Owens Corning Named Silver Class Sustainability Leader

Mar 28, 2011, 08:03 ET from Owens Corning

TOLEDO, Ohio, March 28, 2011 /PRNewswire/ -- Owens Corning (NYSE: OC), a world leader in building materials and glass fiber reinforcements, has been named a Silver Class Sustainability Leader and a Sector Mover in The Sustainability Yearbook 2011 published by Sustainable Asset Management (SAM).

In September 2010, Owens Corning was added to the Dow Jones Sustainability World Index (DJSI World) for its industry-leading sustainability initiatives based on analysis conducted by SAM.  The DJSI World Index is a highly recognized sustainability index comprised of leading sustainable companies around the world.  Inclusion on this list means that the company ranks in the top 10 percent of the largest 2,500 companies worldwide based on long-term economic, environmental and social criteria.

Each year SAM then puts together The Sustainability Yearbook, a reference guide to the world's sustainability leaders.  Only the top-scoring 15 percent of the companies in each of the 58 sectors assessed are eligible for the yearbook.

SAM awards the Sector Mover title to the company that achieved the biggest proportional improvement in its sustainability performance compared with last year.  In addition, companies are classified into three categories – gold, silver and bronze.

"It is a great honor to be recognized for improving sustainability performance year over year," said Chief Sustainability Officer Frank O'Brien-Bernini.   "In just one year, Owens Corning moved from unlisted on the DJSI to achieving a silver level, and being named a sector mover by SAM in 2010.  We continue to pursue our objectives to advance the company further as a leader in sustainability."

About Owens Corning

Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems.  A Fortune® 500 Company for 56 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives.  Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.0 billion in 2010 and about 15,000 employees in 28 countries on five continents.  Additional information is available at www.owenscorning.com.

SOURCE Owens Corning