Owens Corning : earns place among nation's elite climate-related innovators
04/23/2012| 05:40pm US/Eastern
TOLEDO, Ohio, April 23, 2012 /PRNewswire/ -- Owens Corning (NYSE: OC), a leading global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, has been nationally recognized by Maplecroft Climate Innovation Indexes as a leader in the innovation of clean-tech solutions and new products, the mitigation of climate change related risks and the management of carbon emissions.
The Maplecroft Climate Innovation Indexes (CIIs) are comprehensive studies of the country's largest multinational companies and how they manage and adapt to climate change, with a special focus on innovation.
This rating of the 360 largest U.S.-based companies ranks Owens Corning 80th among the top 100 companies with free-float market capitalization of more than $1 billion.
Maplecroft rated each company against more than 100 criteria, including: technological innovation and new working practices to combat climate change impacts; management of climate-related issues; adaption to physical climate-related risks, such as flooding or more extreme weather events throughout the supply chain; and, the reduction of greenhouse gas emissions.
"It's an honor to have earned a place on this list," said Owens Corning Chief Sustainability Officer Frank O'Brien-Bernini. "Owens Corning is committed to balancing economic growth with social progress and environmental stewardship as we deliver more sustainable solutions to our building materials and composites customers around the world.
"We are particularly proud that a special emphasis was placed on innovation, a core value and a practice which Owens Corning has a rich history - and an exciting future," he added.
Other companies who share a place on this list include GE, Alcoa, Johnson Controls, Ford and Intel. According to Maplecroft, Owens Corning is among a list of companies that will enable investors to identify the most resilient and innovative companies with the best long-term growth prospects. Maplecroft believes these companies are best positioned to succeed in the climate-changed, low-carbon environment of the future.
More information is available at www.maplecroft.com.
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 57 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 $5.3 billion in 2011 and about 15,000 employees in 28 countries on five continents. Additional information is available at www.owenscorning.com.
SOURCE Owens Corning