CEO and CSO Letter
It’s a pleasure to present our 2018 Sustainability Report and share the progress Owens Corning has made against our 2020 sustainability goals, as well as our commitment to making the world a better place.
The theme for this year’s report, Difference Driven, reflects our sustainability commitments as well as our aspirations. Owens Corning is a materially different company than it was in 2002, when we established our first set of long-range sustainability goals. Expanding our impact through safety, wellness, and sustainability remains a strategic priority — one that reflects our belief that we succeed as a company when we live our core values. That means we must consider the future in all we do, with a commitment to care for people and the planet while delivering a material difference to all stakeholders.
Safety remains our top priority. As 2019 unfolds, there is an increasing focus in all Owens Corning facilities on identifying hazards and eliminating risks that can lead to serious injuries, going beyond the traditional emphasis on reducing recordable injuries. This additional assessment is key to our continued march to zero injuries.
We believe that health and wellness contribute to employee engagement and quality of life, which is why we continually seek ways to help our employees and their families embrace healthy living. For instance, our new U.S. opioid policy limits the initial prescription to a three-day supply for U.S. employees and dependents on Owens Corning health plans. This facilitates more constructive discussions between patients and doctors, and the policy has reduced the number of opioid pills dispensed by 40% in the first year, ultimately reducing the risk of addiction.
This report includes stories like these and highlights the progress we’ve made against our 2020 sustainability goals. It also offers a candid look at the work that’s still needed as we begin formulating our next set of long-term goals. We have met or are making steady progress toward five of our six 2020 footprint reduction goals. However, the sixth goal, reducing our waste-to-landfill, is an ongoing challenge and priority, and in this report we share some of what we’ve learned along the way. Those lessons are the basis of our determination to keep striving to reduce waste in the company’s own processes and within the industry.
Our next set of long-term goals, with a target date of 2030, will be based on science and informed by where the world needs us to be, as a leader in addressing the most critical issues, local and global. We aspire to be a net-positive company, where the positive impacts of our people and products far outweigh the negative impacts. We’re engaging a wide range of stakeholders in the process of identifying the right aspirations and setting ambitious and measurable goals. All Owens Corning employees share the goal to ensure this is a company whose actions make a positive difference to the world and inspire our many stakeholders to be part of our journey.
Through this report and our website, we are proud to report our progress and reflect on our opportunities as a sustainable enterprise. Built on the pillars of financial strength, high-performance people, customer-inspired innovation, operational excellence, and world-class sustainability, Owens Corning has a long history that we believe is the foundation for a successful future. We are managing our company for the long term, knowing that we can make a difference that matters.
Brian Chambers
President and
Chief Executive Officer
Frank O’Brien-Bernini
Chief Sustainability Officer
Company Profile
Global in Scope and Human in Scale
Owens Corning (NYSE: OC) develops, manufactures, and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2017 sales of $6.4 billion and employs 19,000 people in 37 countries. It has been a Fortune 500® company for 63 consecutive years.