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Daily CSR

Daily CSR

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Owens Corning To Invest In New Sustainable Goals And Renewable Energies



11/09/2015

Owens Corning comes up with its new goals of sustainability along with renewable energy commitments.


Dailycsr.com – 06 November 2015 – In an attempt to cut down further the emissions of “greenhouse gas and toxic air” the company of “Owens Corning” made an announcement of its “more ambitious sustainability goals”. Moreover, the company has also released its new “renewable power initiatives”, whereby there are also plans of expanding the sustainable impacts of the company. In the C.E.O cum the chairman of Owens Corning, Mike Thaman’s words:
“Owens Corning has a history of promoting energy efficiency through our products, our suppliers and our operations. Today’s announcements reflect a continuation of our company’s history of being a good steward of the environment.”
 
The main “elements” made in the announcement were:
  • Executing power supply agreements of new installed capacity that represent the largest wind power agreements reported by an industrial company in the world1;
  • Dedicating a 2.4 megawatt solar canopy at the company’s headquarters in Toledo that is expected to supply approximately 30 percent of the facility’s annual electricity needs, and offset the equivalent greenhouse gases emitted from the commute of its local workforce;
  • Establishing new 2020 sustainability goals to reduce greenhouse gas intensity by 50 percent and toxic air emissions intensity by 75 percent from its 2010 baseline.
 
While, Frank O'Brien-Bernini the VP and the chief Sustainability Officer says:
"Our new sustainability goals are ambitious and impactful. Importantly, they are made more achievable by these large scale renewable energy actions and by partnering with leading providers of solar photovoltaic systems to continue our leadership in this area”.
 
As per O’Brien-Bernini “the wind energy deal” will be including:
  • Generate the equivalent electricity to that needed to power more than 65,000 U.S. homes; and
  • Support the wind power industry by enabling the construction of new wind power assets, a market to which the company supplies high performance glass fiber reinforcements for wind turbine blades.
 
Moreover, O'Brien-Bernini add:
"Our new greenhouse gas reduction goal is informed by science-based methodologies that are designed to reduce carbon emissions enough to limit global warming to less than 2 degrees Celsius compared to pre-industrial temperatures. We have taken an important step in aligning our goals consistent with the scientific consensus on what’s needed.”
 
Based at “Toledo, Ohio”, the company of Owens Corning is into development and manufacturing of “markets insulation, roofing and fiberglass composites”. It runs on a global scale and deals in “market-leading businesses” whereby using their “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”. 





References:
www.businesswire.com