Climate Change Data

Environmental Metrics

ESG Focus Areas

• Greening operations
• Greening products
• Accelerating energy efficiency improvements in the built environment
• Employee safety
• Community engagement

Environmental Achievements

• Reduced recordable incident rate (RIR) by 28% from 1.90 in 2006 to 1.37 in 2007
• 68 of 131 facilities operated injury-free in 2007
• Met 2012 reduction goals for NOx, PM, and water
• More than halfway to meeting 2012 reduction goal for global energy intensity
• 76% of Toronto plant’s waste diverted from landfill in 2007 (up from 61% in 2002)
• Kearny, NJ plant improved efficiency in pollutant destruction from 95% to 99%
• Kearny, NJ plant reduced NOx, CO, VOC, and SO2 emissions significantly with new equipment
• New blowing agent technology to reduce GHG emissions by approximately 70% in North American foam facilities
• Installation of solar PV systems at Kearny, NJ and Gresham, OR facilities

Social Achievements

• Improved employee engagement index ratio to 3.8:1 (from 3.4:1 in 2006)
• Donated over $1 million to 39 charities through product donations and employee volunteering
• Supported United Way campaigns with employee donations exceeding $1 million
• Title sponsorship of Jamie Farr Owens Corning Classic, raising nearly $6 million for children's charities

Governance Achievements

• Appointment of first full-time chief sustainability officer
• Incorporation of sustainability goals into management compensation programs

Climate Goals & Targets

Environmental Challenges

• Meeting 2012 GHG reduction goal due to increased foam production using HCFC blowing agents
• Meeting 2012 VOC reduction goal due to inability to reduce VOCs at the same rate as production decline in roofing and asphalt business
• High turnover rate (32% in 2007, 14% excluding divestitures, closings, and restructuring)

Mitigation Strategies

• Implementing new blowing agent technology to reduce GHG emissions
• Implementing technology improvements to reduce VOC emissions
• Focusing on new technologies and productivity projects to improve energy efficiency
• Investing in innovations to minimize air pollutants at the source

Climate-Related Risks & Opportunities

Opportunities

• Increased energy efficiency from product use
• Reduction in GHG emissions from product use

Reporting Standards

Frameworks Used: GRI

Certifications: GREENGUARD Indoor Air Quality Certified

Sustainable Products & Innovation

• AttiCat® Expanding Blown-In Insulation System
• Advantex® glass
• Fiberglas™ insulation

Awards & Recognition

• Lumbermen's 2007 Vendor of the Year
• Home Depot Canada Partner of the Year
• Maple Leaf Award
• Rheem Supplier Partner of the Year
• JEC Innovation Award
• China Building Energy-Saving Influential Businesses Award
• China Building Energy-Saving Influential Businesses – International Brands Outstanding Contribution Award
• New Jersey State Department of Labor recognition
• Recycling Council of Ontario Waste Minimization Award
• VPP Star status
• Glass Service Modeling Award
• Human Rights Campaign Foundation Corporate Equality Index
• FORTUNE magazine's Most Admired Companies
• Diamante Award
• ARMA recognition
• Gallup Organization citation
• Calvert Social Index inclusion
• Junior Achievement U.S. Business Hall of Fame induction

Environmental Metrics

ESG Focus Areas

• Greening our operations
• Greening our products
• Accelerating energy efficiency improvements in the built environment

Environmental Achievements

• Reduced energy intensity by 17 percent since 2002
• Improved resource use and environmental emissions of operations in 2008 despite reduced global demand
• Increased certified recycled content in fiberglass from 35% to 40%
• Introduced innovative blowing agent technology (2009 implementation) to reduce greenhouse gas emissions by more than 70% in North American foam facilities

Social Achievements

• Reduced injury rate by 77 percent since 2002
• Half of facilities were injury-free in 2008
• Improved S.A.F.E. (Safety Assessment for Effectiveness) score from 64 to 80
• Successful integration of Saint-Gobain acquisition

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Reduced global demand for products impacting progress on energy, resource, and emission intensity reductions
• Meeting GHG and VOC reduction goals

Mitigation Strategies

• Creative ways to continue progress in reducing environmental footprint of operations
• Cross-functional footprint-reduction teams focused on continuous improvement
• Investing in a portfolio of proven solutions
• Implementing proprietary technology to reduce energy intensity
• Improving recycling programs

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Growth in energy efficiency market

Reporting Standards

Frameworks Used: Null

Certifications: GREENGUARD Indoor Air Quality Certified ®, ENERGY STAR ®, MBDC Cradle-to-Cradle Certified (Silver level for CM ProPink®, AttiCat®, and ProPink Complete™), NOM-018 and FIDE certifications (Mexico)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Cool Roof Shingles
• Energy Efficient Replacement Windows (Solace™)
• Recycled content fiberglass
• New blowing agent technology

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Footprint
• Greenhouse Gas Reduction
• Water Stewardship
• Community Investment
• Supplier Sustainability
• Product Stewardship
• Diversity & Inclusion

Environmental Achievements

• Achieved all seven of our first 10-year environmental footprint goals.
• Completed several greenhouse gas reduction projects (diesel-to-natural gas fuel switching, fuel cells, waste heat recovery, biomass, solar, and combined heat and power).
• Completed several major water use reduction projects in stressed areas.
• Released the first Environmental Product Declarations (EPD) for fiberglass insulation in North America.
• Reduced environmental intensity footprint since 2010 baseline year across energy, GHG, PM2.5, TAE, waste-to-landfill, and water.

Social Achievements

• Achieved eleventh consecutive year of safety improvement (company-wide policy to eliminate cell phone usage while driving).
• Donated enough insulation and roofing material to re-roof 283 homes and insulate more than 1,000 homes.
• Globally, facilities completed 86 community projects and donated 1.74 percent of full-year adjusted earnings to non-profit organizations.
• Strengthened Supplier Code of Conduct and Employee Code of Conduct to include explicit sustainability expectations.
• Achieved more than 60 percent shingle recycling availability.
• Earned a perfect score of 100 percent on the HRC Corporate Equality Index (each year since 2004).
• Distributed “It Gets Better Project™” video featuring OC employees.

Governance Achievements

• Achieved listing on the Dow Jones Sustainability World Index for the third consecutive year.

Climate Goals & Targets

Environmental Challenges

• Need to further shrink environmental footprint and become a net-positive company.
• Need to strengthen supplier relationships and expectations.
• Need to increase focus on energy efficiency solutions for climate change mitigation.
• Need to expand and streamline global environmental management systems.
• Need to better meet growing demand for transparency in products.
• Need to increase the level and geographic reach of community investment activities.
• Need to expand external collaborations.

Mitigation Strategies

• Continued commitment to incorporating sustainability in everything the company does.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Strengthened Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Energy efficiency solutions

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• EcoTouch® insulation (formaldehyde-free, recycled glass content, 99% natural ingredients)
• Duration® Premium Cool shingles (ENERGY STAR® requirements)
• SUSTAINA® surfacing and reinforcing glass non-woven solutions (bio-based, formaldehyde-free binder system)

Awards & Recognition

• Dow Jones Sustainability World Index (3 consecutive years)

Environmental Metrics

ESG Focus Areas

• Expanding our product handprint
• Reducing our environmental footprint
• Expanding our social handprint

Environmental Achievements

• Reduced primary energy weighted-average intensity by 29% from 2010
• Reduced weighted-average intensity of consumed energy by 19% from 2010 baseline
• 49% of electricity came from renewable sources
• 49% reduction in weighted-average intensity of GHG emissions from 2010 baseline
• 41% absolute reduction in toxic air emissions from 2010 baseline
• 54% reduction in toxic air weighted-average intensity from 2010 baseline
• 34% reduction in particulate emissions weighted-average intensity from 2010 baseline
• 41% below the weighted-average water intensity of the 2010 baseline year

Social Achievements

• 8,401 employee volunteer experiences in 2019 (up 17.8% from 2018)
• 31,152 hours of employee volunteer time in 2019 (up 14.1% from 2018)
• 77% of facilities engaged in community outreach

Governance Achievements

• Perfect score on the 2019 Corporate Equality Index
• 84% of CEO’s and 69% of NEOs’ target compensation tied to annual and long-term incentives

Climate Goals & Targets

Environmental Challenges

• Reducing waste-to-landfill
• Water scarcity in some operating regions
• Meeting ambitious GHG emission reduction targets

Mitigation Strategies

• Collaboration with Waste Hub to find end-use applications for waste materials
• Implementing water-saving initiatives at various facilities
• Investing in renewable energy sources and energy efficiency projects
• Collaboration with suppliers to reduce Scope 3 emissions

Supply Chain Management

Supplier Audits: Annual surveys, site visits, and risk mitigation programs

Responsible Procurement

• Supplier Code of Conduct
• Sustainability assessments
• Risk mitigation tool

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Regulatory changes addressing climate change

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Comprehensive option, TCFD, SASB

Certifications: ISO 14001, ISO 9001, ENERGY STAR, GREENGUARD Gold, Health Product Declaration (HPD), Declare labels

Third-party Assurance: SCS Global Services

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 6
• SDG 7
• SDG 9
• SDG 11
• SDG 12
• SDG 13

Alignment of material topics and 2030 goals with relevant SDGs

Sustainable Products & Innovation

• Cool roof shingles
• Formaldehyde-free insulation
• Lighter-weight mineral wool
• Recyclable packaging
• Corrosion-resistant rebar

Awards & Recognition

• Dow Jones Sustainability World Index
• CDP Climate A List
• CDP Water Security A List
• Corporate Responsibility Magazine’s 100 Best Corporate Citizens
• Corporate Equality Index (perfect score)
• ENERGY STAR
• Science-Based Target Initiative approval

Environmental Metrics

ESG Focus Areas

• Climate Change
• Air Quality
• Energy and Water Consumption
• Biodiversity
• Waste Reduction
• Employee Safety and Wellbeing
• Human Rights
• Community Engagement
• Racial Equity
• Circular Economy
• Inclusion and Diversity

Environmental Achievements

• Reduced greenhouse gas emissions by 20-75% across various categories (specific percentages vary by emission type)
• Reduced particulate matter 2.5 emissions by 50-70%
• Reduced water consumption by 20-50% in water-stressed areas
• Reduced waste sent to landfills by 50-70%
• Introduced FOAMULAR® NGX™ insulation with a 90% reduction in global warming potential compared to legacy products
• Introduced PAROC® Natura™ insulation, a carbon-neutral product

Social Achievements

• Recordable incident rate of 0.62, 79% below the industry average
• 54% of global facilities were injury-free in 2020
• Committed over $2.3 million toward racial equity initiatives in Toledo, Ohio
• Improved employee safety and wellbeing

Governance Achievements

• Established a cross-functional team dedicated to advancing circular economy commitments

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic

Mitigation Strategies

• Continued work on sustainability goals despite pandemic challenges

Supply Chain Management

Responsible Procurement

• Collaborate with suppliers to increase transparency regarding raw materials and embodied carbon

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Target initiative

Sustainable Products & Innovation

• PAROC® Natura™ Insulation
• FOAMULAR® NGX™ Insulation
• WindStrand®

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Product Innovation
• Supply Chain Sustainability
• Inclusion & Diversity
• Employee Well-being
• Safety

Environmental Achievements

• Reduced Scope 1 and 2 greenhouse gas emissions by 12%
• Reduced Scope 3 greenhouse gas emissions by 8%
• Reduced VOC emissions intensity by 18%
• Reduced PM2.5 emissions intensity by 14%
• Reduced water withdrawal intensity by 20% at high water-stress sites
• Reduced waste intensity by 17%
• Increased renewable energy share to 51%

Social Achievements

• Maintained 98% employee engagement
• Achieved 100% retention of high-potential talent
• Increased internal fill rate for leadership roles to 82%
• 98% of suppliers met the Supplier Code of Conduct
• Recordable incident rate of 0.59 (81% below industry average)

Governance Achievements

• Three women on the board (30%)
• Nine independent directors on the board
• 85% of CEO's and 74% of NEOs' target compensation tied to annual and long-term incentives

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to weather events and material shortages
• Climate change and associated weather conditions
• Climate change transitional risks (e.g., regulatory changes, energy price increases)
• Loss of highly skilled personnel
• Cybersecurity risks
• Risks related to child labor and forced labor

Mitigation Strategies

• Collaboration with businesses, sourcing, supply chain, commercial marketing teams, customers, and suppliers
• Science-based targets for greenhouse gas emissions reduction
• Circular economy model
• Phased retirement program
• Enhanced security measures and monitoring
• Supplier Code of Conduct and due diligence

Supply Chain Management

Supplier Audits: 13 on-site evaluations and self-assessments in 2021

Responsible Procurement

• Supplier Code of Conduct
• ESG risk scoring
• Supplier sustainability assessments

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather impacting markets and operations

Transition Risks

• Changes in emissions trading schemes
• Increased energy prices

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Comprehensive option, UNGC, TCFD, SASB

Certifications: ISO 14001, ISO 9001

Third-party Assurance: SCS Global Services

UN Sustainable Development Goals

• 3 (Good Health and Well-being)
• 5 (Gender Equality)
• 6 (Clean Water and Sanitation)
• 7 (Affordable and Clean Energy)
• 8 (Decent Work and Economic Growth)
• 9 (Industry, Innovation and Infrastructure)
• 12 (Responsible Consumption and Production)
• 13 (Climate Action)
• 17 (Partnerships for the Goals)

Owens Corning's initiatives contribute to these goals through various programs and strategies

Sustainable Products & Innovation

• PINK Next Gen™ Fiberglas™ insulation
• FOAMULAR® NGX™ insulation
• PAROC® Natura insulation
• WindStrand® composite material
• Duration FLEX® shingles
• Cool Roof shingles

Awards & Recognition

• #1 on 3BL Media's 100 Best Corporate Citizens list (3 years in a row)
• Dow Jones Sustainability World Index (12th consecutive year)
• CDP A List for Water Security (3rd year in a row)
• CDP A- for Climate Change
• Perfect score on the Corporate Equality Index (17th consecutive year)
• Platinum certificate with EcoVadis
• S&P Global Gold Class Distinction (8th consecutive year)

Environmental Metrics

ESG Focus Areas

• Gender Pay
• Employee Wellbeing
• Philanthropic Activities
• Board Gender Diversity
• Workforce Diversity
• Hiring
• Employee Safety
• Training and Development
• Employee Turnover

Social Achievements

• 89.1% of employees actively engaged in 2022.
• 29% of open positions filled by internal candidates in 2022.
• $6,246,767 USD in cash contributions for philanthropic activities in 2022.

Governance Achievements

• 30% women on the board in 2022.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Dow Jones Sustainability Index (DJSI)

Third-party Assurance: SCS Global Services (SCS)