Energy Efficiency, GHG Emissions, Industrial - March 19, 2024
Owens Corning Lowers Emissions 28%
Owens Corning achieved a 28% reduction in Scope 1 and 2 emissions from a 2018 baseline.
These results move Owens Corning, a global building and construction materials company, closer to its goal of a 50% reduction in absolute Scope 1 and 2 market-based GHG emissions by 2030.
The company also made progress toward its goal to recycle two million tons of shingles per year in the U.S. by 2030. In late 2022, the company and its partners launched an asphalt shingle recycling pilot program developed to deconstruct residential and industrial waste shingles and extract their component materials. In 2023, the facility successfully achieved shingle deconstruction, extracting asphalt, granules and filler. The process is designed to reclaim the entire shingle to avoid any components of the product going to waste.
In 2023, Owens Corning lowered the amount of waste sent to landfills by 14% compared to a 2018 baseline. The company is working to develop capabilities for reducing, recycling and diverting its waste streams both internally and with external partners. To accelerate internal recycling capabilities, the company built its first Circular Economy Recycling Technology Innovation Laboratory at its Science & Technology Center in Granville, Ohio.
Across all its businesses, Owens Corning offers an extensive portfolio of products that can help customers save energy and lower emissions. In 2023, 59% of the company’s revenue came from this category of products. In addition, 14 products are certified as made with 100% renewable electricity. These products make up 25% of the company’s total revenue.
Owens Corning published details in its 2023 Sustainability Report, Making the Difference, outlining the company’s progress toward its 2030 sustainability goals.
“Owens Corning demonstrated outstanding financial and sustainability results in 2023, showcasing the power of our company’s mission to build a sustainable future through material innovation,” said Board Chair and CEO Brian Chambers in a statement. “This report reflects the global scope of our people and our products and the many ways they work to make the world a better place.”
The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards. In addition, the report addresses disclosures and material issues related to CDP (formerly the Carbon Disclosure Project), the S&P Global Corporate Sustainability Assessment (CSA) and Dow Jones Sustainability Index (DJSI), the United Nations Sustainable Development Goals (SDGs), UN Global Compact Communication on Progress, and other stakeholders’ requests, including the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD).
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