Building Better Together - Owens Corning's 2024 Sustainability Report
“The theme ‘Building Better Together’ reflects the work of our team in delivering a significant year for Owens Corning in 2024,” said Chair and Chief Executive Officer Brian Chambers. “We successfully executed major strategic initiatives to reshape and focus the company on building products in North America and Europe while driving breakthroughs in performance across several sustainability measures.”
This marks the 19th sustainability report from Owens Corning, which published its first report in 2006.
“2024 will stand as a milestone in our journey toward our 2030 sustainability goals, showcasing our ongoing commitment to progress and innovation,” said David Rabuano, senior vice president and chief sustainability officer.
Notable accomplishments outlined in this year’s report include:
- Employee safety:Driven by the company’s Safer Together operating framework, Owens Corning reported a recordable incident rate of 0.62, which is 78 percent below the industry average, as reported by the U.S. Bureau of Labor Statistics for 2023 (the most recent data available). In addition, 58 percent of the company’s global sites worked injury-free in 2024.
- Energy-efficient solutions:Across all of its businesses, Owens Corning offers an extensive portfolio of products that meet customer demands by saving energy and lowering emissions. In 2024, 51 percent of the company’s revenue came from this category of products.
- Waste:To achieve a winning cost position and deliver best-in-class execution, the company drove significant productivity gains by reducing waste. In 2024, Owens Corning reduced its total waste generation by 64,676 metric tons compared to 2023. In addition, the company reduced the amount of waste sent to landfills by 11 percent year-over-year and 20 percent compared to a 2018 baseline.
- Reducing greenhouse gas emissions:The company has achieved a 43 percent reduction in Scope 1 and 2 market-based emissions from a 2018 baseline, including an 11 percent reduction in 2024. These results move Owens Corning closer to its goal of a 50 percent reduction in absolute Scope 1 and 2 market-based GHG emissions by 2030. These efforts help Owens Corning reduce the embodied carbon of the products it produces, a key factor in staying ahead of building regulations and maintaining its competitiveness in the market.
