News Release Issued: March 15, 2010 2:04 PM EDT
TOLEDO, Ohio, March 15 /PRNewswire-FirstCall/ -- Owens Corning (NYSE: OC) ranked 94th in Corporate Responsibility Magazine's 11th annual list of "100 Best Corporate Citizens," which is known as the world's top corporate responsibility ranking based on public information.
Owens Corning achieved the top 100 from among 1,000 of the world's largest companies. The rankings were based on performance in seven categories: environment, climate change, human rights, philanthropy, employee relations, financial performance and governance.
"We are proud that Owens Corning was recognized for its consistent best practices in corporate leadership," said Frank O'Brien-Bernini, chief sustainability officer. "Our commitment to corporate citizenship is unwavering as we continue to care for the planet, serve our communities and develop products that improve energy efficiency in homes and buildings around the world."
Corporate Responsibility Magazine's "100 Best Corporate Citizens" list is recognized by PR Week as one of America's top three most important business rankings.
"Company stakeholders – from investors to customers to employees to regulators – watch the '100 Best Corporate Citizens' list closely, and are using it now more than ever to make important decisions," said Jay Whitehead, publisher, Corporate Responsibility Magazine. "As a result, making this prestigious list is worth millions or even billions in increased shareholder and brand value."
The 2010 rankings were calculated by IW Financial, a financial analysis firm in Portland, Ore., which serves the environment, social and government sectors of the investment community. The full list can be found at www.thecro.com
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune 500 Company for 55 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $4.8 billion in 2009 and about 16,000 employees in 28 countries on five continents. Additional information is available at www.owenscorning.com.
SOURCE Owens Corning