Owens Corning Named One of the 2019 World’s Most Ethical Companies® by the Ethisphere Institute for the Second Year
"We’re honored to be included again on the Ethisphere Institute’s distinguished list"
TOLEDO, Ohio-.-(BUSINESS WIRE)-.-For the second consecutive year, Owens Corning (NYSE: OC) has been recognized by the Ethisphere Institute as one of the 2019 World’s Most Ethical Companies.
The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, recognized Owens Corning again this year as one of four honorees in the Construction & Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices.
In 2019, the Ethisphere Institute honored 128 companies from 21 countries and 50 industries. These companies illustrate how companies can be a driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
“We’re honored to be included again on the Ethisphere Institute’s distinguished list,” said Ava Harter, Owens Corning general counsel. “For Owens Corning employees, this is an important recognition of our ongoing commitment to integrity and the highest standards of conduct in everything we do.”
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
Best practices and insights from the 2019 honorees will be released in a report and webcast in March and April of this year.
About Owens Corning
Owens Corning is a global leader in insulation, roofing, and fiberglass composite materials. Its insulation products conserve energy and improve acoustics, fire resistance, and air quality in the spaces where people live, work, and play. Its roofing products and systems enhance curb appeal and protect homes and commercial buildings alike. Its fiberglass composites make thousands of products lighter, stronger, and more durable. Owens Corning provides innovative products and solutions that deliver a material difference to its customers and, ultimately, make the world a better place. The business is global in scope, with operations in 33 countries. It is also human in scale, with approximately 20,000 employees cultivating local and longstanding relationships with customers. Based in Toledo, Ohio, USA, the company posted 2018 sales of $7.1 billion. Founded in 1938, it has been a Fortune 500® company for 64 consecutive years. For more information, please visitwww.owenscorning.com.