Month: March 2023

Originally published in Southern Company’s 2021 Corporate Responsibility Executive Summary Report

Community Relationships

Southern Company is committed to being “A Citizen Wherever We Serve,” meaning our employees are inextricably woven into the communities we are privileged to serve. Our charitable giving, employee volunteer efforts and economic development initiatives are focused on making communities thrive for generations to come.

We work proudly within our communities to make a difference every dayEach year, Southern Company contributes to independent funds, non-profit organizations and foundations that are working to improve education equity, increase economic empowerment, promote environmental stewardship and revitalize communitiesSouthern Company has been helping hometowns across our states grow and prosper for over 100 years

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Spotlight: Community Support 

Day in and day out, we work proudly within our communities to make a difference. Southern Company weaves together financial grants, philanthropic programs, community board leadership and employee volunteerism to create positive momentum in communities where we serve, live and play. Our support is broad-based spanning education, health and human services, civic and community, environment, economic development and arts and culture. Social justice and equity considerations are at the forefront of our efforts.

We have a strong philanthropic commitment to our communities which is executed through several private foundations and corporate giving efforts across our subsidiaries. In 2021 we invested approximately $110 million in grants, sponsorships, and impact investments across our territories.

Commitment to Advancing Equity in Education 

In 2022, the Nicor Gas Foundation committed to help fund the proposed Technology Lab within the Goodwill Excel Center School, a tuition-free charter school in Rockford, IL, that supports adult students in earning industry-recognized certifications and high school diplomas. The Excel Center Technology Lab will be a critical component to the Northern Illinois campus and will serve up to 300 low-income adult students per semester as they work to earn their high school diplomas and obtain jobs in growing, sustainable local industries. Nicor Gas is committed to advancing equity in education by serving our neighbors and ensuring students at the Excel Center School have access to the latest technology and tools needed to take the next step in their career.

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Congratulations to Stuart Weitzman’s Head of Design Edmundo Castillo, who was honored at Mercado Global’s Fashion Forward Gala. The event took place in NYC on International Women’s Day, Wednesday, March 8th. Castillo was honored for his support of Mercado Global’s mission to empower Indigenous women artisans in rural Central America with the skills they need to become independent entrepreneurs. During his speech to receive the award, he also announced that Stuart Weitzman will be collaborating with Mercado Global for a capsule in Spring 2024.

“With everything I do, I strive to support creating positive change within the fashion industry and support the Latino community. It was an honor to be part of such an inspiring event for this wonderful organization, and I’m so excited to finally be able to share that we are working on a very exciting collaboration together.”

Stuart Weitzman is committed to celebrating the strength of women and girls, inspiring their confidence and empowering them – through authentic partnerships and programs – to create meaningful change in the communities we live and work in around the world.

TOLEDO, Ohio, March 13, 2023 /3BL Media/ – Owens Corning (NYSE: OC) today announced that it has been recognized by Ethisphere as one of the 2023 World’s Most Ethical Companies. This marks the sixth consecutive year the company has been recognized with this honor.

Owens Corning is one of just two honorees in the Construction and Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries.

Ethisphere is a global leader in defining and advancing the standards of ethical business practices.

“Owens Corning is honored to be recognized by Ethisphere for the sixth consecutive year,” said Executive Vice President and General Counsel Gina Beredo. “Our inclusion on this distinguished list speaks to our company’s purpose and serves as a testament to our 19,000 employees across the world who demonstrate it each day with their unwavering commitment to ethical business practices.”

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

Honorees

To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.

Ethisphere Recognition Adds to Recent Company Distinctions

The Ethisphere recognition is one of several honors Owens Corning has earned for its corporate leadership recently, including:

Earning a place on the Dow Jones Sustainability World Index (DJSI World) for the 13th consecutive year, and on the DJSI North America Index for the fifth consecutive year, with industry-leading assessment scores. The DJSI World comprises an elite listing of the world’s largest companies based on long-term ESG criteria. Owens Corning received a perfect score in risk and crisis management, materiality, environmental reporting, recycling strategy, and social reporting.Achieving Gold Class distinction in the 2023 Sustainability Yearbook from S&P Global. Gold Class is the organization’s highest honor for excellence in sustainability performance, a distinction Owens Corning has earned for nine consecutive years. With its score of 88/100, Owens Corning earned a Top 1% S&P Global ESG Score designation, the only company in the Building Products category to do so. More than 7,800 companies assessed in the 2022 Corporate Sustainability Assessment (CSA) were considered for The Sustainability Yearbook with just 67 earning a Top 1% score.Placing #19 on the 2023 Barron’s 100 Most Sustainable U.S. Companies list, up from #27 in 2022. This sixth annual ranking was administered by Calvert Research and Management, which scored the 1,000 largest publicly traded companies by market value. The top 100 firms achieved the highest scores across 230 environmental, social, and governance (ESG) performance indicators ranging from workplace diversity to greenhouse-gas emissions.Ranking #37 on the 2022 Management Top 250 list, published by The Wall Street Journal. Developed by the Drucker Institute, this ranking measures corporate effectiveness by examining performance in five areas: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. The ranking is based on an analysis of 34 indicators based on data obtained from a variety of third-party sources. Owens Corning’s 2022 ranking improved by 17 spots from #54 in 2021.Earning placement on CDP’s 2022 Climate Change and Water Security A Lists for its leadership in environmental transparency on climate change and water security. CDP uses a detailed and independent methodology to assess companies based on comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

About Owens Corning

Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 19,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2022 sales of $9.8 billion. For more information, visit www.owenscorning.com.

Owens Corning Company News / Owens Corning Investor Relations News

Media Relations:
Todd Romain
419.248.7826

Investor Relations:
Amber Wohlfarth
419.248.5639

Source: Owens Corning