Owens Corning

Building Products
OC
$ 93 1.3
Share price
$ 9 bn
Market Cap
$ 11 bn
Enterprise Value

Carbon footprint

297 Ton
GHG emissions per $ 1 mln investment
11x the weighted average for S&P 500
FY2020
How is this calculated?
-9.4%
YOY change in GHG emissions
In line with the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-4.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Owens Corning aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018


1.5°C
Owens Corning's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-2.1%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.3% weighted average for S&P 500
FY2021
How is this calculated?

Owens Corning aims to reduce Scope 3 by 30% by 2030 from a base year 2018


1.5°C
Owens Corning's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

Owens Corning's GHG emissions (market-based) (Kt of CO2e)
Owens Corning's Carbon intensity (Tons per 1 USDm)

Owens Corning's carbon footprint

Owens Corning reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 3,338 Kt (-348 /-9.4% y-o-y). Also positively, carbon intensity was down at 473 t (-42 /-8.1% y-o-y).

Owens Corning's Scope 3 emissions plunged to 3,437 Kt (-348 /-9.2% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-3.4% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -140 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2018, which translates into the estimated reduction of -72 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Company environmental metrics

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