Owens Corning

Building Products
OC
$ 81 5.5
Share price
$ 7.8 bn
Market Cap
$ 9.8 bn
Enterprise Value

Carbon footprint

349 Ton
GHG emissions per $ 1 mln investment
8.7x the weighted average for S&P 500
FY2021
How is this calculated?
+2.2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.8%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
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

-2.7%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.2% weighted average for S&P 500
FY2022
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 2021 at 3,427 Kt (+75/+2.2% y-o-y). At the sime time, carbon intensity decreased to 403 t (-72 /-15.1% y-o-y).

Owens Corning's Scope 3 emissions decreased to 3,346 Kt (-43 /-1.3% y-o-y). The rate of decline has slowed compared to the trend since 4Q'17 (CAGR -3.2%).

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 -165 Kt per annum over the period of FY2022 - 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 -90 Kt per annum over the period of FY2022 - 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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