As one of the leading manufacturers in the roofing industry, Owens Corning® has always been at the forefront, innovating roofing solutions for homes and businesses in the U.S. Now, the brand’s efforts are directed towards environmental measures, completing the issuance of its inaugural green bond. This is in line with Owens Corning’s goal of becoming a net-positive commercial roofing company whose environmental handprint is greater than its footprint.
Details About the Green Bond
Owens Corning is the first industrial company in the U.S. to issue a green bond. Worth $450 million, the green bond is payable over a 10-year period, with a coupon rate of 3.95%. Alongside it, the company has also committed to devote $445 million to eligible sustainability projects involving renewable energy, energy-efficient roof repair investments and other eco-efficient programs.
“Owens Corning is dedicated to running a sustainable enterprise that benefits both the environment and our shareholders,” said Brian Chambers, the company’s chief executive officer. “It’s encouraging that so many investors see value in supporting our green efforts.”
According to the Green Bond Principles, Owens Corning will be reporting how the committed funds will be spent, as well as how initiatives are progressing in annual updates until the all of the funds have been allocated fully.
Sully-Jones Roofing is proud to carry Owens Corning roofing products. We are committed to offering quality commercial and residential roof replacement services and the manufacturer helps make it possible for us to achieve our goal of offering 100% satisfaction in every job. With the green bond, supporting Owens Corning now also means taking your own steps toward sustainability.
To learn more about what Sully-Jones Roofing can do for you, simply give us a call at (619) 312-4018 or fill out our contact form. Schedule a FREE consultation with us today! We serve San Diego, CA, and the surrounding communities.