Owens Corning®, one of the leading manufacturers in the roofing industry, continues its steadfast commitment to run a sustainable enterprise that benefits both its shareholders and the environment. Recently, it became the first U.S. company to complete the issuance of a multi-million dollar “green bond.” This is in line with its aspiration to be a net-positive entity whose handprint is greater than its footprint.
About the Green Bond
Owens Corning’s green bond is worth $450 million and is payable over 10 years, with a coupon rate of 3.95%. The company also pledged to spend $445 million on eligible sustainability projects that will further its work on various environment-centered avenues.
Eligible projects focus on investments in energy efficiency, renewable energy and eco-efficient roofing products and processes. Also, the funds are being used for projects that benefit customers and consumers, through research and development of products that support these categories.
Green Bond Principles dictate that a company must report on how the committed funds are spent. Owens Corning will provide yearly updates on the funds’ allocation throughout the green bond’s term until all of them have been allocated fully.
What Does This Mean to You?
Mobley Brothers Roofing and Renovation is a proud carrier of Owens Corning roofing products. We provide residential roof replacement and repair services in the local area. By offering high-quality exceptional products from the manufacturer, we can achieve our goal of 100% satisfaction in every roofing project we tackle.
With the green bond, choosing Owens Corning as your brand of choice now also means doing your part in making sustainability a vital aspect of your roofing project. You can now improve your home without leaving a large carbon footprint.
Call us at (865) 216-3274 or (615) 906-1195 to get started with your roof repair or replacement. You may also fill out our contact form to request a free estimate. We serve residents of Knoxville and Lebanon, TN.