Owens Corning® has issued its first green bond amounting to $450 million, which is payable for over 10 years at a coupon rate of 3.95%. The issuance of the bond is in line with the company’s pledge to run a sustainable enterprise benefiting both the environment and its shareholders.
In this article, roof replacement expert John Peters Roofing shares more information on Owens Corning’s green bond.
What Is “Green Bond”?
Owens Corning’s green bond is basically a fund that the company will use to further its work in energy efficiency and renewable energy. It also aims to create products, production technologies and processes that fit eco-efficient and circular economy.
Some projects that the public can look forward to include:
Investments in solar and wind power generation facilities
Investments to boost energy efficiency in internal projects and processes
Investments in eco-efficient programs that reduce waste or increase recycling
With its dedication to sustainability and the environment, it’s no wonder that Owens Corning is a leading name in the roofing industry.
What Does It Mean for Customers Like You?
Since funds will be poured into the research and development of products that support the company’s sustainability goals, customers will ultimately benefit from these projects. They’ll have better options that enable them to build homes without leaving a large carbon footprint.
Owens Corning’s commitment to renewable energy is especially noteworthy. Solar and wind power are two of the cleanest and most sustainable energy sources — which means lower carbon emissions from the company’s facilities. And with reduced dependence on fossil fuel, everyone benefits with cleaner air.
John Peters Roofing uses only high-quality materials and equipment to ensure excellent workmanship. If you’re looking for experts in “roofing near me”, call us at (317) 981-6300 or fill out our contact form. We serve customers in Indianapolis, and the surrounding areas.