Corning Incorporated (NYSE: GLW) has been named an ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency for the second straight year.
The ENERGY STAR Partner of the Year is the EPA’s most prestigious award and recognizes organizations that have made significant contributions in energy management and raised awareness about energy efficiency.
“Corning Incorporated is a leading example of how businesses and organizations are incorporating ENERGY STAR into their sustainability programs,” said EPA Administrator Gina McCarthy. “Corning’s role in energy management is helping reduce our nation’s greenhouse gas emissions that fuel climate change and preserve a healthy planet for future generations.”
Corning was recognized for the rapid maturation of its energy management, environmental performance, and greenhouse gas emission-control efforts. Corning is a global company with U.S. operations consisting of nearly 50 facilities in 16 states and the District of Columbia.
Corning is one of a select few manufacturers to be designated an ENERGY STAR Partner. Corning, along with other ENERGY STAR Partners, will be celebrated in Washington, D.C., on April 20.
“We’re honored to be named an Energy Star Partner of the Year for the second consecutive year. We committed ourselves to ongoing improvements, and this award demonstrates that we are making terrific progress in our energy journey,” said Wendell P. Weeks, Corning’s chairman and chief executive officer. “This is also a great example of how we can do well by doing good. Responsible energy management helps us maintain the trust of our stakeholders, control costs, and compete more effectively in a global economy. In other words, we are investing in Corning’s future as well as the health of our planet.”
Corning’s energy policies are developed and implemented by its Global Energy Management program. Since its launch in 2006, GEM’s management practices have saved Corning more than $390 million in cumulative energy costs.
“This recognition as an ENERGY STAR Partner of the Year would not be possible without the support this program has received from our leadership and the dedication of our team members and plant managers,’’ said Patrick Jackson, Corning’s GEM director. “This clearly shows how Corning has bought into the idea that effective management of energy makes good business sense and helps protect the environment.”
Corning began its GEM program at a time when the benefits of energy management were a fairly new concept for many large businesses. A $300,000 grant from the New York State Energy Research and Development Authority during former Gov. George Pataki’s administration helped Corning with start-up costs.
“Having a large industrial energy user like Corning make such a commitment and agree to partner with NYSERDA to promote and share their results validated NYSERDA’s efforts that improving the way a corporation uses energy translates into increased productivity, cost savings and significant environmental benefits, benefits that accrue to the bottom line. I congratulate Corning as an ENERY STAR Partner of the Year for the second year in a row and for a commitment made a decade ago that is still paying dividends today,” said Peter R. Smith, former president and CEO of NYSERDA.
Since its inception in 1992, ENERGY STAR and its partners have helped prevent a total of more than 2 billion metric tons of greenhouse gas emissions. In 2013 alone, ENERGY STAR and its partners provided more than $11 billion in societal benefits due to reducing damages from climate change.
ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders.
For a complete list of 2015 winners and information, and more information about ENERGY STAR’s awards program, visit www.energystar.gov/awardwinners.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
About ENERGY STAR
ENERGY STAR® is the simple choice for energy efficiency achievements. For more than 20 years, people across America have looked to EPA’s ENERGY STAR program for guidance on how to save energy, save money, and protect the environment. Behind each blue label is a product, building, or home that is independently certified to use less energy and cause fewer of the emissions that contribute to climate change. Today, ENERGY STAR is the most widely recognized symbol for energy efficiency in the world, helping families and businesses save $300 billion on utility bills, while reducing greenhouse gas emissions by two billion metric tons since 1992. Join the millions who are already making a difference at energystar.gov.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.