Dow Highlights Progress in Redefining the Role of Business in Society in 2016 Sustainability Report
May 22 2017 - 9:00AM
Business Wire
Report lays solid foundation for achieving Company’s 2025
Sustainability Goals
The Dow Chemical Company (NYSE: DOW) today released its 2016
Sustainability Report, laying a solid foundation with strong
first-year results since announcing its 2025 Sustainability Goals.
Prepared in accordance with the Global Reporting Initiative (GRI)
Standards Comprehensive Option (GRI 102-54), GRI is the most widely
used framework for sustainability reporting used globally by
businesses, governments and other organizations. The report
highlights the successes of Dow’s commitment to redefine the role
of business at its intersection with society.
“Our 2025 Sustainability Goals are designed to do nothing less
than help redefine the role of business in society,” said Andrew
Liveris, chairman and chief executive officer. “By driving
unprecedented collaborations, Dow is leading the way in developing
societal blueprints that will advance the transition to a more
sustainable society and a path to a better, more resilient and more
profitable way of doing business.”
Dow’s 2025 Sustainability Goals serve as the next chapter in the
Company’s sustainability journey, in which it will take a
leadership role in developing societal blueprints that integrate
public policy solutions, science and technology, and value chain
innovation to facilitate the transition to a more sustainable
planet and society. Overall, in the first full year of Dow’s
10-year effort, Dow has already made exciting gains: piloting new
business models to rethink waste, developing tools to recognize how
natural ecosystems provide business value, and developing
blueprints for low-carbon and livable cities.
“Our 2025 Sustainability Goals harness Dow’s innovation
strengths, global reach and the passion of our employees,” said
Neil Hawkins, chief sustainability officer and corporate vice
president, environment, health and safety. “These 10-year goals
will deliver long-term value to Dow and sustainable, global
solutions for our customers and society.”
Just a few goal achievements from Dow’s first year:
Leading the Blueprint: 100 dialogue sessions conducted.
On track for having the first societal blueprint draft by the end
of 2017.
Delivering Breakthrough Innovations: Implemented a new
generation of Sustainable Chemistry Index and developed
business-specific 2025 Sustainability Goals.
Advancing a Circular Economy: 20 projects in progress,
including the Hefty® Energy Bag Project – a unique program designed
to convert previously non-recycled plastics into energy – and our
support to ongoing research with Ocean Conservancy to reduce marine
debris.
Valuing Nature: Collaborated with The Nature Conservancy
to develop a suite of tools to help businesses place a value on
nature in their decision processes. Identified more than $40
million worth of Valuing Nature Goal projects.
The full 2016 Sustainability Report is available on Dow’s
website.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company is driving innovations that extract value from material,
polymer, chemical and biological science to help address many of
the world's most challenging problems, such as the need for fresh
food, safer and more sustainable transportation, clean water,
energy efficiency, more durable infrastructure, and increasing
agricultural productivity. Dow's integrated, market-driven
portfolio delivers a broad range of technology-based products and
solutions to customers in 175 countries and in high-growth sectors
such as packaging, infrastructure, transportation, consumer care,
electronics, and agriculture. In 2016, Dow had annual sales of $48
billion and employed approximately 56,000 people worldwide. The
Company's more than 7,000 product families are manufactured at 189
sites in 34 countries across the globe. References to "Dow" or the
"Company" mean The Dow Chemical Company and its consolidated
subsidiaries unless otherwise expressly noted. More information
about Dow can be found at www.dow.com.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
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