Dow releases annual Sustainability Report
June 17 2019 - 9:53AM
Business Wire
Details progress toward 2025 Sustainability Goals; accelerates
actions to combat ocean waste
Dow (NYSE: DOW) today released its 2018 Sustainability Report,
which shares its progress against its 2025 Sustainability Goals and
demonstrates its commitment to collaborate with value chain
partners and other stakeholders to find more sustainable ways to do
business. In 2018, the Company generated substantial business value
from its pioneering efforts to incorporate natural capital and
ecosystem services into its decision-making. It also developed and
invested in a series of new global initiatives to keep plastic
waste out of the environment.
“The progress we made in 2018 toward our sustainability goals is
a powerful testament to how we are working across our value chains
with all stakeholders to incorporate their sustainability needs
into our business strategy,” said Jim Fitterling, chief executive
officer of Dow. “I’m proud of our progress and enthusiastic about
the impact we expect to make in the areas that matter to all our
stakeholders and our planet.”
The report shares specific progress on the seven pillars of
Dow’s 2025 Sustainability Goals, including Valuing Nature,
Advancing a Circular Economy, World-Leading Operations Performance,
and Engaging for Impact: Communities, Employees, Customers. Some
notable highlights in the 2018 Sustainability Report include:
Valuing Nature
- More than 25 percent of the way toward
the goal of being the first company to achieve $1 billion in value
primarily through avoided costs from projects that are good for
business and better for ecosystems.
- Conducted 22 business workshops at Dow
sites to help identify future nature projects and educate employees
about how to incorporate the value of nature into business decision
making
Advancing a Circular Economy
- Became a founding investor in Circulate
Capital’s $100 million effort to incubate and finance companies and
infrastructure that prevent waste in oceans.
- Joined the World Economic Forum’s
Global Plastic Action Partnership, designed to bring businesses,
civil society, national and local governments, community groups and
world-class experts together to collaborate on solving plastic
pollution.
- Invested in recycling and waste
management solutions to help advance a circular economy and develop
new commercial recycling business models and growth strategies that
monetize plastics waste recycling streams globally.
- Worked closely with leading
nongovernmental organizations (NGOs), including donating an
additional $1 million to Ocean Conservancy over the next two years,
to support waste collection and recycling solutions in Southeast
Asian countries.
World-Leading Operations Performance
- Reduced exposure to higher-risk
situations by more than 750,000 hours using a wide range of new
technologies for confined space entry, elevated work and industrial
cleaning. Dow leads the industry in using technologies such as
robotics, unmanned aerial vehicles or non-destructive testing to
improve worker safety.
- Reduced its freshwater intake intensity
at water-stressed sites by 13 percent versus the company’s 2015
baseline and by 8 percent versus 2017.
Engaging for Impact: Communities, Employees,
Customers
- Engaged more than 2,300 Science,
Technology, Engineering and Mathematics (STEM) Ambassadors to
support approximately 4,500 teachers, enhancing STEM opportunities
for more than 200,000 students inside and outside the
classroom.
- Through the Dow Business Impact Fund,
invested in seed funding for seven projects in Thailand, Canada,
Jordan, Ethiopia, Brazil and South Africa.
- Donated the equivalent of 10,000 hours
in pro bono consulting through innovative leadership development
programs in which Dow leaders applied their professional skills to
community-based problems. More than 50 Dow leaders from across the
world worked virtually and in-country with 12 NGOs in India, Rwanda
and Senegal.
“We recognize lasting change starts with partnerships,” said
Mary Draves, chief sustainability officer and vice president of
Environmental Health & Safety for Dow. “Guided by our 2025
Sustainability Goals, we continue to use our science, expertise and
global reach to collaborate with other stakeholders to help shape a
more sustainable world.”
Dow has been widely recognized for its sustainability
leadership, including being named to the Dow Jones Sustainability
World Index and the FTSE4Good Index Series, reflecting the
Company’s strong environmental, social and governance practices.
Dow’s Sustainability Report was prepared in accordance with the
Global Reporting Initiative (GRI) Comprehensive Option. GRI is the
most widely used framework for sustainability reporting used by
businesses, governments and other organizations.
To learn more about Dow’s sustainability goals and to view the
entire report, visit:
https://corporate.dow.com/en-us/science-and-sustainability/reporting.
About Dow
Dow (NYSE: DOW) combines one of the broadest technology sets in
the industry with asset integration, focused innovation and global
scale to achieve profitable growth and become the most innovative,
customer centric, inclusive and sustainable materials science
company. Dow’s portfolio of performance materials, industrial
intermediates and plastics businesses delivers a broad range of
differentiated science-based products and solutions for our
customers in high-growth segments, such as packaging,
infrastructure and consumer care. Dow operates
113 manufacturing sites in 31 countries and employs
approximately 37,000 people. Dow delivered pro forma sales of
approximately $50 billion in 2018. References to Dow or the
Company mean Dow Inc. and its subsidiaries. For more information,
please visit www.dow.com or follow @DowNewsroom on Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005510/en/
Ashley Mendoza+1.225.353.1806aemendoza@dow.com
Christy English+1.989.638.4286christy.english@dow.com
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