Dow Launches 2025 Sustainability Goals to Help Redefine the Role of Business in Society
April 15 2015 - 09:00AM
Business Wire
The Dow Chemical Company (NYSE: DOW) announced today a strategic
set of commitments designed to redefine the role of business in
society. Dow’s 2025 Sustainability Goals use a global lens to
magnify the Company’s impact around the world, driving
unprecedented collaborations to develop a societal blueprint that
will facilitate the transition to a sustainable planet and society.
Through harnessing Dow’s innovation strengths, global reach, and
dedicated employee population, the Company has set bold and
aggressive sustainability targets designed to develop breakthrough
product innovations, positively impact the lives of 1 billion
people, and deliver $1 billion in cost savings or new cash flow for
the Company by valuing nature in business decisions.
“At Dow, by combining the ‘Human Element’ with our passion for
science – we constantly strive to deliver long-term value with
sustainable, global solutions,” said Andrew N. Liveris, Dow’s
chairman and chief executive officer. “Our 2025 Sustainability
Goals will help redefine the role of business at its intersection
with society. They will be our guide as we work to improve the
well-being of humanity with solutions that are good for business
and good for the world.”
An online discussion between key sustainability stakeholders and
Dow leaders, including Dow Chairman and CEO Andrew N. Liveris, will
be available for viewing at www.DowHangout.com on April 15 from
11:30 a.m. to 12:30 p.m. Eastern. The discussion will be moderated
by Alice Korngold, author and respected sustainability thought
leader.
Dow’s seven 2025 Sustainability Goals are as follows:
Goal 1: Leading the Blueprint – Dow leads in developing a
societal blueprint that integrates public policy solutions, science
and technology and value chain innovation to facilitate the
transition to a sustainable planet and society. To develop the
blueprint, Dow will engage in 100 significant dialogues across the
public and private sector and establish 10 new collaborations. The
initial blueprint will be published year-end 2017 and will be
updated throughout the goal time frame, considering world progress
towards sustainability and emerging challenges.
Goal 2: Delivering Breakthrough Innovations – Dow
delivers breakthrough sustainable chemistry innovations that
advance the well-being of humanity. By 2025, Dow’s product
portfolio will have a six-fold net positive impact on sustainable
development. Dow products will offset three times more carbon
dioxide than they emit throughout their life cycle and save three
times more energy than they use throughout their life cycle.
Goal 3: Advancing a Circular Economy – By 2025, Dow will
work with other industry leaders, non-profit organizations and
governments to deliver six major projects that facilitate the
world’s transition to a circular economy, where waste is designed
into new products and services.
Goal 4: Valuing Nature – Dow applies a business decision
process that values nature, which will deliver business value and
natural capital value through projects that are good for the
Company and good for ecosystems. Dow will generate $1 billion by
2025 in the form of cost savings or new cash flow as measured by
net present value, a measure of future cash flows discounted to the
present day.
Goal 5: Increasing Confidence in Chemical Technology –
Dow increases confidence in the safe use of chemical technology
through transparency, dialogue, unprecedented collaboration,
research and the Company’s actions. By 2025, Dow will work with
non-profit, businesses and government partners to develop new,
cutting-edge predictive modeling capabilities and integrate them
into 100 percent of their new product assessments. They will also
improve on the understanding of chemistry’s potential and will
develop and implement new predictive modeling capabilities.
Goal 6: Engaging Employees for Impact – Dow people
worldwide directly apply their passion and expertise to advance the
well-being of people and the planet. By 2025, Dow employees
worldwide will apply their talents to positively impact the lives
of 1 billion people. Dow employees will give 600,000 hours to
support students and teachers in science, technology, engineering
and math (STEM) education. Dow volunteers will complete 700
sustainability projects around the world.
Goal 7: World-Leading Operations Performance – Dow
maintains world-leading operations performance in natural resource
efficiency, environment, health and safety. By 2025, Dow will
reduce its freshwater intake intensity at key water stressed sites
and its waste intensity footprint by 20 percent. It will also
obtain 400 megawatts of its power demand from renewable sources and
strive to eliminate unplanned safety events.
Dow’s 2025 Goals, the Company’s third set of
sustainability-related Goals since 1995, build upon its previous
decade-long commitments. Dow’s 2005 Environment, Health &
Safety Goals resulted in $5 billion in safety, waste, water and
energy savings after a $1 billion investment. Dow’s 2015
Sustainability Goals provided more sustainable products and
solutions addressing global challenges in food, energy, sustainable
water supplies and improved personal health.
For more information, visit
www.dow.com/sustainability/goals.
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 the
intersection of chemical, physical and biological sciences to help
address many of the world's most challenging problems such as the
need for clean water, clean energy generation and conservation, and
increasing agricultural productivity. Dow's integrated,
market-driven, industry-leading portfolio of specialty chemical,
advanced materials, agrosciences and plastics businesses delivers a
broad range of technology-based products and solutions to customers
in approximately 180 countries and in high-growth sectors such as
packaging, electronics, water, coatings and agriculture. In 2014,
Dow had annual sales of more than $58 billion and employed
approximately 53,000 people worldwide. The Company's more than
6,000 products are manufactured at 201 sites in 35 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
The Dow Chemical CompanyLisa Gill+1 989 636
1231lngill@dow.comorThe Dow Chemical CompanySara Steele+1 202 429
3428smsteele@dow.com
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