Dow Launches 2025 Sustainability Goals to Help Redefine the Role of Business in Society
MIDLAND, MI - April 15, 2015
(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.
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.
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