Extended $30 million in loan guarantees to finance community-based clean water utilities in as many as 2,000 villages in rural India, serving an estimated 11 million people.
- Dow supports numerous charities, both directly and indirectly through the Dow Foundation.
- Dow's philanthropic activities can be found all over the world in areas where Dow employees and customers live and work.
- In 2014, Dow provided support to more than 1,500 charitable organizations around the world.
- In 2014, total philanthropic contributions (Foundation, Company, product and in-kind) totaled $57.4 million dollars with $25.3 from The Dow Chemical Company Foundation, $24.1 million from Company contributions and $8 million in product and in-kind donations.
- In 2013, the Dow Foundation made approximately 40 donations of $100,000 or more…and half of those donations were greater than $200,000.
- Examples include:
- Dow executives and other employees participate in these Company-sponsored civic and charitable activities and many employees sit on the boards of the entities that are the recipients of Dow’s financial support.
- These activities benefit Dow by supporting the communities where we operate and/or have customers – demonstrating the Company’s strategic focus on being a positive and impactful global corporate citizen.
The Hellenic Initiative (THI)
Origin of THI
- The THI charity was started in July 2012 to help Greece recover from its financial crisis and is dedicated to providing assistance to Greece – which was, and continues to be, mired in a deep depression.
- The charity was formed through the efforts of George Stamas, a senior partner at the law firm Kirkland & Ellis, and George David of the Coca-Cola Hellenic Bottling Company.
- THI’s stated mission is a focus on programs that support crisis relief, entrepreneurship and economic development in the region.
- Early contributors to the charity include Andrew Liveris, chairman and chief executive officer of Dow, Muhtar Kent, chairman and chief executive officer of The Coca-Cola Company, and Father Alexander Karloutsos of the Greek Orthodox Archdiocense of America.
- Since its inception, numerous prominent American companies and professional services firms have provided support for the charity.
- In 2013, THI raised approximately $3.462 million in total net unrestricted assets from a wide variety of donors, including major corporations and numerous individuals.
- Donor information is available in THI’s annual report which is available on their website.
Dow’s Involvement with THI
- Dow’s donations to and employee involvement in THI is consistent with the Company’s support of other charities around the world.
- More than one third of Dow’s asset footprint and revenues come from Europe – therefore supporting philanthropic activities that can improve economic development within the region align with Dow’s business priorities.
- In addition to our operations and business presence in the region – Greece has widely been recognized on the global stage as an important barometer for macroeconomic conditions across Europe.
- The economic landscape in Greece has been and continues to be a topic of high global and regional concern…and from a Dow perspective, not only do our interests intersect because of the impact on the overall European economy, but we also have assets, employees and customers in Greece.
- Dow has a proud history in Greece extending more than 50 years from when we established our first European polystyrene manufacturing site.
- Dow’s donations to THI are comparable in both amount and philosophy to the support we provide to other communities and non-profit organizations.
- Dow contributions to THI were $200,000 in 2013 and $100,000 in 2014.
The Prinkipos World Environmental Center
- The Prinkipos World Environmental Center aims to develop and catalyze the implementation of multidisciplinary solutions to pressing environmental issues, initially focusing in the Eastern Mediterranean and Black Sea regions, but also in the war-torn regions of the Middle East and throughout the world.
- The project includes a number of business leaders, including Muhtar Kent, CEO of Coca-Cola, Andrew Liveris, George Logothetis, chairman and CEO of the Libra Group, and others.
- Dow has assets, employees and customers in Turkey, including the joint venture – DowAksa – which manufactures and commercializes carbon fiber and derivatives.
- The DowAksa joint venture was formed in 2012 and produces and markets carbon fiber and carbon fiber intermediates and high quality composite materials – extremely valuable for downstream high-tech manufacturing.
Clinton Global Initiative (CGI)
- Dow participation and engagement with CGI is well aligned to the Company’s core business and citizenship strategies and has positively leveraged the resources and capabilities of the Company.
- In 2005, Dow established its 2005-2015 Sustainability Goals, including a goal focused on “Breakthroughs to World Challenges,” designed to provide significant advancement in water, food/agriculture, housing, health and climate change challenges the world is facing.
- The Clinton Global Initiative (CGI) provides a unique platform to convene thought leaders to collaborate on innovative solutions to the world's most vexing problems. Participants in CGI include leading CEOs, heads of State, academia, charitable foundations, major philanthropists, and NGOs.
- A differentiating aspect of CGI is its membership requirement for a “Commitment to Action,” which are projects, programs or initiatives addressing a significant global challenge.
- Commitments are independent of CGI, with several commitments driving positive and valuable cross-sector partnerships, with members combining efforts to expand their impact.
- The CGI community has made more than 3,200 commitments, improving the lives of more than 430 million people in more than 180 countries.
- Specific commitment requirements by each CGI member are well aligned to Dow’s historic and ongoing strategic intent to utilize the power of chemistry, science and technology to help solve the formidable challenges of the world.
- A number of senior Dow executives and other employees have directly participated in CGI events and committees to share their expertise, communicate progress on “Commitment to Action” projects and learn of other best practices…including not only Dow’s CEO, but also its Manufacturing Vice President, Chief Medical Officer, various business Vice Presidents, Chief Sustainability Officer, Global Director of Corporate Citizenship and others.
- Dow has been a CGI member and sponsor of the Annual Meeting, CGI America conferences, and the 2013 CGI International-Brazil meeting.
Examples of Dow’s “Commitment to Action” Initiatives:
The Dow Live Earth Run for Water (2009)
Helped raise awareness of the global water crisis through funding and partnership with Live Earth by hosting a single-day event that was the largest solutions-based initiative in history aimed at solving the world’s water crisis.
Stepping Up STEM for Students, Teachers, and Jobs (2011)
Supported several STEM-focused projects including the Chemical Education Foundation’s “You Be The Chemist Challenge,” the National Science Teacher Association’s New Science Teacher Academy, and the partnership with the Louisiana Community and Technical College Foundation and the Iberville Parish School Board.
Partnership to Scale Enterprises Serving the Poor in Africa (2012)
Acumen, a venture philanthropy firm and Dow committed to combining their strengths in order to catalyze the expansion of social enterprises serving the poor, with a focus on East and West Africa over a five year period. This partnership aims to accelerate the development and distribution of products and services in the agriculture, water and sanitation, and energy sectors through funding and technical assistance to social enterprises within Acumen's portfolio. This commitment represents a new model of cross-sector engagement, where social enterprises will receive technical assistance, resources and in-kind contributions of time and expertise from Dow, while Dow will gain practical insights into opportunities to better serve low-income consumers in key markets through collaboration with local entrepreneurs.
Teneo Holdings (Teneo)
- Dow began working with Teneo Holdings in 2011.
- Teneo provides advice, consultation and implementation on several key business operations including corporate governance, financial analytics, geopolitical issues, reputation enhancement, investor engagement, strategic communications, and legislative, regulatory, political and policy matters.
- Teneo’s work scope is consistent with dow’s strategic objectives and managed through dow’s supplier management process administered by the purchasing department.
- The breadth and scope of Teneo’s current support is the result of an agency consolidation and contract renegotiation program across dow’s global public & government affairs organization in 2009 and 2010 designed to enhance levels of service, leverage knowledge and drive efficiencies globally.
- The program resulted in the consolidation and streamlining of paid consultants and suppliers by more than 40 percent, creating cost reductions and enhancing synergies and the quality of service provided.
- As a result, projects supported by several agencies were transitioned to Teneo, expanding Teneo’s contract and work statement.
- Dow’s supplier contract with Teneo is reviewed annually based on business need and is negotiated and finalized by the purchasing department.