Climate Change Data

Dow

Climate Impact & Sustainability Data (2015, 2016, 2017, 2020, 2021, 2022, 2023, 2024-Q1)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:24.6 million metric tons CO2e/year
Scope 1 Emissions:24.6 million metric tons CO2e/year
Scope 2 Emissions:7.6 million metric tons CO2e/year
Scope 3 Emissions:48.8 million metric tons CO2e/year
Renewable Energy Share:8%
Total Energy Consumption:532 trillion BTUs/year
Water Consumption:2,960 million cubic meters/year
Waste Generated:1.44 million metric tons/year
Carbon Intensity:0.719 metric tons CO2e per pound of production

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Water Stewardship
  • Waste Reduction
  • Product Safety
  • Community Engagement
  • Employee Safety
  • Sustainable Chemistry
  • Biodiversity
  • Human Rights
  • Supply Chain Sustainability
  • Governance

Environmental Achievements

  • Reduced GHG emissions by 27% since 2006 (75 million metric tons avoided)
  • Reduced energy intensity by 1.2% (continuing efforts)
  • Reduced hazardous material transportation spills by 64% since 2005
  • Reduced highly hazardous material tonne-miles by 58%
  • Reduced Loss of Primary Containment (LOPC) incidents by 88% since 2005
  • 25% of sales from products highly advantaged by sustainable chemistry ($12.4 Billion)
  • 545 MW of clean power capacity (8% of total steam and electricity use)

Social Achievements

  • Average Community Acceptance Ratings increased by 25 percent
  • More than 1,500 fewer injuries and illnesses since 2005
  • More than 11,000 fewer spills since 2005
  • 400 fewer process safety incidents since 2005
  • Improved employee safety with a record low injury and illness rate of 0.16

Governance Achievements

  • Completed split-off of chlorine value chain to Olin Corporation
  • Became 100% owner of Dow Corning
  • Announced merger of equals with DuPont
  • Received 100% disclosure score from CDP for climate change reporting

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce freshwater intake intensity and waste intensity by 20%
  • Obtain 750 MW of power demand from renewable sources
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Global economic considerations and market competition
  • Availability and volatility of raw material and energy costs
  • Increased concerns regarding chemical safety and environmental impact
  • Climate change (regulatory changes, physical risks, and opportunities)
  • Water scarcity at key sites
Mitigation Strategies
  • Investing in advantaged feedstocks (U.S. Gulf Coast and Middle East)
  • Focusing on high-value markets
  • Implementing a comprehensive risk characterization process
  • Incorporating a carbon price into business planning
  • Implementing energy efficiency programs and GHG management efforts
  • Developing alternative sourcing strategies
  • Implementing water recycling programs and partnerships

Supply Chain Management

Supplier Audits: 100% of new suppliers screened; periodic reassessments based on risk

Responsible Procurement
  • Code of Conduct for Suppliers
  • Sustainable procurement practices
  • Responsible Care® principles

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events impacting Gulf Coast operations
Transition Risks
  • Regulatory changes, market shifts towards renewable energy
Opportunities
  • Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: GRI G4

Certifications: Responsible Care®

Third-party Assurance: ERM CVS

UN Sustainable Development Goals

  • Goal 3 (Good Health and Well-being)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 13 (Climate Action)
  • Goal 15 (Life on Land)

Dow's initiatives contribute to these goals through product innovations, operational improvements, and community engagement

Sustainable Products & Innovation

  • FILMTEC™ ECO Membrane Modules
  • BETAMATE™ Structural Adhesives
  • STYROFOAM™ insulation
  • DOWTHERM™ A heat transfer fluids
  • DOW POWERHOUSE™ Solar Shingle
  • IntegraFlux™ Ultrafiltration Modules

Awards & Recognition

  • Dow Jones Sustainability World Index (15 times)
  • CDP Climate Disclosure Leadership Index
  • Numerous R&D 100 Awards, Edison Awards, etc.

Reporting Period: 2016

Environmental Metrics

Total Carbon Emissions:25.6 million metric tons CO2e
Scope 1 Emissions:25.5 million metric tons CO2e
Scope 2 Emissions:9.8 million metric tons CO2e
Scope 3 Emissions:33.9 million metric tons CO2e
Renewable Energy Share:Approximately 9% of purchased electricity
Total Energy Consumption:638 million GJ
Water Consumption:3,060 million cubic meters
Waste Generated:1.64 million metric tons
Carbon Intensity:0.751 metric tons CO2e per unit of production in 2016.

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Valuing Nature
  • Chemical Technology Safety
  • Employee Engagement
  • Operational Performance
  • Community Engagement

Environmental Achievements

  • Reduced GHG emissions intensity by 9% since 2005; maintained GHG emissions below 2006 levels on an absolute basis.
  • Reduced freshwater intake intensity at key water-stressed sites.
  • Reduced energy intensity by more than 40 percent since 1990.
  • Diverted up to 36 tons of waste from landfills through the Hefty® Energy Bag program.
  • Recycled or reused more than 73,000 containers, saving 2 million pounds of CO2 equivalents and more than 6 million pounds of freshwater usage.
  • Reduced SOx emissions by 36% since 2005.
  • Reduced VOC emissions by 36% since 2005.
  • Reduced chemical emissions by 36% since 2005.

Social Achievements

  • Positively impacted more than 2.25 million people worldwide through 1,525 projects involving more than 15,000 volunteers.
  • Established five Regional Impact Teams to further accelerate community engagement.
  • Implemented Project SEARCH, a program providing workplace immersion for transitioning students with moderate developmental disabilities.
  • Supported career development for 304 female and minority employees through the Sponsor to Success Program.
  • Offered a mentoring program connecting internal mentors with external talent.
  • Enhanced Global Parental Leave Policy to provide greater flexibility and work-life balance.

Governance Achievements

  • No significant difference in pay between genders or between U.S. minorities and non-minorities.
  • Signed the White House Equal Pay Pledge.
  • Implemented an Executive Compensation Recovery Policy (clawback).

Climate Goals & Targets

Long-term Goals:
  • Maintain GHG emissions below 2006 levels on an absolute basis for all GHGs by 2025.
Medium-term Goals:
  • Obtain 750 MW of power demand from renewable sources by 2025.
  • Achieve a 50 percent improvement in the Transportation Stewardship Index by 2025.
Short-term Goals:
  • Reduce freshwater intake intensity by 20% at key water-stressed sites by 2025.
  • Reduce the number of Level 1 and Level 2 Process Safety Containment Events by more than 80 percent from 2015 baseline by 2025.

Environmental Challenges

  • Severe weather events impacting U.S. Gulf Coast operations.
  • Availability and volatility of purchased feedstocks and energy costs.
  • Increased concerns regarding the safe use of chemicals.
  • Potential impact of climate change on operations and supply chains.
  • Regulatory changes related to GHG emissions and chemical safety.
  • Integration of Dow Corning's data into Dow's 2025 Sustainability Goals.
Mitigation Strategies
  • Engineered facilities to better withstand severe weather events.
  • Developed emergency preparedness plans for severe weather.
  • Investments in U.S. Gulf Coast to take advantage of low-cost natural gas.
  • Science-based risk assessment and management processes.
  • Product stewardship programs to ensure safe and responsible chemical management.
  • Incorporating a carbon price into business planning and risk management strategies.
  • Developing solutions for climate adaptation.
  • Developing predictive toxicology approaches for safe and sustainable chemistry development.

Supply Chain Management

Supplier Audits: Regular EH&S audits of external manufacturers and logistics service providers.

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainability requirements for suppliers
  • Supplier diversity initiatives

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events
  • Rising sea levels
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and solutions
  • Climate adaptation markets

Reporting Standards

Frameworks Used: GRI Standards Comprehensive option, UN Global Compact Communication on Progress

Certifications: Null

Third-party Assurance: ERM Certification and Verification Services (ERM CVS)

UN Sustainable Development Goals

  • Goal 2: Zero Hunger
  • Goal 6: Clean Water and Sanitation
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 12: Responsible Consumption and Production

Dow's 2025 Sustainability Goals address all SDGs, with particular focus on these four.

Sustainable Products & Innovation

  • FILMTEC™ ECO Membrane Modules
  • STYROFOAM™ insulation
  • DOWTHERM™ A heat transfer fluids
  • BLUEDGE™ Polymeric Flame Retardant Technology

Awards & Recognition

  • U.S. Water Prize
  • Sustainability Awards from Business Intelligence Group
  • Working Mother 100 Best Companies
  • R&D 100 Awards
  • OUTstanding Leading LGBT & Ally Executives awards
  • Best Companies for Leaders by Chief Executive magazine
  • Forbes’ “JUST 100” list
  • Top Company to Work for in Mexico
  • SCI Gordon E. Moore Medal
  • SCI Perkin Medal
  • Forbes Best Companies to Work for in America
  • Best Place to Work for LGBT employees
  • ICIS Company of the Year
  • Texas Environmental Excellence Award

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:107.4 million metric tons CO2e
Scope 1 Emissions:25.8 million metric tons CO2e
Scope 2 Emissions:8.8 million metric tons CO2e
Scope 3 Emissions:75.7 million metric tons CO2e
Renewable Energy Share:9.5%
Water Consumption:3151 million cubic meters
Waste Generated:1.73 million metric tons
Carbon Intensity:Total GHG intensity down by 3% from 2016.

ESG Focus Areas

  • Climate Change
  • Energy
  • Water
  • Waste
  • Safety
  • Inclusion & Diversity
  • Circular Economy
  • Community Engagement
  • Supplier Sustainability
  • Human Rights
  • Governance

Environmental Achievements

  • Reduced equivalent tons of CO2 emitted by 10% at Texas City site.
  • Generated $120 million in cost savings or new cash flow through projects that were good for business and better for ecosystems.
  • Eliminated 30 Priority 1 health risks, exceeding its 2017 target of 25 reductions.
  • Reduced Scope 1 GHG emissions since 2006, remaining stable more recently due to offsetting reductions.
  • Reduced Scope 2 GHG emissions since 2006 through renewable energy contracts.
  • Reduced ozone-depleting emissions by 96% since 2005.
  • Reduced NOx emissions by 23% since 2005.
  • Reduced VOC emissions by 8% compared to 2015 baseline.
  • Reduced chemical emissions to air and water by 36% compared to 2005.
  • Increased recycled water use by 13% at Tarragona site since 2015.
  • Reduced freshwater intake intensity at key water-stressed sites by 5% from 2015 baseline.

Social Achievements

  • Appointed first-ever chief inclusion officer.
  • Launched Product Stewardship Academy in Kenya, Nigeria, and Ghana.
  • Received LAUNCH Chemistry Award for predictive safety assessment tools.
  • More than 3,000 STEM Ambassadors supported more than 2,500 teachers and 700 projects – enhancing STEM opportunities for more than 380,000 students.
  • Dow Business Impact Fund provided nearly $1 million in support of six global projects.
  • Invested $39.74 million in corporate and foundation contributions, driving employee, customer and community engagement.
  • Launched DowCorps Volunteer Portal.
  • Launched We Are Innovators campaign with WE organization.
  • Achieved Gold level recognition in the AHA Workplace Health Achievement Index.
  • Launched U.S. Apprenticeship Program with over 100 apprentices.

Governance Achievements

  • Refreshed Supplier Code of Conduct to include supplier diversity.
  • Implemented Universal Packaging Specification System (UPSS).
  • Maintained “Gold” status on EcoVadis platform for fourth consecutive year.
  • No significant difference in base pay, performance award, or long-term incentives between genders or between U.S. minorities and non-minorities in 2016 pay equity study.

Climate Goals & Targets

Long-term Goals:
  • Absolute greenhouse gas emissions will not exceed 2006 baseline by 2025.
Medium-term Goals:
  • Reduce freshwater intake intensity by 20% at key water-stressed sites by 2025.
  • Obtain 750 MW of power demand from renewable sources by 2025.
  • Reduce Level 1 and Level 2 Process Safety Containment Events by more than 80% from 2015 baseline by 2025.
  • Achieve a 50% improvement in the Transportation Stewardship Index by 2025.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain disruptions due to major hurricanes.
  • Volatility in feedstock and energy costs.
  • Evolving environmental regulations.
  • Concerns regarding chemical safety and environmental impact.
  • Security concerns related to chemical production and distribution.
  • Water supply issues at certain sites due to drought.
  • Need to improve data collection and reporting for certain metrics.
Mitigation Strategies
  • Engineered facilities to better withstand severe weather events.
  • Implemented feedstock flexibility and financial and physical hedging programs.
  • Actively managing and reducing environmental impact through various initiatives.
  • Implementing new technologies to remove workers from higher-hazard activities.
  • Robust risk management programs and processes.
  • Implementing water recycling and reuse projects.
  • Developing more robust data collection and reporting systems.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct; Supplier Diversity initiative; Green Transportation Initiative.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events (hurricanes); rising sea levels.
Transition Risks
  • Increased pricing of GHG emissions; tighter limits on GHG emissions; taxes on GHG emissions, fuel and energy.
Opportunities
  • Development of energy-efficient products; climate adaptation markets; participation in carbon market.

Reporting Standards

Frameworks Used: GRI Standards Comprehensive option, UN Global Compact

Certifications: ISO 14001

Third-party Assurance: ERM Certification and Verification Services

UN Sustainable Development Goals

  • All 17 UN Sustainable Development Goals

Dow's 2025 Sustainability Goals address all 17 SDGs.

Sustainable Products & Innovation

  • ROPAQUE™ NT-2900 Opaque Polymer for BLUE 4EST™ Thermal Paper; FILMTEC™ ECO Membrane Modules; STYROFOAM™ insulation; DOWTHERM™ heat transfer fluids; DOWSIL ™ EasyRinse technology.

Awards & Recognition

  • U.S. EPA Presidential Green Chemistry Challenge Award; R&D 100 Awards; EPA Safer Choice Partner of the Year Award; Environmental Leader’s Project of the Year award; Texas Environmental Excellence Award; TRANSCAER National Achievement Award; various other awards.

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:34.7 million metric tons of CO2e
Scope 1 Emissions:28.2 million metric tons CO2e
Scope 2 Emissions:6.56 million metric tons CO2e (market-based)
Scope 3 Emissions:69.3 million metric tons CO2e
Renewable Energy Share:>800 MW (surpassing 2025 goal of 750 MW)
Total Energy Consumption:645.8 Million GJ
Water Consumption:3,099 million metric tons
Waste Generated:1.39 million metric tons
Carbon Intensity:0.554 lb of CO2e per lb of production in 2020

ESG Focus Areas

  • Environmental Protection
  • Inclusion & Diversity
  • Community
  • Governance

Environmental Achievements

  • Reached the midpoint of our “Valuing Nature” Goal, achieving $530 million in savings toward our $1 billion target of finding economic value in nature-related projects that are both good for business and for ecosystems.
  • Tripled sales of product made with renewable biobased feedstock.
  • Increased agreements to purchase cost-competitive renewable energy.
  • Investing in technologies that can help provide a path to decarbonization, such as electric cracking technology.
  • Exceeded our 2025 target to demonstrate a 50% improvement in our Transportation Stewardship Index.
  • Increased our Environmental Stewardship Index by 20 percentage points over 2019.

Social Achievements

  • Launched Dow ACTs, a holistic framework to address systemic racism and racial inequality by committing to actions in the areas of Advocacy, Community engagement and our own Talent pipeline. In total, we have committed more than $10 million over the next five years.
  • Achieved highest-ever overall employee satisfaction.
  • Moved up 15 places to #22 on DiversityInc’s Top 50 Companies for Diversity list.
  • Welcomed additional diverse talent into key director roles as part of our board refreshment strategy.
  • Contributed nearly $34 million to communities worldwide to address key needs such as building inclusion in our communities, STEM programming, sustainable business development and disaster relief.
  • Redesigned our 2020 annual Performance Award bonus program to include new ESG metrics.

Governance Achievements

  • Refreshed our Board of Directors with an emphasis on diverse thought and experience.
  • Set aggressive ESG targets.
  • Reinforced accountability and transparency across the company by adding ESG metrics to our Executive Compensation and employee Performance Award programs.

Climate Goals & Targets

Long-term Goals:
  • Enable 100% of Dow products sold into packaging applications to be reusable or recyclable by 2035.
Medium-term Goals:
  • Enable 1 million metric tons of plastic to be collected, reused or recycled by 2030.
  • Achieve carbon neutrality by 2050.
Short-term Goals:
  • Reduce net annual carbon emissions by 5 million metric tons by 2030 (15% reduction).

Environmental Challenges

  • Climate change and plastic waste.
  • Supply chain disruptions due to COVID-19.
  • Systemic racism and racial inequality.
Mitigation Strategies
  • Developed new long-term targets that will help us lead our industry toward carbon neutrality and a world without plastic waste.
  • Launched Dow ACTs program.
  • Implemented energy efficiency and GHG emissions optimization projects.
  • Expanded access to renewable power.
  • Collaborated with industry associations to support regulatory measures to address climate change.
  • Proactively incorporates a carbon emissions price into business planning and risk management strategies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Dow Code of Conduct
  • Code of Business Conduct for Suppliers
  • Sustainable Procurement Strategy

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events
  • Water stress
Transition Risks
  • Regulatory changes focused on energy and emissions
Opportunities
  • Development of low-emissions goods and services
  • Low-carbon technologies

Reporting Standards

Frameworks Used: GRI Standards Comprehensive option, SASB Standards, TCFD, WEF Stakeholder Capitalism Metrics

Certifications: ISO 14001, ISO 9001, Responsible Care®

Third-party Assurance: Deloitte & Touche LLP (review engagement)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • ECOFAST™ Pure Sustainable Textile Treatment
  • SunSpheres™ BIO SPF Booster
  • RENUVA™ Mattress Recycling Program
  • REVOLOOP™ post-consumer recycled plastics
  • ECOSURF™ Surfactants

Awards & Recognition

  • Five R&D 100 Awards
  • Two Sustainability Product of the Year awards
  • National Safety Council Green Cross for Safety® Innovation Award
  • Three American Chemistry Council Responsible Care® Awards
  • Four Edison Awards
  • Chemical Week’s Best Sustainable Product Award
  • BIG Sustainability Initiative of the Year

Reporting Period: 2021

Environmental Metrics

Scope 1 Emissions:28.29 Million Metric Tons CO2e
Scope 2 Emissions:5.68 Million Metric Tons CO2e (market-based)
Scope 3 Emissions:77.64 Million Metric Tons CO2e
Renewable Energy Share:Over 25% of purchased electricity
Total Energy Consumption:638.67 Million GJ (using old method)
Water Consumption:2,951,786 Megaliters
Waste Generated:2.985 Million Metric Tons
Carbon Intensity:0.533 Metric Tons CO2e/Metric Tons of Production

ESG Focus Areas

  • Environmental Performance
  • Inclusion, Diversity & Equity
  • Community
  • Corporate Governance

Environmental Achievements

  • Reduced net annual Scope 1 and 2 carbon emissions by approximately 2 million metric tons per year while growing underlying earnings by an estimated $2 billion by 2025.
  • Expanded access to renewable power to more than 900 megawatts.
  • Enabled the collection, reuse or recycling of 23,000 metric tons of plastic waste.
  • 85% of products sold into packaging applications are reusable or recyclable.

Social Achievements

  • Introduced new global paid time-off policies providing equal opportunity for parental leave.
  • Nearly 100% of People Leaders and more than 50% of global employees participated in ERGs.
  • Supply Chain Diversity Program led to more than $1.74 billion in spend with small and diverse suppliers and delivered over $15 million in EBIT.

Governance Achievements

  • Elected three new directors in 2021 and 2022.
  • Modified Annual Performance Award and Executive Compensation Program metrics to include ESG components.

Climate Goals & Targets

Long-term Goals:
  • Be carbon neutral (Scopes 1 + 2 + 3 plus product benefits) by 2050.
  • Enable 100% of Dow products sold into packaging applications to be reusable or recyclable by 2035.
Medium-term Goals:
  • Reduce net annual carbon emissions by 5 million metric tons by 2030.
  • Achieve 750 MW of power demand from renewable sources by 2025.
  • Enable 1 million metric tons of plastic to be collected, reused or recycled annually by 2030.
Short-term Goals:
  • Reduce freshwater intensity at key water-stressed sites by 20% by 2025.
  • Reduce CO2 emissions by approximately 2 million metric tons per year while growing underlying earnings by an estimated $2 billion by 2025.

Environmental Challenges

  • Supply chain disruptions due to significant weather events and the availability of both raw materials and logistics.
  • Scope 3 emissions representing approximately 70% of total emissions.
  • Complexity of water systems across facilities and performing water measurements.
  • High costs associated with aging infrastructure.
Mitigation Strategies
  • Partnered with CDP to collect climate data from approximately 100 suppliers.
  • Developed the Transportation Carbon Footprint Tracker.
  • Implemented water conservation projects and technologies.
  • Collaborated with customers to drive innovation around water-saving technologies.
  • Investing in advanced recycling technologies.

Supply Chain Management

Supplier Audits: 105 suppliers assessed on climate change issues (representing 31% of 2020 spend)

Responsible Procurement
  • Supplier Code of Conduct
  • ESG criteria to be used for all sourcing decisions in 2022

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events
  • Changes in precipitation patterns
Transition Risks
  • Carbon pricing mechanisms
  • Regulatory changes
Opportunities
  • Resource efficiency gains
  • Development of carbon-advantaged products and technologies

Reporting Standards

Frameworks Used: GRI Standards Comprehensive option, Greenhouse Gas (GHG) Protocol, Task Force on Climate-related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), World Economic Forum (WEF) Stakeholder Capitalism Metrics, UN Global Compact

Certifications: ISO 14001-2015

Third-party Assurance: Deloitte & Touche LLP

UN Sustainable Development Goals

  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through various programs and targets.

Sustainable Products & Innovation

  • REVOLOOP™ recycled plastics resins
  • AFFINITY™ RE bio-based polyolefin elastomers
  • ECOLIBRIUM™ technology
  • ECOFAST™ Pure Sustainable Textile Treatment

Awards & Recognition

  • Two R&D 100 Awards
  • SEAL Award
  • American Heart Association gold-level recognition
  • American Chemistry Council Responsible Care® Employee of the Year Award
  • China Women’s Empowerment Principles’ Award

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:27.29 million metric tons CO2e
Scope 2 Emissions:4.19 million metric tons CO2e (market-based)
Scope 3 Emissions:80.55 million metric tons CO2e
Renewable Energy Share:>40%
Total Energy Consumption:564.49 million GJ
Water Consumption:2,876,422 megaliters
Waste Generated:1.11 million metric tons
Carbon Intensity:0.53 metric tons CO2e/metric ton of production

ESG Focus Areas

  • Climate Protection
  • Circular Economy
  • Safer Materials
  • Inclusion, Diversity & Equity
  • Community

Environmental Achievements

  • Reduced carbon emissions by 15% between 2005-2020 while growing product volume by 30%
  • Achieved additional milestones in building the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site at Fort Saskatchewan, Canada
  • Commissioned UNIFINITY™ fluidized catalytic dehydrogenation (FCDh) pilot plant in Louisiana, lowering greenhouse gas emissions up to 20% compared to conventional units
  • Expanded "Stop the Waste" sustainability target to "Transform the Waste," committing to commercialize 3 million metric tons of circular and renewable solutions annually by 2030
  • Partnered with Mura Technology to construct multiple advanced recycling facilities, adding up to 600 kilotons of annual recycling capacity by 2030
  • Enabled 87% of packaging applications sold to be recyclable or reusable in 2022

Social Achievements

  • 57.3% of employees participated in at least one of the 10 employee resource groups (ERGs), with ERG participants reporting 13 percentage points higher overall satisfaction than non-participants
  • Provided scholarships to 20 students at historically Black colleges and universities and hired 250 people and promoted 60 into family-sustaining jobs through partnership with OneTen
  • Introduced a Well-Being Portal used by over 25,000 employees, with improvements reported in exercise, productivity, and stress reduction
  • Contributed $37.3 million in corporate, Dow Foundation, and in-kind investments aligned to global citizenship priorities
  • Achieved 50-year best performance in safety with a fatality-free year

Governance Achievements

  • Added oversight of environmental, social, and governance goals within Board Committee charters
  • Continued focus on Board succession planning and refreshment, electing one new Director and outpacing the S&P 500 for board diversity
  • Added a quantifiable greenhouse gas (GHG) emissions reduction metric to long-term compensation metrics

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality (Scopes 1+2+3 plus product benefits) by 2050
Medium-term Goals:
  • Reduce net annual carbon emissions by 5 million metric tons versus 2020 baseline (15% reduction) or by 30% since 2005 by 2030
  • Commercialize 3 million metric tons of circular and renewable solutions annually by 2030
  • Close the loop by enabling 100% of packaging applications sold to be recyclable or reusable by 2035
Short-term Goals:
  • Reduce carbon emissions by 2 million metric tons versus 2020 baseline by 2025
  • Reduce freshwater intake intensity by 20% by 2025 at six key water-stressed sites

Environmental Challenges

  • Droughts impacting water availability and quality at three key water-stressed sites
  • Supply chain disruptions
  • Scope 3 emissions accounting complexity
  • Single-use plastics bans
Mitigation Strategies
  • Implementing projects to increase water circularity and improve water quality (AquaSpice project)
  • Collaborating with customers and communities to improve water quality and access
  • Investing in projects to reduce financial risk tied to water (reservoir capacity expansion)
  • Improving Scope 3 data accuracy by leveraging internal data, supplier carbon-intensity data, and streamlining calculation processes
  • Encouraging supplier transparency on carbon emissions and climate strategy
  • Creating an internal Scope 3 dashboard to facilitate data-driven improvement planning
  • Developing a new business platform, Circular & Renewable Solutions (C&RS), to accelerate circular economy initiatives

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of Business Conduct for Suppliers
  • Sustainability requirements embedded in procurement processes
  • Collaboration with TfS and EcoVadis

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Growth in circular economy solutions

Reporting Standards

Frameworks Used: GRI, GHG Protocol, TCFD, SASB, WEF Stakeholder Capitalism Metrics

Certifications: ISCC PLUS (nine manufacturing facilities), Operation Clean Sweep® Blue certified, Responsible Care®

Third-party Assurance: Deloitte & Touche LLP (limited assurance)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 17 (Partnerships for the Goals)

Dow's initiatives contribute to these goals through decarbonization efforts, water stewardship, circular economy initiatives, job creation, and collaborative partnerships

Sustainable Products & Innovation

  • REVOLOOP™ recycled plastics resins
  • ENGAGE™ REN bio-based POEs
  • VORATRON™ MA 8200S high-bonding adhesives
  • Dow Carbon-Neutral Silicone Service for Building Façades

Awards & Recognition

  • Edison Awards
  • R&D 100 Awards
  • BIG Innovation Awards
  • CDP Global Supplier Engagement Leader
  • DiversityInc Top 50 Companies for Diversity
  • Great Place to Work®
  • Fortune 100 Best Companies to Work For

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:644 kT CO2 (2020 baseline), reduced by 58 kT between 2020-2023
Waste Generated:Over 136.5 tons/year collected and sorted

ESG Focus Areas

  • Climate Change
  • Waste Management and Circular Economy
  • Inclusion, Diversity, and Equity (ID&E)
  • Community Engagement
  • Sustainable Products
  • Governance

Environmental Achievements

  • Reduced ~2,700 metric tons of CO2 Emission from Siam Polyethylene Plant
  • Reduced ~28,900 metric tons of CO2 Emission from Propylene Glycol Plant
  • Reduced ~200 metric tons of CO2 Emission from Polyol & Formulated Polyol Plant
  • 31,000 mangrove trees planted
  • Over 136.5 tons of waste collected and sorted
  • Building Thailand’s 1st MRF for plastic circularity with a capacity of 1,000 – 1,200 tons per year

Social Achievements

  • 92% overall satisfaction with Dow Thailand's CSR programs and an 89% community satisfaction index
  • Community projects and activities benefited 102,500 people
  • Zero LIFE and LIFE-potential-altering health incidents for 4,673 days
  • 65 students received internship opportunities

Governance Achievements

  • Certified as a Great Place to Work®
  • Received numerous awards including AMCHAM Corporate Social Impact Awards (Platinum Level) and Good Governance Award for Environmental and Safety Excellence

Climate Goals & Targets

Long-term Goals:
  • By 2050, be carbon neutral
Medium-term Goals:
  • By 2030, reduce net annual carbon emissions by 5 million metric tons versus 2020 baseline (15% reduction)
  • By 2030, transform 3 million metric tons of circular and renewable solutions annually
Short-term Goals:
  • Smart Recycling Hub project to recover 50,000 tons/year of high-quality plastic feedstock by 2026

Environmental Challenges

  • Plastic waste management in Thailand
  • Reducing greenhouse gas emissions
Mitigation Strategies
  • Smart Recycling Hub project aiming to recover 50,000 tons/year of high-quality plastic feedstock by 2026
  • Implementing various measures to reduce carbon emissions across operations and product portfolios
  • Partnerships with public and private sectors to build a circular economy for plastics

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: Great Place to Work®, Eco Factory Certification

Sustainable Products & Innovation

  • Diamondlock™ Polyurethane adhesive
  • BETAFOAM™ Acoustical Foam Systems
  • Recyclable laminate toothpaste
  • Liquid Applied Sound Damping –LASD
  • ECOGROUND™
  • Food packaging designed for recyclability
  • SURLYN™ for LVMH Beauty
  • Sustainable Cosmetics

Awards & Recognition

  • 2022 Good Governance Award
  • 2023 AMCHAM Corporate Social Impact Awards (Platinum Level)
  • Royal Plaque of Honor
  • Climate Action Leading Organization (CALO) award

Reporting Period: 2024-Q1

Environmental Metrics

ESG Focus Areas

  • Decarbonization
  • Circular Economy
  • Sustainable Mobility
  • Diversity & Inclusion
  • Wetland Conservation

Environmental Achievements

  • Dow is collaborating with the U.S. Department of Energy (DOE) to establish a world-scale carbonate solvents production facility that will capture more than 90% of the carbon dioxide from the ethylene oxide manufacturing process.
  • Dow and Procter & Gamble announced a joint development agreement to create a new recycling technology to convert hard-to-recycle plastic packaging into recycled polyethylene with a low greenhouse gas emissions footprint.
  • Dow launched two new sustainable varieties of propylene glycol (PG) solutions in North America featuring bio-circular and circular feedstocks, certified by ISCC PLUS.

Social Achievements

  • Dow ranked #79 on Fortune's 100 Best Companies to Work For® list, the highest-ranking manufacturing company.
  • Dow announced “Team Dow – The Next Generation,” a sponsorship program supporting four female professional golfers.
  • Dow's board ranks in the top quartile for ethnic diversity among industry peers and nearly 60% of its directors are women or U.S. ethnic minorities.

Governance Achievements

  • Stockholders approved an advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as Dow's independent auditor for 2024.
  • Richard K. Davis re-elected independent lead director.

Climate Goals & Targets

Long-term Goals:
  • Transform the Waste and commercialize three million metric tons of circular and renewable solutions by 2030.
Medium-term Goals:
  • Capture more than $3 billion in underlying earnings improvement annually by 2030.

Environmental Challenges

  • Lower prices impacting operating earnings.
  • Supply chain disruptions (implied by discussion of feedstock costs and outages).
Mitigation Strategies
  • Maintaining pricing and benefiting from lower feedstock and energy costs.
  • High-value organic growth investments and advantaged portfolio position.
  • Investing in new world-scale carbonate solvents facility and recycling technologies.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and processes, such as the carbonate solvents facility.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

Dow's initiatives contribute to these goals through investments in renewable energy, sustainable materials, recycling technologies, and partnerships for conservation.

Sustainable Products & Innovation

  • Carbonate solvents
  • Recycled polyethylene
  • Bio-circular and circular propylene glycol

Awards & Recognition

  • 2024 CIO 100 Award
  • Fortune's 100 Best Companies to Work For®