The Dow Chemical Company (Dow) released its 2017 Sustainability Report, detailing its progress against its 2025 Sustainability Goals and how Dow employees are helping drive value and deliver transformative and more sustainable ways to do business.
Highlights from the report include: generated $120mn in value for ‘Valuing Nature’ projects; achieved, or exceeded annual targets for ‘World Leading Operations’ indicators; more than 3,000 employees served as STEM ambassadors, enhancing opportunities for more than 380,000 students; 59% of sales were from products that address world challenges; achieved goal of zero serious transportation incidents in 2017; and launched collaborations to combat ocean waste.
“At Dow, we see one role of business as a catalyst for change – as a driver of innovations that improve life and the environment, while creating sustainable economic growth,” said Jim Fitterling, chief executive officer-elect, Dow.
“With our ambitious 2025 Sustainability Goals, we have committed to make a difference and to help redefine the role of business in society. We will continue to drive science- and technology-based solutions for key global challenges such as marine debris, carbon emissions and water availability, collaborating alongside our customers, governments, NGOs and other important stakeholders.”
The report covers a wide range of sustainability-related topics and was prepared in accordance with the Global Reporting Initiative (GRI) Standards Comprehensive Option. GRI is the most widely used framework for sustainability reporting used globally by businesses, governments and other organisations.
“I am excited about our progress against our 2025 Sustainability Goals and how these goals are challenging us to rethink business models and product designs to help achieve shared value for Dow, our environment and society,” said Neil Hawkins, chief sustainability officer and corporate vice president for environment, health and safety, Dow.
“These goals are delivering long-term value to Dow and sustainable solutions for our customers and society.”
Since 2003, Dow has been reporting to the highest and most comprehensive level of guidance from the GRI.