On June 17, Dow announced aggressive new commitments to address both climate change and plastic waste on its path toward becoming the most innovative, customer-centric, inclusive and sustainable materials science company in the world. The Company also issued its 2019 Sustainability Report for the 17th consecutive year, outlining progress and results aligned to its 2025 Sustainability Goals.
Dow’s new sustainability targets, which align to and build upon its 2025 Sustainability Goals, include:
● Protect the Climate: By 2030, Dow will reduce its net annual carbon emissions by 5 million metric tons, or 15% from its 2020 baseline. Additionally, Dow intends to be carbon neutral by 2050, in alignment with the Paris Agreement. The Company is committed to implementing and advancing technologies to manufacture products using fewer resources and that help customers reduce their carbon footprints.
● Stop the Waste: By 2030, Dow will help “stop the waste” by enabling 1 million metric tons of plastic to be collected, reused or recycled through its direct actions and partnerships. The Company is investing and collaborating in key technologies and infrastructure to significantly increase global recycling.
● Close the Loop: By 2035, Dow will help “close the loop” by having 100% of its products sold into packaging applications be reusable or recyclable. Dow is committed to redesigning and offering reusable or recyclable solutions for packaging applications.
In addition to numerous actions Dow has already taken around the world to achieve its sustainability targets, Dow confirmed today it has entered into new renewable power agreements for its manufacturing facilities in Argentina, Brazil, Texas, and Kentucky, securing 338 more megawatts of power capacity from renewable sources, representing an expected reduction of more than 225 000 metric tons of CO2. The Company is on track to exceed its target to source 750 MW of renewable power capacity by 2025.