Dow Listed on 2020 Sustainability Index
Late last week The Dow Chemical Company was named to the Dow Jones Sustainability World Index by S&P Global, the investment specialty focused on Sustainability Investing. This is the 21st year that Dow has achieved this ranking.
“It is an honor to be listed to the Dow Jones Sustainability World Index in recognition of our comprehensive sustainability programs,” said Mary Draves, Chief Sustainability Officer and Vice President of Environment, Health and Safety.
“For us, it’s more than programs. Sustainability is infused throughout our company culture in how we make decisions, run our businesses and operations and innovate new products. Through our 2025 Sustainability Goals and the power of our people, we strive to deliver a sustainable future for the world through our expertise in materials science and in collaboration with our partners.”
Dow was also named to the DJSI North America Index, with the company noting that it had performed well in Operational Eco-Efficiency, Labor Practice Indicators and Environmental and Social Reporting.
Along the lines of sustainability, Dow reported early last month that it had achieved $500 million in savings from its “Valuing Nature” goal. The milestone marks the midway point to its 2025 Sustainability Goal to deliver $1 billion in business value from projects that enhance nature.
“At Dow, we believe business should be a catalyst for positive change through innovation and leadership in environmental sustainability,” said Jim Fitterling, Dow's Chairman and Chief Executive Officer. “That’s why we are leading the way in ensuring the value of nature is considered in our business decisions. Dow’s Valuing Nature Goal is a critical piece of our ambition to become the most sustainable materials science company in the world.”
One of seven 2025 Sustainability Goals the Company launched in 2015, which align to the United Nations Sustainable Development Goals, Dow’s “Valuing Nature” goal is the first-ever commitment by a corporation to systematically consider nature in its business decisions on such a major scale.
Through the goal, Dow has committed to deliver $1 billion in value through avoided costs in projects that are both good for business and ecosystems, in addition to screening all capital and real estate projects, business development projects and new product innovations for potential sustainability benefits and impacts. In considering operational interfaces with nature, the company believes that capital, long-term operational and maintenance costs can all be lowered.