Dow has issued its 2019 Sustainability Report, outlining progress and results aligned to its 2025 Sustainability Goals.
The report details Dow’s progress in achieving its sustainability goals by 2025, which were originally set in 2018, as well as adding additional targets.
Among the new goals, Dow has committed to reducing its net annual carbon emissions by 5 million metric tons, or 15 per cent from its 2020 baseline by 2030.
In addition, by 2035 Dow aims to have 100 per cent of its products sold into packaging applications be reusable or recyclable.
“Today’s announcement is the next step in our sustainability journey that began more than 30 years ago. Climate change and plastic waste are among the greatest technical, social, and economic issues the world has ever faced, and our products and technology are critical to addressing both,” said Jim Fitterling, Dow chairman and CEO.
“At Dow, we have a responsibility and an opportunity to lead in addressing these global challenges. A sustainable future is attainable, but only if we continue to tackle these issues head-on, hold ourselves accountable, and work together to enable new science- and technology-based solutions that directly address both climate change and plastic waste.”
Dow also announced it has introduced a new line of mechanically recycled plastic resins for flexible and rigid plastic packaging applications, which the company said have the potential to reduce carbon and energy footprints of applications by up to 20-30 percent.
“Reducing the impact of climate change and eliminating plastic waste are societal challenges that are closely linked.” said Mary Draves, Dow vice president and chief sustainability officer.
“As a producer of technologies that are essential to a low carbon economy, we are developing and investing in new production processes that are low-emission and optimally efficient. And we’re now looking at waste as a resource that will enable us to continue to innovate sustainable materials,”said Mary Draves, Dow vice president and chief sustainability officer.
Dow also confirmed 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 CO2e. The company is on track to exceed its target to source 750 MW of renewable power capacity by 2025.
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