Dow Climate Change Transparency Recognized by CDP
By Business Wire News
By Business Wire News
The Dow Chemical Company (NYSE: DOW) has been recognized as a leader in climate change reporting and disclosure by CDP, the international not-for-profit that works to transform the way the world does business to prevent climate change and protect our natural resources. Dow earned the highest possible disclosure score of 100 percent. Dow has been selected to the S&P 500 Climate Disclosure Leadership Index (CDLI) in 2015, which recognizes only the top 10 percent of companies reporting for disclosure of high-quality carbon emissions and energy data.
“At Dow, we are committed to leading the transition to a sustainable energy future, and the 2015 CDP score is one more step along our journey,” said Seth Roberts, global energy director for Dow. “The future of energy will require businesses to make the most efficient use of available energy resources – including cost-effective, clean energy alternatives, and our strategy is to find win-win solutions that are good for the environment and good for business.”
Climate change reporting is increasingly becoming a priority for external stakeholders, resulting in thousands of companies submitting annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
“As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index,” said Paul Dickinson, executive chairman and co-found of CDP.
The recognition is directly aligned with Dow’s 2025 Sustainability Goals, whereby the Company seeks to advance the well-being of humanity by helping lead the transition to a sustainable planet and society. As part of the World-Leading Operations Performance Goal, Dow seeks to achieve the following by 2025: maintain absolute greenhouse gas emissions below our 2006 baseline; obtain 400 megawatts (MW) of power from renewable sources; and ensure our trajectory for absolute emissions from operations and purchased power meet internationally recognized targets for a 2° maximum global temperature rise.
More information on sustainability at Dow – including annual and quarterly reports, as well as details on the 2025 Goals – can be found at www.Dow.com. CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company’s more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.