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Subjects: RCY, CSR, ESG

Dow releases 2023 INtersections Report, outlining progress toward its sustainability commitments


MIDLAND, Mich., June 18, 2024 /PRNewswire/ -- Dow (NYSE: DOW) released its 2023 INtersections Report today, highlighting how the Company is advancing its ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world. The report also highlights Dow's environmental, social and governance commitments to deliver long-term value and best-in-class performance through innovation and strategic collaborations that will support a more sustainable future.

The report affirms Dow's focus on four key areas that are critical to its business and stakeholders, including protecting the climate, advancing a circular economy and safer materials, cultivating a thriving team and community, and driving accountability and best-in-class performance.

"This year's report demonstrates how Team Dow is putting our ambition into action and collaborating to create innovative, sustainable solutions through our materials science," said Dow chair and CEO Jim Fitterling. "Sustainability and inclusion are key drivers of our growth and are integral to how we create value for our customers, communities and shareholders. In 2023, we continued to make progress toward our targets while driving positive change for people and the planet."

The 2023 report marks the 20th year of voluntary sustainability reporting from Dow and sixth year of inclusion, diversity and equity reporting.

Notable accomplishments outlined in this year's report, which is based on full-year 2023 data, include:

Protecting the climate

Advancing a circular economy and safer materials

Cultivating a thriving team and community

Driving accountability and best-in-class performance

Building on the longstanding commitment to transparency and accountability to the stakeholders, the Company advanced disclosures in several areas in its 2023 report, including:

The 2023 environmental, social and governance disclosures were prepared in accordance with five leading standards and frameworks, including the Global Reporting Initiative (GRI), the Greenhouse Gas (GHG) Protocol, the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and the World Economic Forum's (WEF) Stakeholder Capitalism Metrics. Dow engaged Deloitte & Touche, LLP to perform a review engagement and obtain limited assurance on management's assertion related to disclosures presented in accordance with the 2021 GRI Sustainability Reporting Standards as of, and for the year ended, December 31, 2023, and related to Scopes 1, 2 and 3 emissions presented in accordance with the Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standards under its Corporate Standards for the year ended December 31, 2023.

About Dow
Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

For further information, please contact:

Sarah Young
+1.989.638.6871
[email protected]                                                    

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SOURCE The Dow Chemical Company



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