Dow has announced new commitments to address climate change and become an inclusive and sustainable materials science company. The company’s new sustainability targets related to climate change include:
- Protect the Climate: By 2030, Dow aims to reduce its net annual carbon emissions by 5 million metric tons, or 15 per cent from its 2020 baseline. Additionally, Dow intends to be carbon neutral by 2050, in alignment with the Paris Agreement.
Dow has also signed new renewable power agreements for its manufacturing facilities in Argentina, Brazil, Texas, and Kentucky. Through these agreements, Dow will source renewable electricity from over 338 MW of projects. This will help the company in the reduction of more than 225,000 metric tons of CO2 emissions. The company has also a target to source 750 MW of renewable power capacity by 2025.
The 2019 edition of its Sustainability Report – which outlines the progress and results of its sustainability goals set for 2025 – has mentioned that Dow has:
- Invested in renewable power capacity
- Reduced its greenhouse gasses emissions by 15 per cent
- Incorporated a carbon price into its business planning