• News
Dow announces new sustainability goals, to reduce 15% carbon emissions
Source:Adsale Plastics Network    Editor:JK    Date:26.Jun.2020

Dow has announced new commitments to address both climate change and plastic waste. The Company also issued its 2019 Sustainability Report for the 17th consecutive year, outlining progress and results aligned to its 2025 Sustainability Goals.

 

“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 chief executive officer.


1_web.jpg

Dow has announced its 2019 Sustainability Report.


Dow’s new sustainability targets, which align to and build upon its 2025 Sustainability Goals, include:

 

  • Protect the Climate: By 2030, Dow will reduce its net annual carbon emissions by 5 million metric tons, or 15% from its 2020 baseline. Additionally, Dow intends to be carbon neutral by 2050, in alignment with the Paris Agreement. The Company is committed to implementing and advancing technologies to manufacture products using fewer resources and that help customers reduce their carbon footprints.

 

  • Stop the Waste: By 2030, Dow will help “stop the waste” by enabling 1 million metric tons of plastic to be collected, reused or recycled through its direct actions and partnerships.  The company is investing and collaborating in key technologies and infrastructure to significantly increase global recycling.

 

  • Close the Loop: By 2035, Dow will help “close the loop” by having 100% of its products sold into packaging applications be reusable or recyclable. Dow is committed to redesigning and offering reusable or recyclable solutions for packaging applications.

 

In addition, Dow 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 CO2. The company is on track to exceed its target to source 750 MW of renewable power capacity by 2025.

 

Dow also has introduced a new line of mechanically recycled plastic resins for flexible and rigid plastic packaging applications which have the potential to reduce carbon and energy footprints of applications by up to 20-30 percent.

 

As outlined in Dow’s 2019 Sustainability Report, the Company has made significant progress against its 2025 Sustainability Goals. For example, since 2006, Dow has:

  • Reduced its GHG emissions by 15%

  • Incorporated a carbon price into its business planning

  • Invested in renewable power capacity

Like

0

Leave A Comment

Submit

All Comments

Articles You'll Like
Hot Pictures