Why Accelerating Collaboration is Key to Achieving a More Sustainable Future

At Dow, we aim to be a leader in sustainability and for us that means pragmatic and affordable solutions for decarbonization, water stewardship, and healthy ecosystems. Our commitment to a healthy climate is holistic, considering both climate change mitigation and adaptation, while delivering the business growth that an energy transition and new energy infrastructure demand.

However, we can’t do this alone. It’s clear that meaningful partnerships and significant investments from all players in the value chain are crucial to reducing emissions in the materials sector and beyond. This, coupled with sound policies from governments who truly engage with business to understand the economic realities of the developed and developing world, is central to our strategy for delivering growth while protecting the climate.

Leading the Charge

Our Decarbonize & Grow and Transform the Waste strategies uniquely set Dow to meet increasing demand for more sustainable and circular solutions. Altogether, by 2030, these investments position Dow to deliver an increase of more than $3 billion to our underlying earnings through the economic cycle, while reducing GHG emissions by 5 million metric tons. At the same time, we continue working to commercialize 3 million metric tons of circular and renewable products and solutions annually. By 2050, we are committed to being carbon neutral.

One of the key investments underway now is our Path2Zero project in Fort Saskatchewan, Alberta. As the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives site, it shows what’s possible and illustrates our commitment to best-in-class performance while contributing to long-term value creation for our customers, shareholders and community members. We expect this project to deliver approximately $1?billion of incremental EBITDA annually, before including the earnings upside from CO2 value capture. It is bold, profitable and pragmatic.

We also recently expanded our Protect the Climate targets to include distinct climate change adaptation milestones focused on water and nature. This strategy goes beyond our own fence line to consider the impact across our supply chains and within the watersheds and communities where we live and operate.

Team Dow understands that taking care of the environment – in partnership with all stakeholders – benefits our people, planet and business, ensuring a better future for all.

The Spirit of Collaboration

Key events like Climate Week NYC provide important opportunities for Dow to share experiences and align with stakeholders on our shared commitments to accelerate the energy transition.

This year’s theme, “It’s Time,” served as a powerful reminder of the urgency we face in addressing climate change.

Throughout the week, Team Dow met with a wide range of global leaders across industries to listen, learn and highlight some of the innovative ways Dow is leading the charge toward a more sustainable future.

Our President of Packaging & Specialty Plastics, Karen S. Carter , convened with partners to discuss the circular economy and key strategies to meet the needs of our customers and solve plastic pollution. And our Chief Sustainability Officer and Vice President of Environment, Health and Safety (EH&S), Andre Argenton , discussed solutions to address challenges of decarbonizing hard-to-abate sectors like ours.

On that topic, I was especially glad to participate in the Center for Climate and Energy Solutions (C2ES) panel hosted by 波士顿谘询公司 that explored how we can leverage market-based mechanisms to incentivize and enable Dow and our customers to generate greater value from the emissions reductions we’re achieving. This is crucial to unlocking the tremendous power of the capital markets to accelerate the transition.

At events throughout the week, including a conversation with Alan Murray , President of the Dow Jones Leadership Institute, I emphasized Dow’s support for an “all of the above” energy transition that embraces clean energy solutions, like renewables and advanced nuclear and clean natural gas.

In highlighting the need for government and private sectors to work together, we also discussed the key policy enablers and the need for greater policy certainty so that we can accelerate smarter innovation and investment in the transition. Capital markets require policies that will support their investment by providing a strong, clear, well-aligned and stable environment for the clean energy transition.??

Looking Ahead

Throughout Climate Week, our strategic partnerships were on full display as we joined customers, suppliers, and other critical partners to showcase and accelerate our efforts in transitioning to a more circular economy and a lower-carbon emissions future.

The gathering of some of the brightest minds from academia, NGOs, industries, and governments in New York reinforced one clear message: we need to not only work quickly, but more than ever, we must work pragmatically and collaboratively to meet urgent climate goals.

The time to act is now, and we look forward to more opportunities to connect and advocate for sustainable solutions as we build a better future together.