For the sixth year, the Carbon Disclosure Project (CDP) has named The Dow Chemical Company to the “Carbon Disclosure Leadership Index,” reinforcing Dow’s leadership in energy efficiency and its commitment to innovative climate change solutions that contribute to human progress and the growth of its business. CDP has included Dow in the index in recognition of Dow’s internal data management and its understanding of climate change related issues affecting the company.
“Dow has been a pioneer in industrial energy efficiency and is dedicated to developing best practices to address the challenges of energy and climate change. So we are very pleased to be recognized as a leader by the CDP,” said Doug May, vice president of energy, climate change and alternative feedstocks.
The CDP index identifies companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. Companies are evaluated based on their responses to CDP’s 2010 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
From 1990 to 2009, Dow reduced its energy intensity by 38 percent, saving 1,700 trillion Btu, which is the equivalent to the electrical energy used by all residential buildings in California for a year. Through its corporate energy efficiency and conservation program, Dow has prevented more than 90 million metric tons of carbon dioxide from entering the atmosphere.
“Dow provides a wide array of innovative products and solutions that enable our customers and partners to manage greenhouse gas emissions and unlock dramatic improvements in the energy and climate change profiles of their business,” said May. “We are committed and uniquely positioned to being a key contributor in the transition to a sustainable energy future.”
“The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use,” said Paul Dickinson, chief executive of the Carbon Disclosure Project. “Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies’ understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks.”
Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified 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 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45 billion and employed approximately 52,000 people worldwide. The company's more than 5,000 products are manufactured at 214 sites in 37 countries across the globe.