Today, manufacturers worldwide are required to comply with a massive amount of data collection, reporting and other regulatory requirements. In many cases, regulations are vital and have contributed significantly to making our workplaces safer, and our environment cleaner. However, increasingly, unnecessarily burdensome regulations are imposing massive costs on industry with little or no public benefit. Where this is the case, the cost of compliance can be a major hindrance to the expansion of manufacturing and hiring. In these instances, manufacturing and productivity suffers, and the result is too often felt most by the worker.
Dow believes that done right, well-conceived and effectively implemented regulations are important tools for protecting workplaces, and the well-being of people and environment. They also ensure that industry retains the capacity to operate and innovate, and thereby bolster global economies and workforces.
We seek a proper balance that maximizes the effectiveness of both regulation and innovation. We advocate for smarter regulations that provide more flexibility for operations and reduce the burden of compliance, while achieving their statutory objectives.
Dow’s Policy Position
Dow believes that any smart regulation agenda must:
Last revised December 2022