To address climate change, our society will need a variety of approaches: a circular economy, waste reduction, afforestation and reforestation, and lower-carbon technologies. It also needs collaboration.
Through sport and science, our carbon partnership with the International Olympic Committee (IOC) is purposely engaging across industry value chains to drive the adoption of best-in-class, lower-carbon technologies that go beyond current industry practices. Alongside customers and key partners, we are bringing our materials science innovations and carbon expertise to projects in building energy efficiency, packaging and recycling, and industrial applications. In this way, the partnership is encouraging broader adoption of solutions that reduce energy and materials consumption, enabling savings in carbon emissions.
The benefits of this project are for now and the future. As the IOC’s Official Carbon Partner, we are committed to balancing the IOC’s unavoidable operational carbon footprint through a portfolio of carbon mitigation projects that deliver third-party-verified climate benefits. As of January 2021, the combined impact from our projects is the reduction of greenhouse gas emissions by 856,859 metric tons of CO2e. Beyond carbon mitigation, the partnership promotes how existing low-carbon solutions can have a long-term impact in reducing emissions. Learn more in our 2020 Carbon Partnership Report.
Food waste reduction: We worked with AEON Co., Asia’s largest retailer, to introduce vacuum skin packaging (VSP) in Japan. The collaboration’s objective is to reduce greenhouse gas (GHG) emissions and food loss through better packaging of carbon-intensive products such as meat and seafood. Enabled by Dow’s ionomer technology, VSP results in less food waste over conventional packaging due to better protection during shipment, extended shelf life, less material waste and fewer preservatives.
Promoting best practices in high-performance building: To help drive the adoption of lower-carbon building technologies during the decision-making and design phase, we co-developed a methodology with South Pole and the design firm Arup to quantify how more sustainable design solutions impact GHG emissions reductions throughout a building’s lifetime.
Improving the efficiency of home appliances: We teamed up with one of the world’s leading household manufacturers of refrigerators and freezers in China to create significant GHG emissions reductions through the adoption and utilization of our PASCAL™ Technology. The technology has successfully shown to notably reduce energy consumption and GHG emissions in the use phase, which represents more than 80% of the total environmental impact of large home appliances such as refrigerator-freezers.
Restoring essential forest and wetland ecosystems: We are working with the nonprofit Restore the Earth Foundation to replant 400 acres of bald cypress trees to help rebuild the lower Mississippi River Basin area. The project is expected to generate an estimated 80,000 metric tons of CO2 emissions reductions and $22 million in environmental, social and economic value in the region over a 40-year period, as estimated by Restore the Earth’s EcoMetrics Model and outlined in its Cypress Reforestation Social Return on Investment Report.