2020 was a year unlike any other. The global pandemic created unprecedented health, social and economic upheavals. Racial and social injustice issues vaulted to the forefront of our collective experience. Nearly every element of the way in which we live, work and interact within the world rapidly – and fundamentally – changed.
Against this historic and challenging backdrop, one lesson was affirmed again and again: Team Dow plays an important, positive role in the lives of many stakeholders. When frontline workers needed personal protective equipment, Dow was there with innovative solutions.
When protests erupted against systemic racism across the United States, we listened to our colleagues to understand harsh truths, and committed to use our resources to foster social justice and racial equity – both within our company and in our communities. When colleagues and neighbors suffered from extreme weather events, Dow was there to aid in recovery efforts and help in the journey toward resiliency.
The events of 2020 remind us that we are fundamentally interconnected with one another – our actions impact those around us exponentially. And they bring into perfect focus our purpose as a company: To deliver a sustainable future for the world through our materials science expertise and collaboration with our partners.
Dow’s environmental, social and governance (ESG) strategy reflects how we are putting our purpose into action. Every day, our Team Dow colleagues seek new and better answers to transform our world, while also making us stronger and more resilient. After all, we simply cannot thrive as a business if our colleagues, our communities and our planet do not thrive.
Dow has a long history of leadership in reporting transparency and sustainability disclosures, and we continue to build on our foundation of reporting against the GRI standards by expanding to include disclosures against SASB standards and TCFD. Going forward, we also are actively working with the World Economic Forum’s International Business Council to help consolidate reporting frameworks and arrive at a consistent and comparable international accounting standard for ESG matters.
In short, we are setting bold goals, measuring our progress and providing increased transparency on our performance.
This report represents the first time that we’ve combined ALL of our ESG priorities and actions into one holistic, transparent and comprehensive ESG report.
As you’ll see inside, even in a year overshadowed by uncertainty and volatility, Team Dow rallied to make impressive gains against our ESG priorities.
Among the 2020 highlights:
In 2020, more than ever, our world demanded solutions. Positive change – at the scale and pace we need – requires a collaborative effort, with companies, people and governments working together. As a company, we are committed to the Ten Principles of the UN Global Compact and achieving the Sustainable Development Goals.
To meet the challenges ahead for our business and society, Team Dow is working with focus and determination to create a more sustainable, equitable and prosperous world for all. I’m immensely proud to share our ESG progress with you through this report and I welcome your feedback.
Chairman and Chief Executive Officer, Dow