Dow earns spot in S&P Global Sustainability Yearbook
Dow’s 2022 Corporate Sustainability Assessment scores drive meaningful improvements across several respected sustainability indices
MIDLAND, Michigan – February 7, 2023 – Dow (NYSE: Dow) announced today that it has achieved listing in the S&P Global Sustainability Yearbook, reflecting scoring placing Dow among top industry performers.
To be listed in the S&P Global Sustainability Yearbook, companies must score within the top 15% of their industry and must achieve an S&P Global Corporate Sustainability Assessment (CSA) Score within 30% of their industry’s top-performing company.
The CSA also serves as the basis for the scores that power the Dow Jones Sustainability Index (DJSI) and its list of global sustainability leaders. The DJSI World Index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index (BMI) based on long-term economic, environmental and social criteria.
"We are committed to continuing to improve all aspects of sustainability as a driver of long-term value creation for Dow and for all our stakeholders,” said Jim Fitterling, Dow chairman and CEO. “These accomplishments reflect incredibly important work on behalf of customers, consumers and communities in particular. The performance bar continues to rise and we intend to rise up alongside it.”
This listing comes on the heels of two additional sustainability honors: Dow’s 22nd inclusion on the Dow Jones Sustainability World Index and recent CDP scoring elevating Dow to A-minus (A-) across all three categories of Climate, Water and Forest.
To earn an A – or Leadership – score from CDP, organizations must show environmental leadership, disclosing on climate change, deforestation or water security. They must demonstrate best practice in strategy and action as recognized by frameworks such as the TCFD, Accountability Framework and others. As well as having high scores in all other levels these companies will have undertaken actions such as creating a climate transition plan, developing water-related risk assessment strategies, or reporting on deforestation impact for all relevant operations, supply chains and commodities.
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
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