Many of our planet’s natural resources are increasingly under pressure from over- or badly managed consumption. In addition, the global population is increasing and standards of living are trending upwards. More than ever, it’s clear we need to change our behavior and transition to a level of sustainable consumption.
Right now, the goods we use every day are manufactured from raw materials, sold, used and then discarded as waste. We are engaged in the transition from a linear economy to one that redesigns, recycles, reuses and remanufactures to keep materials at their highest value use for as long as possible. As a result, we’ll preserve our resources in a “circular economy” making the most of our natural resources. Applying the principles of a circular economy will allow us to optimize the use and reuse of resources and ultimately reduce the amount of waste that goes into landfills.
Transitioning to a circular economy is not only vital to the preservation and protection of our planet’s natural resources, but also to the success of businesses at Dow. According to the Ellen MacArthur Foundation, circular supply chains that increase the rate of recycling, reuse and remanufacturing could generate more than $1 trillion a year by 2025. Because of our leadership position in manufacturing and materials technology, as well as our global reach across many sectors, we have a very strong opportunity to take a leading role in supporting the development and implementation of the circular economy, taking into account a product’s lifecycle – from creation to use to disposal – in everything we do and create.
Dow will collaborate to implement six major projects that deliver solutions and advance the circular economy. Our key performance indicator is the number of projects implemented.
Learn more about how we’re making things better.