Since 1897, we have been solving the world’s greatest, most pressing problems, setting the groundwork for our most important work yet – a promise to Imagine Better for the next 125 years.
Since 1897, we have been solving the world’s greatest, most pressing problems, setting the groundwork for our most important work yet – a promise to Imagine Better for the next 125 years.
We must lead our industry in delivering materials science innovations that lead the world toward a low carbon future.
We are continuously finding ways to reduce carbon emissions while helping our customers reduce their carbon emissions by innovating lower-carbon products.
We are investing $1 billion per year to drive both growth and decarbonization of our manufacturing assets.
This is a complex challenge we are determined to not only meet, but also to lead in our industry.
OUR CLIMATE TARGETS
Our “Protect the Climate” targets reflect our commitment to accelerate our work with our suppliers, customers and value chain partners to ensure Dow’s ecosystem is carbon neutral by 2050.
To achieve our “Protect the Climate” targets, we are embarking on a
plan that encompasses all three carbon emissions scopes:
Emissions directly under our control from our own operations.
Emissions caused indirectly from the generation of the power we purchase from 3rd parties.
Emissions we are indirectly responsible for, upstream from the products or services we buy from suppliers, and downstream from the transportation, usage and end of life of our sold products.
Our Path2Zero scope 1 and 2 carbon emissions Dow currently emits approximate 35 million metric tons of CO2 annually. Achieving our emissions reduction targets in the short term is critical to ensuring stakeholders we are tracking toward our 2050 carbon neutrality commitment. Here’s a look at how we intend to achieve our short- and long-term sustainability targets.
By 2025, we intend to reduce our carbon emissions by another 2 million metric tons between 2022 - 2025. These emissions reductions will come from a combination of:
Dow is investing approximately $1 billion per year to drive both growth and decarbonization of our manufacturing assets. This is approximately 1/3rd of our capital expansion outlay that we want to maintain around depreciation and amortization levels through the economic cycle. Investment at this level to reduce and eliminate carbon emissions will continue until we attain our overall 2050 carbon neutrality goals. We have a detailed investment plan and roadmap to our 2050 carbon neutrality target that touches nearly every aspect of our business, focusing on five key areas.
In 2023, Dow was named a Supplier Engagement Leader for addressing climate change for the second consecutive year by CDP, a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Dow achieved an “A” score for climate change action in the supply chain and earned its place once again amongst the top-rated companies featured on CDP’s Supplier Engagement Leaderboard. This score stands alongside Dow’s A- rating from CDP for climate, forests, and water.
We’re investing in longer-term innovations in manufacturing technologies, such as fluidized catalytic dehydrogenation (FCDh), ethane dehydrogenation (EDH) and electric cracking technology (e- cracking), which will help us transition to cleaner manufacturing facilities by 2050.