Expands sustainability targets with commitment to Transform the Waste, building on 2025 Sustainability Goals and additional targets announced in 2020
Forms new business platform to accelerate scaling of projects around the world to deliver on expanded target. (Credit: Hans from Pixabay)
Dow Inc. (NYSE: Dow) today announced it will accelerate the sustainability targets the Company set in 2020 by expanding its Stop the Waste target to a Transform the Waste target. By 2030, Dow will transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually. To do this, Dow will expand its efforts to stop the waste by building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand.
“We are expanding our commitments to address plastic waste and meet customers’ increasing demands for more sustainable and circular products,” said Jim Fitterling, Dow’s chairman and chief executive officer. “Through investments in key technologies, infrastructure and strategic collaborations, we are expanding our Stop the Waste goal to reflect the transformation of Dow’s plastic franchise and leadership to enable a circular economy. We will increase the value of waste and enable a new industrial ecosystem to grow, which in turn will allow Dow to scale our ability to produce circular and low-carbon emission solutions.”
It is expected that the waste required to produce 3 million metric tons of circular and renewable solutions per year by 2030 will surpass and replace Dow’s original 1 million metric ton goal.
“Our expanded sustainability target reflects our commitment to raise the bar for ourselves and the broader industrial ecosystem as we leverage our materials science expertise, commitment to circular innovation and productive collaboration with our partners,” said André Argenton, Dow’s chief sustainability officer and vice president of Environment, Health & Safety.
To support Dow’s expanded target and to support accelerated success through stronger focus, increased accountability and robust decision-making, Dow has also recently formed a new business platform, Circular & Renewable Solutions, aligned within the Packaging & Specialty Plastics operating segment. Daniella Souza Miranda leads this new business platform as its global business director.
Source: Company Press Release