MOSCOW (MRC) -- The Dow Chemical Company was named to the Dow Jones Sustainability World Index as one of the top performers in the global chemical industry, marking the 15th time Dow has received this recognition since the launch of the index, as per Dow's press release.
This year’s announcement ties Dow as the longest-standing representative in the chemical category since the list’s inception in 1999.
With only 10 chemical companies named to the World Index in 2015, Dow is proud to be recognized for sustainability performance in the top 10 percent of the chemical industry. In addition, Dow received a perfect score of 100 on the Climate Strategy and Customer Relationship Management sections, demonstrating the Company’s unique strengths of working closely with customers to develop differentiated, science-based solutions to address today’s global challenges.
"Through our 2025 Sustainability Goals, Dow will help lead the transition to a more sustainable economy and society," said Neil Hawkins, Dow’s corporate vice president for environment, health and safety (EH&S) and chief sustainability officer. "From the ‘footprint’ of our operations, to the positive 'handprint' of our products, to the development of new ‘blueprints' for a more sustainable world, we are proud to be embarking on the third decade of rigorous sustainability goal-setting at Dow. Today’s announcement marks the latest milestone in our sustainability journey, and we are both proud and humbled to be named to the Dow Jones Sustainability World Index for the 15th time."
Dow remains committed to sustainability, setting the standard through public goal-setting, metrics and transparent reporting. Announced in 2015, the Company’s aggressive 2025 Sustainability Goals seek to redefine the role of business in society, focusing on unlocking the potential of people and science, valuing nature and collaborating courageously.
As MRC reported earlier, in November 2014, The Dow Chemical Company announced an increased divestiture target aligned to further enhance the value of its portfolio and support the company’s market-driven, integrated strategy. On track to complete its goal of realizing USD4.5 billion to USD6 billion in proceeds by year-end 2015, and with additional portfolio management actions underway, Dow is now increasing its divestiture target to USD7 billion to USD8.5 billion to be complete by mid-2016. Since 2013, the company has generated USD2.5 billion in proceeds, reallocating this capital to remunerate shareholders, fund growth and reduce debt.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
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