MOSCOW (MRC) -- Dow has earned three 2023 SEAL Business Sustainability Awards (BSA), said the company.
The environmental advocacy organization recognizes specific initiatives, products, services, and innovations ranging from large companies to emerging start-ups for their industry leadership, innovation, and commitment to sustainable business practices.
Three Dow technologies were recognized across two SEAL categories: one Sustainable Product Award, and two Sustainable Innovation Awards. The product-focused category recognized submissions that were deemed innovative, impactful and “purpose-built” for a sustainable future, whereas the innovation-based category selected recipients for representing game-changing ideas that draw us closer to a more sustainable future.
“Each of these simultaneously high-performing and sustainable products and innovations are making significant advancements in their respective markets and helping Dow realize its ambition to be the world’s most innovative, customer-centric, inclusive, and sustainable materials science company,” said A.N. Sreeram, senior vice president, Research & Development, and chief technology officer. “We will continue to innovate alongside our customers and value chain leaders to deliver a sustainable future through our materials science expertise and collaboration."
We remind, Dow reported a net loss of USD73m for the first quarter (Q1) on a slump in volumes and sales prices in key segments and important geographies. Net sales for the largest US chemical company were down 22% at USD11,851m reflecting, Dow said, declines in all its operating segments driven by lower macroeconomic activity.