MIDLAND, Mich.–(Enterprise WIRE)–Dow (NYSE: DOW) declared today it has reached a big milestone, obtaining $500 million of personal savings from its “Valuing Nature” intention, halfway to its 2025 Sustainability Purpose to produce $1 billion in business value from initiatives that greatly enhance nature.
A single of 7 2025 Sustainability Goals the Enterprise launched in 2015, which align to the United Nations Sustainable Improvement Targets, Dow’s “Valuing Nature” goal is the initially-ever motivation by a company to systematically look at mother nature in its enterprise choices on this kind of a major scale.
As a result of this purpose, Dow has dedicated to supply $1 billion in worth, largely through avoided expenditures, from assignments that are the two very good for business enterprise and for ecosystems. By thinking about operational interfaces with mother nature, money charges and long-phrase operational and routine maintenance prices can be decreased. The Enterprise also dedicated to display all cash and actual estate tasks, enterprise enhancement jobs and new product improvements for opportunity sustainability benefits and affect.
“At Dow, we imagine business enterprise should really be a catalyst for optimistic modify through innovation and management in environmental sustainability,” stated Jim Fitterling, Dow’s chairman and chief govt officer. “That’s why we are top the way in making sure the benefit of nature is regarded as in our business choices. Dow’s Valuing Character Target is a crucial piece of our ambition to turn into the most sustainable materials science enterprise in the entire world.”
Examples of character assignments carried out consist of:
Terneuzen, The Netherlands: Dow collaborated with Evides, a water cure organization and neighborhood water provider, and the District H2o Board to use area wastewater for industrial applications. This collaboration was the 1st important-scale software of industrial h2o reuse from municipal effluent. The collaboration has resulted in 300 m3/h net (or 2.5 million m3/yr) water reuse, a 96.5% reduction in electrical power intake and lower upkeep fees. By 2025, Dow is doing work to change the freshwater from the Biesbosch area fully with sustainably sourced water. Dow, also, is tests a made wetland to allow additional efficient downstream water cure, necessitating significantly less substances and vitality.
Aratu, Brazil: Excavation to put in new brine wells at Matarandiba Island resulted in unstable and unsafe embankments. Instead of full excavation or the regular tricky armor technique with metal and concrete, Dow stabilized embankments with gabions of local, conveniently readily available stone and reinforced vegetation. By producing this “living wall,” Dow saved revenue compared to solutions, although decreasing carbon emissions by 90% and minimizing impact to the regional forest.
Very hot Springs, Arkansas: Acidic drinking water with substantial degrees of zinc was seeping from an abandoned mining web page in Arkansas. Instead than setting up a regular assortment and lime neutralization system to address the drinking water, the undertaking crew diverted runoff and seepwater into a sinuous limestone channel that made use of nature’s biochemical procedures to handle the water. The final result is a organic streambed with nominal routine maintenance expenditures, and the mine seep drinking water is dealt with prior to it enters the downstream creek.
Via its long-operating collaboration with The Mother nature Conservancy, Dow has also produced instruments to help examine and measure the worth of nature-based assignments. A single instrument, the Ecosystem Companies Identification & Stock Device, or ESII Tool, is readily available for download and allows customers to promptly and effectively generate info on the ecosystem service effectiveness of a specified landscape.
“By systematically delivering the equipment, structure and company environment, we are demonstrating how investing in mother nature can help firms and other corporations preserve revenue, reduce pitfalls and create benefit for all stakeholders,” stated Mary Draves, main sustainability officer and vice president of Atmosphere, Well being & Safety for Dow.
Earlier this year, Dow introduced intense new sustainability commitments, which establish upon its 2025 Sustainability Targets, and place the Corporation on a path to obtain carbon neutrality by 2050, eradicate plastic squander in the atmosphere and boost the Company’s good impacts on modern society, its consumers and its company. The Enterprise also issued its yearly Sustainability Report for the 17th consecutive 12 months, outlining progress and success aligned to its 2025 Sustainability Aims.
Dow (NYSE: DOW) brings together world wide breadth, asset integration and scale, focused innovation and primary small business positions to attain successful advancement. The Company’s ambition is to develop into the most progressive, shopper centric, inclusive and sustainable elements science corporation. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a wide selection of differentiated science-primarily based items and answers for its buyers in high-progress market segments, such as packaging, infrastructure and client treatment. Dow operates 109 manufacturing web sites in 31 nations and employs approximately 36,500 people today. Dow sent gross sales of close to $43 billion in 2019. References to Dow or the Business suggest Dow Inc. and its subsidiaries. For much more data, you should visit www.dow.com or comply with @DowNewsroom on Twitter.