Originally published at corporate.dow.com. Dow ranked No. 19 on The Fair360, formerly DiversityInc Top 50 Companies for Diversity list in 2021.
Dow, a global leader in materials science, joins CDP Supply Chain Program (formerly Carbon Disclosure Project, an international non-profit specialized in environmental reporting) to track climate impacts in the supply chain and identify collaborative decarbonization opportunities with suppliers. This is part of Dow’s expanded Sustainable Procurement multigenerational plan. The CDP program supports Dow’s “protect the climate” targets, announced in 2020, and its commitment to accelerate its work with its suppliers, customers and value chain partners to ensure Dow’s ecosystem is carbon neutral by 2050.
In 2021 Dow intends to engage suppliers to request climate-related information via CDP’s online disclosure platform. “Dow has an aggressive target to reduce its net annual carbon emissions by 5 million metric tons (versus 2020 baseline) by 2030 and to ensure Dow’s ecosystem is carbon neutral by 2050,” said Leticia Jensen, Global Purchasing Sustainability Director. “While we continue to take action to reduce our own emissions, our suppliers will play a critical role in helping Dow achieve carbon neutrality.”
CDP provides a consistent, transparent framework to collect critical climate data from suppliers, enabling Dow to better evaluate supply chain risks and to identify synergies to catalyze greater emission reductions. “By collecting relevant and comparable environmental data, Dow can better measure supplier environmental impacts and account for its value chain, or scope 3, emissions,” said Dow Purchasing Vice President Cathy Budd. “By requesting qualitative and quantitative climate data from suppliers in a standardized way, Dow will support the harmonization of carbon accounting principles, while improving the consistency and accuracy of data.”
Dow will also engage its suppliers by providing feedback on areas for possible improvements, helping to build expertise in climate accounting. This engagement is part of Dow’s multigenerational plan to advance Sustainable Procurement practices.
By making climate data available on CDP’s platform, Dow can help its customers, suppliers and other value chain partners to make more informed decisions about their own risks and identify opportunities for collaboration to decrease the total carbon footprint.
