MIDLAND, Mich. - November 02, 2021 - Dow (NYSE: DOW) today expands its commitment to a sustainable future by joining Together for Sustainability, (TfS) a network of 34 chemical companies delivering the de facto global standard for environmental, social and governance performance of chemical supply chains.
"At Dow, we're guided by our purpose - To deliver a sustainable future for the world through our materials science expertise and collaboration with our partners," said Cathy Budd, Dow's Vice President of Purchasing. "The TfS initiative is another opportunity for us to fulfil our goal of being the most innovative, customer-centric, inclusive and sustainable materials science company in the world. We are proud to be joining the ranks of fellow companies who have also committed to integrating sustainability elements throughout the procurement process."
TfS, a global, procurement-driven initiative, delivers a ground-breaking framework with robust tools to assess and improve the sustainability performance of chemical companies and their suppliers. The TfS program also includes scope 3 GHG emissions Product Carbon Footprint and global capability building activities.
"The transition toward a low-carbon economy remains one of the fundamental challenges of our society," said Mary Draves, Dow's chief sustainability officer and vice president of Environment, Health and Safety. "Dow stands at a critical juncture of the global supply chain, connecting thousands of suppliers with thousands more end-consumers. We need to work closely with our suppliers to deliver on our carbon emission targets. Together, we have an opportunity to make a critical and positive impact. The TfS framework and its tools are an important step."
TfS President Bertrand Conquéret says "I am very proud to welcome Dow to the TfS family. The growth of membership to 34 member companies is in line with TfS' strategic priority to increase the initiative's reach and impact on the sustainability performance in chemical supply chains around the world."
The TfS program is based on the UN Global Compact and Responsible Care® principles. TfS is a global organization with regional members' representation in Asia, North and South America. Operating as a unique member-driven organization, the TfS member companies shape the future of the chemical industry together.
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
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Dow Inc. published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 14:09:08 UTC.