Industry News

Dow Named Best in Class in Carbon Disclosure Leadership Index

Published on 2008-10-15. Author : SpecialChem

MIDLAND, MI -- Reinforcing The Dow Chemical Company's commitment to setting the standard for sustainability, the Carbon Disclosure Project (CDP) has named Dow to the Carbon Disclosure Leadership Index for the fifth consecutive year. The index highlights global companies that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. Dow is one of only 33 companies from a carbon intensive sector to receive this distinction for 2008.

"We are thrilled to be honored by the CDP again," said Rich Wells, Dow's vice president of energy. "Dow has made huge gains in energy efficiency and as a result, has significantly lowered our own greenhouse gas emissions. We will continue to improve our carbon footprint by investing in process improvements for our plants, diversifying into alternative and renewable energy sources and developing less carbon intensive raw materials."

CDP surveys more than 1,500 global companies and recognizes those like Dow who have established ambitious carbon-target programs and implemented mechanisms for climate change governance.

Carbon disclosure and climate change reporting are becoming critical for investors. Good disclosure practices allow investors to fully assess their risks, liabilities, and opportunities within their portfolios. Investors are using the information gathered by organizations like the CDP to inform their analysis of the credit worthiness of a company.

"Good corporate governance in respect of climate change disclosure will inevitably reap its rewards. As carbon regulation increases, those companies that have implemented climate change related strategies are clearly going to be in a far better position to meet the challenge of higher carbon prices than companies that have procrastinated" said Paul Dickinson, chief executive of the Carbon Disclosure Project. "Good disclosure practices are synonymous with good management."

About Dow:

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the " Human Element " to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow

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