Back/Dow Recognized for 24th Year in DJSI for Leadership in Sustainability
sustainability·December 18, 2024·dow

Dow Recognized for 24th Year in DJSI for Leadership in Sustainability

ED
Editorial
Cashu Markets·2 min read
TL;DR
  • Dow is recognized in the DJSI World for 24 consecutive years, emphasizing its sustainable practices in the chemical industry.
  • The company excels in climate strategy, water management, and employee development, reflecting its commitment to sustainability.
  • Dow aims to be the most innovative and sustainable materials science company, driving growth while addressing global challenges.

Dow's Continued Leadership in Sustainability Recognized by DJSI

Dow (NYSE: DOW) solidifies its position as a leader in sustainability by being included in the Dow Jones Sustainability World Index (DJSI World) for the 24th consecutive year. This prestigious recognition underscores Dow's commitment to sustainable practices within the global chemical industry. The company also marks its 19th year in the Dow Jones Sustainability North America Index, highlighting its consistent efforts to implement responsible environmental, social, and governance (ESG) strategies. Chief Sustainability Officer Andre Argenton emphasizes that this acknowledgment not only celebrates past achievements but also motivates Dow to enhance its performance further, aiming to create lasting value for stakeholders, including employees, customers, investors, and the communities they serve.

In the latest S&P Global 2024 Corporate Sustainability Assessment (CSA), Dow excels in critical areas such as Climate Strategy, Water Management, Occupational Health & Safety, and Employee Support & Development Programs. This strong performance reflects the company's dedication to climate protection and the welfare of its workforce. The Dow Jones Sustainability Indices, established in 1999, serve as vital benchmarks for assessing sustainability performance globally, reinforcing the importance of responsible practices in the chemical sector. With operations in 31 countries and a workforce of approximately 35,900 employees, Dow reported sales of about $45 billion in 2023, showcasing its significant influence and commitment to sustainability in the materials science field.

Dow's ambitious goal is to be the most innovative, customer-centric, inclusive, and sustainable materials science company worldwide. By leveraging its extensive resources and unwavering commitment to sustainability, the company seeks to drive profitable growth while addressing pressing global challenges. For stakeholders interested in further insights into Dow's sustainability journey, the INtersections Progress Report provides comprehensive details on the company's initiatives and achievements in this vital area.

In related news, the global excipients market is projected to grow significantly from 2024 to 2034, driven by increasing demand for effective dermatological treatments and advancements in formulation technologies. The market dynamics reflect a broader trend towards sustainable and biodegradable excipients, aligning with industry shifts towards eco-friendly practices.

Additionally, UPL Ltd., another key player in the chemicals industry, has achieved recognition in the 2024 Dow Jones Sustainability Index, ranking as the top agrochemicals company for the second consecutive year. This acknowledgment highlights the importance of sustainability in the chemical sector, echoing Dow's commitment to responsible practices and innovation.