Energy Efficiency, GHG Emissions, Sourcing Renewables - June 20, 2024
Dow Tops 50% of Electricity From RE
Dow now sources over 50% of the company’s purchased electricity — more than 1,000 megawatts (MW) — from renewables, exceeding its 2025 target of 750 MW.
The chemical manufacturer also approved the final investment decision to build a net-zero Scope 1 and 2 emissions-integrated ethylene cracker and derivatives facility in Fort Saskatchewan, Alberta, Canada. The project will decarbonize 20% of Dow's global ethylene capacity and is critical to delivering the company's 2030 emissions reduction target while also contributing to the commercialization of low-to-zero emissions products.
Dow has launched several products that contribute to GHG emissions reductions, such as EcoSense™ 2470 Surfactant for home care market, ENDURANCE™ HFDD-4201 SC Compound for Cable Systems, and a new range of propylene glycol (PG) solutions made from alternative feedstocks that are bio-based or circular.
The company also enhanced its Scope 3 emissions reporting, aligning it with its circularity strategy for end-of-life products.
Details were released in its 2023 INtersections Report.
"This year's report demonstrates how Team Dow is putting our ambition into action and collaborating to create innovative, sustainable solutions through our materials science," said Dow chair and CEO Jim Fitterling in a statement. "Sustainability and inclusion are key drivers of our growth and are integral to how we create value for our customers, communities and shareholders. In 2023, we continued to make progress toward our targets while driving positive change for people and the planet."
The 2023 report marks the 20th year of voluntary sustainability reporting from Dow and sixth year of inclusion, diversity and equity reporting.
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