CEAC-2021-01-January
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collaborations across key value chains that build capacity<br />
and enable new low-carbon technologies to be adopted.<br />
Together, these carbon mitigation projects have led to<br />
nearly 1 million metric tons of greenhouse gas (GHG) reductions<br />
in the market sectors of the built environment,<br />
food and packaging, renewable energy and industry, and<br />
soil and forests.<br />
• Going beyond business-as-usual practices. For each partnership,<br />
Dow has developed a portfolio of projects to drive<br />
the adoption of carbon-saving technologies and practices<br />
that advance more sustainable business with a verified and<br />
reduced carbon impact. Project activities include marketing<br />
campaigns, equipment and process upgrades, education<br />
and capacity-building through collaborations with customers<br />
and value chain partners such as PETRONAS Chemicals<br />
Group, the U.S. Green Building Council, Firestone Building<br />
Products, Restore the Earth Foundation and many more.<br />
• Going beyond targets. Each of Dow’s carbon partnerships<br />
with the Olympic Movement have met and exceeded the<br />
original emission scope target, not only balancing the operational<br />
footprints, but also delivering a positive legacy.<br />
• The Dow Sochi-Carbon Partnerships resulted in<br />
third-party-verified climate benefits amounting to<br />
2.8 million metric tons of CO2e, more than five<br />
times its commitment to Sochi 2<strong>01</strong>4.<br />
• The Dow-Rio Carbon Partnership has delivered more<br />
than 1.5 million metric tons of CO2e to date — exceeding<br />
Dow’s commitment to balance the footprint<br />
of hosting and staging the Games, and leaving a<br />
legacy of low-carbon technologies in Latin America.<br />
• The Dow-IOC Carbon Partnership has delivered more than<br />
850,000 metric tons of CO2e to date, exceeding the IOC’s<br />
goal to be a carbon-neutral organization.<br />
Environmental Resources Management (ERM) provided<br />
third-party verification of projects against the Dow Climate<br />
Solutions Framework and verified the GHG emission reductions<br />
resulting from the projects and assigned to specific<br />
footprint owners. Carbon reductions within this report are<br />
validated as of September 2020.<br />
“Whereas most carbon-offset programs are related solely to<br />
company operations and performance, Dow was an early actor<br />
in making the decision to go beyond its own operations<br />
to involve its products, its customers and to leave a positive<br />
legacy,” said Braulio Pikman, Technical Director, ERM. “Most<br />
projects implemented by Dow are the first of their kind in<br />
their region, with independent verification providing credibility<br />
and the highest quality results in terms of climate and<br />
sustainability benefits.”<br />
In recognition of the responsibility to take action, Dow has<br />
pledged to work with customers, suppliers and value chain<br />
partners to reach carbon neutrality by 2050.<br />
An overview on the projects can be found in more detail in<br />
Dow’s 2020 Carbon Partnership Report at<br />
https://dow.inc/3lPB0Kz.<br />
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Volume 86 · Number 1 | 21
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