Dow Named in Climate Leadership Index as Part of Carbon Disclosure Project’s 4th Survey of FT500 Corporate Approaches to Climate Change
Midland, MI - October 06, 2006 - Dow was honoured as “Best in Class” in its approach to climate change in a report released by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets. The CDP report, written by the consultancy Innovest, is a survey of the responses of 360 FT500 corporations to the issue of climate change. In the report, Dow was included in the “Climate Leadership Index”.
The Climate Leadership Index is comprised of 50 of the responding FT500 companies that showed distinction in their responses to the Carbon Disclosure Project survey based on their reporting of greenhouse gas emissions and an independent assessment of Dow’s climate change strategies.
In response to the news, John Dearborn, vice president Energy, commented: “We are of course very pleased to be part of the Climate Leadership Index for the third consecutive time. It is a recognition that we are on the right track as a company, but at the same time we are also very much aware that this is not the time to become complacent. Climate change is one of the most serious issues our society faces today, and we will take aggressive action to reduce greenhouse gas emissions as reflected in our 2015 goals. Dow is committed to be part of the solution through process innovation and new products.”
Candidates for the Climate Leadership Index were assessed relative to their peers in ten highest carbon-impact clusters. Dow was judged among the best in the Chemicals sector. Climate Leadership Index members in this sector were distinguished by the disclosure of their strategic awareness of the risks and opportunities of a carbon constrained environment, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.
“Dow has set itself apart among FT500, by enacting a commendable response to global climate change,” said CDP Coordinator, Paul Dickinson. “The global investment community is keenly aware of the risks associated with climate change and hope corporations such as Dow provide a solid example for others in its peer group to follow.”
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. The group of investors is not a legal entity and the Carbon Disclosure Project has no authority to make any other statement on behalf of the participants. Full details on CDP, the CDP reports and the responses from corporations can be found at www.cdproject.net. The CDP4 report was written by Innovest Strategic Value Advisors www.innovestgroup.com
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