For the sixth year, the Carbon Disclosure Project (CDP) has named The Dow Chemical Company to the “Carbon Disclosure Leadership Index,” reinforcing Dow’s leadership in energy efficiency and its commitment to innovative climate change solutions that contribute to human progress and the growth of its business. CDP has included Dow in the index in recognition of Dow’s internal data management and its understanding of climate change related issues affecting the Company.
“Dow has been a pioneer in industrial energy efficiency and is dedicated to developing best practices to address the challenges of energy and climate change. So we are very pleased to be recognized as a leader by the CDP,” said Doug May, vice president of energy, climate change and alternative feedstocks.
The CDP index identifies companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. Companies are evaluated based on their responses to CDP’s 2010 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
From 1990 to 2009, Dow reduced its energy intensity by 38%, saving 1,700 trillion Btu, which is the equivalent to the electrical energy used by all residential buildings in California for a year. Through its corporate energy efficiency and conservation program, Dow has prevented more than 90 million metric tons of carbon dioxide from entering the atmosphere.
“Dow provides a wide array of innovative products and solutions that enable our customers and partners to manage greenhouse gas emissions and unlock dramatic improvements in the energy and climate change profiles of their business,” said May. “We are committed and uniquely positioned to being a key contributor in the transition to a sustainable energy future.”
“The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use,” said Paul Dickinson, Chief Executive of the Carbon Disclosure Project. “Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies’ understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks.”
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making.
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