Dow is leading by example. Today it is the top user of renewable energy in the chemical industry. Dow has reduced its greenhouse gas emissions by 15% over the last 15 years. It plans to reduce them by another 15% by 2030 and go net carbon-neutral by 2050.
Dow also addresses the negative impact of plastic packaging in its sustainability targets. One of its goals is to remove one million tonnes of plastic waste from the environment by 2030. Another goal is to “close the loop” for its products by making all of its products reusable or recyclable by 2035.
Dow continues to look for projects to support at the local level in various countries through the Alliance to End Plastic Waste. It also helps to fund businesses in the resource recovery sector through its contributions to venture capital firm Circulate Capital, which focuses on circular economy businesses and projects.
According to Jon Penrice, President, Dow Mobility, the circular economy must zoom in on local communities, providing solutions within a smaller radius.
The solutions in local communities are possible through partnerships with governments and recycling companies to implement them widely and tackle the problem at scale.
Dow has implemented more than 100 projects that make use of innovation and such partnerships to devise solutions.
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