Dow : 2024 INtersections Progress Report
DOW
Published on 06/18/2025 at 08:13
INtersections
2024 PROGRESS REPORT | ADVANCING OUR AMBITION
About This Report
Message From Our Chair and CEO
ADVANCING OUR AMBITION
Advancing Our Ambition at the Intersection of Sustainability and Science
Purpose in Action: 2024 Highlights
2025 Sustainability Goals Progress
PROTECTING THE CLIMATE
Climate Protection
Decarbonization
Decarbonization and Climate Mitigation
Decarbonization Actions and Progress
Water & Nature
14 Healthy Ecosystems and Climate Adaptation
CULTIVATING A THRIVING TEAM AND COMMUNITIES
Health & Safety
19 Fostering a Culture of Safety, Health and Wellness
20 Actions for a Safe, Reliable and Productive Workplace
Inclusion
21 Advancing Inclusion as a Competitive Advantage
Community
25 Passionate People. Powerful Partnerships. Intentional Impact.
DRIVING ACCOUNTABILITY AND BEST-IN-CLASS PERFORMANCE
Corporate Governance
28 Accountability in Action Through Corporate Governance
Reporting & Disclosures
30 GRI Disclosure Report
ADVANCING A CIRCULAR ECONOMY AND SAFER MATERIALS
115
Greenhouse Gas (GHG) Protocol Disclosure Report
Circular Economy
121
GHG Protocol Assurance Statement
15 Circular Economy
122
Task Force on Climate-related Financial Disclosures (TCFD) Report
16 Our Actions to Advance a Circular Economy
133
Sustainability Accounting Standards Board (SASB) Disclosure Report
114 GRI Assurance Statement
136
Analyst Data Summary
141
United Nations Sustainable Development Goals
143
Appendix
Safer Materials
18 Prioritizing Safer Materials
DOW | 2024 Progress Report | 2
The 2024 INtersections Progress Report reflects Dow's performance as of, and for the year ended, December 31, 2024, showcasing the Company's continual advancement of its ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world. The information in this report is presented on behalf of Dow Inc. and The Dow Chemical Company and its consolidated subsidiaries (collectively, "Dow").1
Building on the foundation of reporting in accordance with the Global Reporting Initiative (GRI) Standards and the Greenhouse Gas (GHG) Protocol Disclosure Report, Dow has also included disclosures on its climate-related performance and strategies in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Dow continues to reference the disclosures of the Sustainability Accounting Standards Board (SASB) Standards for the Chemical Sector and aligns with the World Economic Forum's (WEF) Stakeholder Capitalism Metrics. For more information about Dow's approach to reporting, see GRI 3-3 Management Approach -Transparency & Reporting.
This report has been reviewed by Dow Inc.'s Board of Directors. Dow's management is responsible for the completeness, accuracy and validity of the disclosures referenced or included in the GRI Content Index as of, and for the year ending, December 31, 2024. Management is also responsible for the collection, quantification and presentation of the information included in the 2024 INtersections Progress Report and for the selection of the criteria, which management believes provide an objective basis for measuring and reporting on the disclosures.
Dow engaged Deloitte & Touche LLP to perform a review engagement on management's assertion related to the disclosures included in the GRI Disclosure Report - GRI Content Index as of, and for the year ending, December 31, 2024, and the GHG disclosures in the GHG Protocol Disclosure Report for the year ended December 31, 2024. Information outside of the disclosures referenced or included in the GRI Content Index and the GHG Protocol, including linked information, was not subject to Deloitte & Touche LLP's review and, accordingly, Deloitte & Touche LLP does not express a conclusion or any form of assurance on such information. See Deloitte's GRIand GHG Protocolassurance statements as linked.
Additional reporting that may be of interest to the reader can be found at Corporate.dow.com↗, including:
2023 INtersections Progress Report↗
2023 Employer Information EEO-1 Report | Dow Corporate↗
Dow Inc. Annual Report on Form 10-K~↗ for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (SEC) on February 4, 2025
2025 Proxy Statement↗ filed with the Securities and Exchange Commission (SEC) on February 28, 2025
Thank you for your interest in Dow's report. Dow welcomes your questions, comments and feedback. You may contact any of the following senior leaders: Andre Argenton, Chief Sustainability Officer and Vice President, Environment, Health &
Safety; Rebecca Bentley, Vice President, Public Affairs; Andrea Dominowski, Corporate Controller; Alveda Williams, Chief Inclusion Officer; or Amy Wilson, General Counsel and Corporate Secretary with your comments or questions at [email protected].
1 Consolidated subsidiaries as defined in Dow Inc. Annual Report on Form 10-K~↗ for the year ended December 31, 2024, filed with the SEC on February 4, 2025.
^ Dow's workforce data is gathered through a centralized Human Resources management system database containing all employee information. The employee data is updated by employees, managers and Human Resources when employee information changes occur. Throughout the report the data represents the active global employee population as of December 31, 2024, and includes all permanent, full-time and part-time employees. Temporary employees and non-employee populations are excluded unless otherwise stated. Employees voluntarily self-identify their demographics (e.g., gender and race/ethnicity) and have the option to not disclose their data to Dow. These responses are listed as "Not Disclosed" in Dow's reporting. Throughout this report, disclosures exclude employees whose gender or race is unknown, and percentages may not add up to 100% due to rounding.
~ This symbol indicates that the link to the audited financial statements included in 2024 Annual Report on Form 10-K~↗ were audited by Deloitte & Touche LLP and the audit report, dated February 4, 2025, is included therein. This also includes the link to the Quarterly Reports on Form 10-Q, which were reviewed by Deloitte & Touche LLP.
↗ This symbol indicates that information at this location is an externally linked document or a new data element not previously included in the INtersections Progress Report, and the information was not subject to Deloitte & Touche LLP's review. Accordingly, Deloitte & Touche LLP does not express a conclusion or any form of assurance on such information.
DOW | 2024 Progress Report | 3
Team Dow remains agile and focused on taking proactive actions to improve profitability in the midst of persistent macroeconomic challenges, while delivering value to our customers, shareholders, and society. In 2024, we made meaningful progress to answer customer demands for sustainable products, reduce greenhouse gas (GHG) emissions and drive circularity. Our high-performance culture enabled Team Dow to help advance the materials science industry and create stronger communities. Our best-in-class governance enhanced transparency and continued to foster a culture of integrity and alignment with shareholder interests. Here are a few highlights of our progress in 2024.
PROTECTING THE CLIMATE
In 2024, we continued to implement our Decarbonize & Grow strategy and launched our Water & Nature strategy. Both are critical for long-term business growth.
We began construction on our Path2Zero project in Fort
Saskatchewan, Alberta, Canada. The project is expected to deliver attractive returns and become the world's first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives facility. To maintain financial flexibility and align with market realities, in April 2025 we announced the delay of construction until market conditions improve. We remain committed to the strategic rationale of this project and our long-term asset decarbonization strategy.
We replaced end-of-life energy assets at our site in Plaquemine, Louisiana, with new technologies that provide resilient and reliable steam and power supply to the site while reducing carbon dioxide emissions by
>350 kilotons annually and reducing river water usage by 30%.
We launched our next-generation Water & Nature strategy, designed to
We engaged customers on ways we can help them meet their Scope 3 emissions reduction targets with low-carbon-emissions products enabled by our decarbonization efforts, and introduced comprehensive GHG accounting for Dow, based on the Carbon Footprint Ledger approach.
ADVANCING A CIRCULAR ECONOMY AND SAFER MATERIALS
Our capital-efficient approach with industry-leading partnerships is expanding our portfolio of high-value, sustainable products that meet customer demand.
We accelerated progress toward our Transform the Waste goal by acquiring Circulus, a U.S.-based mechanical recycler. This will add a capacity
of 50,000 metric tons of recycled materials annually. It enables Dow to provide customers with high-
performance circular resins for a wide range of applications in the industrial, consumer and transportation markets.
We grew our circular product portfolio by adding new applications, such as
new grades of REVOLOOP™ Recycled Plastics Resins, and expanding our bio-based and readily biodegradable MaizeCare™ Clarity Polymer for
personal care products. These support a lower-carbon-emissions materials ecosystem and help our customers address their sustainability goals.
CULTIVATING A THRIVING TEAM AND COMMUNITIES
We continue to advance a culture that enables our people, our Company, and our communities to grow and thrive.
Dow was recognized by Great Place To Work®and Fortune as one of the 25 World's Best Workplaces™ for the second consecutive year.
We partnered with more than
600 nonprofits, educational institutions, and other community organizations globally to positively impact lives in the regions where we operate.
ACCOUNTABILITY IN ACTION
We conduct business according to Dow's values while strengthening our governance practices to promote
good decision-making and a culture of
integrity to create long-term value for our shareholders.
We continued to enhance our Board of Director qualification assessments and disclosures.
We advanced our focus on executive leadership succession planning and refreshment.
Inside this report you will find examples of the many ways we continue to advance our ambition. Every day, Team Dow strives to deliver a sustainable future and create long-term value for all our stakeholders. Thank you for your interest in learning more about our Company.
Best regards,
Jim Fitterling
Chair and Chief Executive Officer
help build water resilience for our sites and the surrounding communities, conserve habitat in key ecosystems, and positively impact nature throughout the value chain.
DOW | 2024 Progress Report | 4
At Dow, we are committed to leveraging our materials science expertise and collaborating with partners for a sustainable future. Fueled by the passion and expertise of Team Dow, we are unwavering in our dedication to create long-term profitable growth for our shareholders, our Company and society through our focus on innovation and sustainability.
AMBITION
To be the most innovative, customer-centric, inclusive and sustainable materials science company in the world
PURPOSE
To deliver a sustainable future for the world through our materials science expertise and collaboration with our partners
GOAL
Value growth and
best-in-class performance
Integrity Respect for People Protecting Our Planet
~$43B
net sales in 2024
2024 Net Sales by
2024 Net Sales by
~36,000
employees
91
manufacturing sites
operating in 30 countries
20
% OF TOTAL
NET 51
28 SALES
Corporate: 1%
Packaging & Specialty Plastics
Industrial Intermediates & Infrastructure
Performance Materials & Coatings
11
18
% OF 38
TOTAL NET SALES
33
United States & Canada
Europe, Middle East, Africa & India
Asia Pacific Latin America
ADVANCING OUR AMBITION
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Disclaimer
Dow Inc. published this content on June 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 18, 2025 at 12:12 UTC.