Advancing Water Stewardship and Resilience

Originally published in Dow's 2022 INtersections Progress Report

NORTHAMPTON, MA / ACCESSWIRE / August 24, 2023 / As one of the largest materials science companies in the world, Dow depends on a steady supply of fresh water to create the products that are essential for everyday life and human progress. We strive to use our technology, expertise and partnerships to help conserve and promote regenerative water use, protect watersheds and create a future where clean water is abundant and available to all.

OUR APPROACH

To date, we have focused our efforts on reducing freshwater intake intensity by 20% by 2025 at six key water-stressed sites. 2022 was a challenging year, with droughts occurring at three of our key water-stressed sites - Terneuzen, the Netherlands, and Freeport and Seadrift, both in Texas. Droughts not only impact water availability but also water quality, which in turn increases water demand. See GRI 3-3 Management approach - Water Stewardship for more information. We continue to engage with customers, communities and other stakeholders to improve water quality and access in our key watersheds. In 2023, we are broadening our water stewardship ambition and actions to include our supply chain and product innovation:

2022 Actions

Collaborating to Conserve the World's Freshwater Resources

As a founding member of the Water Resilience Coalition (WRC) under the U.N. Global Compact, Dow is working collaboratively with other corporations and organizations such as the World Resources Institute, The Nature Conservancy (TNC) and Water.org to enhance water stewardship management at the watershed level. By sharing knowledge and resources, coalition members seek to achieve greater impact in building the resilience of water-stressed basins around the world - prioritizing those that pose the greatest risk to local economies, industry and longterm economic prosperity. Through the WRC, Dow has pledged to accomplish three overarching commitments by 2050:

"As the climate continues to change, the impacts on our shared freshwater resources are far-reaching," said Dow Chair and CEO Jim Fitterling. "Businesses like Dow depend on having abundant fresh water to ensure the continued safe operation of our manufacturing facilities worldwide. We have both the responsibility and opportunity to collaborate with other sectors of society on solutions, combining our resources and efforts to ensure there are sustainable and resilient freshwater resources for all."

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SOURCE: DOW