Integrated report highlights Dow’s comprehensive achievements across environmental, social and governance commitments, as well as inclusion, diversity, and equity efforts

Builds on 17-year history of leadership in reporting transparency and sustainability disclosures
Provides streamlined access to data and disclosures aligned with key ESG reporting frameworks

Dow Inc. (NYSE: DOW) today released “INtersections,” its first consolidated Environmental, Social and Governance (ESG) Report highlighting the Company’s significant progress to fully integrate environmental stewardship and positive social impact throughout its operations, teams, supply chain and communities. Dow’s 2020 ESG Report builds on its annual Sustainability Reports, which Dow has published since 2003, and its annual Inclusion and Diversity Reports, Shine, which Dow has published since 2018.

Dow’s INtersections report details how the company is delivering on its ambition and commitments to change the world for the better. Specific areas of focus include actions to reduce its carbon footprint, foster a circular economy for plastics, support its communities, and accelerate an equitable workforce. Additionally, the INtersections report highlights Dow’s best-in-class corporate governance practices that drive accountability and protect the long-term interest of its stakeholders.

“The events of 2020 affirmed the important and positive role Team Dow plays in the lives of our many stakeholders,” said Jim Fitterling, chairman and CEO of Dow. “We take that role seriously, and with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners, we made impressive gains toward our ESG priorities. The launch of this year’s consolidated ESG report reiterates our commitment to set bold goals, measure our progress, and increase the transparency of our performance.”

This comprehensive report applies ESG management and reporting principles to Dow’s sustainability and corporate social responsibility strategy, building on the Company’s long-standing commitment to environment, health and safety, inclusion and diversity, community engagement and corporate governance.

Key highlights in the 2020 ESG Report include:

Environmental Performance: Inroads for Sustainable Development

Valuing Nature: Realized $100 million in business value from nature-related projects that are both good for the environment and for business, for a total of $530 million since inception. This marks the midpoint of Dow’s $1 billion target by 2025.
Close the Loop: Tripled sales of products made with renewable raw materials. Today, 81 percent of Dow products for packaging applications are reusable or recyclable. Dow also introduced its first post-consumer recycled (PCR) resin for shrink film.
Scaling E-Cracker Technology: Working to develop an electrified cracking technology powered by clean energy in partnership with Shell, a breakthrough for dramatically reducing emissions across the industry.

Inclusion & Diversity: Intention, Action and Sustainable Progress

Dow ACTs: Dow launched a holistic framework and commitment for improving Advocacy, Community engagement, and the Talent pipeline (ACT) and pledged to invest more than $10 million over the next five years to address systematic racism and social inequality.
Investing Internally: Despite the challenges of 2020, Dow achieved its highest-ever overall employee satisfaction level of 74 percent.
Engaging Employees for Impact: Today, 98 percent of Dow’s people leaders participate in Employee Resource Groups (ERG), with 2,000 new participants in the past year, reaching best-in-class participation company-wide. Through its ALL IN ERG Fund, Dow distributed $250,000 to impactful community projects around the globe.
Supplier Diversity: A strong focus on expanding the reach of Dow’s Supplier Diversity program led to $112 million spent with diverse suppliers, and 52 new diverse vendors.
Supporting Vets: Dow launched a new Military Degree Equivalency Program (MDE) that helps level the playing field for veterans seeking careers in the U.S. and Canada.
Recognition: Moved up 15 spots on the DiversityInc® Top 50 Companies for Diversity List, and recognized as a leader in inclusion and diversity by Great Place to Work, Human Rights Campaign, Disability: IN, Out & Equal, INvolve, National Organization on Disability, Forbes, PEOPLE Magazine, Economic Dividends for Gender Equality (EDGE), and the Financial Times.

Community: Investing in Our People and Places Where We Work and Live

Purpose-Driven Investing: Contributed more than $33.6 million to community programs globally to promote inclusion in communities, build the workforce of tomorrow, and support sustainable business development and disaster relief.
Inspiring Employees: Galvanized more than 13,800 employees to participate in volunteer efforts around the world. This led to milestones such as more than 1.2 million pounds of waste collected via Dow’s #PullingOurWeight cleanups.

Corporate Governance: Instrumental to Accountability

Transparency: Continued implementation of Task Force on Climate-related Financial Disclosures guidelines and Sustainability Accounting Standards Board standards.
Industry-Leading Diversity: Continued to refresh our Board of Directors with an emphasis on diverse experience and skillsets, appointing four new directors in 2020-2021. Today, Dow’s Board of Directors are 55% women or U.S. ethnic minority.
Leadership: Dow’s senior leadership has the highest percentage of U.S. ethnic minority representation and second highest percentage of women leaders compared to industry peers.
Accountability: Redesigned the annual Performance Award bonus program to include new ESG metrics. This reflects the accountability and commitment Team Dow has for delivering against the company’s mission for sustainability, inclusion and diversity.

The 2020 ESG Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Comprehensive option. It also includes reporting against the Sustainability Accounting Standards Board (SASB) Standard and the Taskforce on Climate-related Financial Disclosures (TCFD) guidelines. Dow is also working with Deloitte & Touche LLP (“Deloitte”) to perform a review engagement on management’s assertion related to the ESG disclosures referenced in the Global Reporting Initiative (GRI) Content Index as of, and for the year-ended December 31, 2020.
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