Dow achieved an A score for climate change action in the supply chain in 2022
Dow has been named a Supplier Engagement Leader for addressing climate change for the second consecutive year by CDP, a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions.
In 2022, Dow achieved an A score for climate change action in the supply chain and earned its place once again amongst the top-rated companies featured on CDP’s Supplier Engagement Leaderboard. This score stands alongside Dow’s A- rating from CDP for climate, forests, and water.
Reflecting on this great achievement, Dow’s Chief Purchasing Officer, Cathy Budd commented: “Only by effectively engaging our suppliers in emission reduction initiatives can Dow achieve scalable decarbonization at the pace required to meet our 2050 carbon neutrality targets. Scope 3 emissions represent approximately 70% of Dow’s carbon footprint, with more than half of those originating from purchased raw materials, transportation, and other services. We need our suppliers to reduce their climate emissions to enable reductions throughout the value chain.”
CDP evaluates supplier engagement best practices in GHG emissions reduction and climate change issues using an independent Supplier Engagement Rating (SER). The rating considers company responses to questions across four key areas: governance, targets, scope 3 emissions accounting and supplier engagement. In addition, an organization’s overall CDP climate change performance is also factored into the rating.
“Being amongst the highest-scoring companies on CDP’s SER system demonstrates that Dow is proactively collaborating with our supply chain partners to incentivize transparent and accurate disclosure of upstream emissions and drive accelerated climate action.” said Leticia Jensen, Dow’s Global Purchasing Director for Sustainability, Supplier Diversity and ESG. “I am proud to see our global cross-functional teams being recognized for their relentless commitment to building sustainable and resilient supply chains.”
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