Seven sustainability goals have been set out that Dow Chemicals hopes to achieve by 2025 including advancing the circular economy.
Its sustainability targets are designed to develop breakthrough product innovations that positively impact on the lives of 1 billion people and deliver $1 billion in cost savings or new cash flow for the company.
On its advancing the circular economy pledge, Dow said it will work with other industry leaders, non-profit organisations and governments to deliver six major projects that facilitate the world’s transition to a circular economy, where waste is designed into new products and services.
In its pledge on world-leading operations performance, Dow will see to reduce its waste intensity footprint and freshwater intake by 20%.
Since introducing its previous Environment, Health & Safety Goals in 2005, Dow has seen an investment of $1 billion lead to savings of $5 billion in safety, waste, water and energy.
Dow chairman and chief executive Andrew N.Liveris said: “Our 2025 sustainability goals will help redefine the role of business at its intersection with society. They will be our guide as we work to improve the wellbeing of humanity with solutions that are good for business and good for the world.”