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Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

CDLI Incorporates Dow For Its Transparency High Scores In Disclosing Climate Change Data


Transparency being the target of Dow in providing ‘climate change-related information’ to the stakeholders, the company has found its place in the top “Climate Disclosure Leadership Index”.

Dailycsr.com – 11 December 2015 – The Dow Chemical Company earned the recognition of a leader from CDP for “reporting and disclosure” in climate change related issues. The DCC is an international non-profit working towards transforming “the way the world does business” in order to protect and prevent world’s natural resources.
Making its way into the “S&P 500 Climate Disclosure Leadership Index” of 2015, Dow has earned hundred percent score, being the “highest possible disclosure score”. The CDP index awards the recognition to only top ten percent of companies that report “for disclosure of high-quality carbon emissions and energy data”, whereby Dow’s Global Energy Director, Seth Roberts stated:
“At Dow, we are committed to leading the transition to a sustainable energy future, and the 2015 CDP score is one more step along our journey. The future of energy will require businesses to make the most efficient use of available energy resources – including cost-effective, clean energy alternatives, and our strategy is to find win-win solutions that are good for the environment and good for business.”
The reporting on climate change is increasingly gaining popularity and taking an important priority for “external stakeholders” as a result “thousands of companies” submit their “annual climate disclosures to CDP”. Among the disclosures, the ones receive the top scores indicate a “high level of transparency” in their disclosure related to climate change information, meaning the same provide the investors with a comfort zone, wherein the latter can take informed decisions regarding accountability, prepare themselves for “changing market demand” and cope with the tightening “emissions regulation”.
However, the Executive Chairman at CDP, Paul Dickinson, who also happens to be the co-founder of the same, remarked:
“As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.
The CDLI recognition falls well in line with “2025 Sustainability Goals” of Dow. Moreover, the company plans on advancing the “well-being of humanity” in order to push forward the “transition” towards fabricating a “sustainable planet and society”. Moreover, the BusinessWire writes:
“As part of the World-Leading Operations Performance Goal, Dow seeks to achieve the following by 2025: maintain absolute greenhouse gas emissions below our 2006 baseline; obtain 400 megawatts (MW) of power from renewable sources; and ensure our trajectory for absolute emissions from operations and purchased power meet internationally recognized targets for a 2° maximum global temperature rise”.