Published 02-26-08
Submitted by OLD - Dow Chemical Company
MIDLAND - February 25, 2008 - Corporate Responsibility Officer (CRO) Magazine has named The Dow Chemical Company (NYSE:DOW) one of America's "100 Best Corporate Citizens" of 2008. This is the first time in the Awards' nine-year history that Dow has made the list, securing a place in the top 15 and ranking ahead of all other chemical companies.
"This is a remarkable achievement," said Andrew Liveris, Dow's chairman and chief executive officer. "To be recognized as one of the leading corporate citizens in the United States is a tribute to every one of our 46,000 people - our Human Element - and speaks volumes to the progress we have made towards our vision of being the largest, most profitable, most respected chemical company in the world."
To compile the list, CRO commissioned IW Financial, the country's leading consultancy in environment, social and governance ratings, to assess more than 1,000 U.S.-headquartered companies against eight dimensions of corporate citizenship. For each of the categories - climate change, employee relations, environment, financial, governance, human rights, lobbying and philanthropy - companies were evaluated using a variety of sources and assigned a score to reflect their performance. The final rankings were determined using a weighted average of the eight categories.
"Our commitment to Set the Standard for Sustainability demands leading as a corporate citizen," said Dave Kepler, Dow's chief sustainability officer. "Sustainability connects to the conscience of our company, and goes beyond as a platform for business growth and innovation."
This recognition follows several other accolades received by Dow that reflect its commitment to corporate citizenship around the globe, including:
About Dow
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.