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Corporate Social Responsibility
News
2.26.2008 - 11:30am ET
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Dow Ranks One of America’s '100 Best Corporate Citizens'
(CSRwire) 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:
Dow was recently recognized as one of the most socially responsible
global companies in China, or "the multinational company with the most
caring Chinese heart," by the Foreign Investment in China Magazine under
the Ministry of Commerce.
In September 2007, Dow was once again rated one of the top
performers in the global chemical industry by the 2007 Dow Jones
Sustainability World Index (DJSI World). Dow's 2015
Sustainability Goals were deemed a key factor in this
recognition.
In December 2007, the Whitehead School of Diplomacy and
International Relations - a school of Seton Hall University - awarded
Andrew Liveris and the people of Dow its annual global citizenship award,
citing Dow's leadership in the area of climate change and sustainable
development.
During 2007, Dow once again received the highest rating possible for
its standards of corporate governance from GovernanceMetrics International
(GMI).
For more details about CRO's "100 Best Corporate Citizens 2008," the
methodology and CRO Magazine, please visit the CRO website.
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.
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