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Corporate Social Responsibility
News
9.12.2006 - 01:35pm ET
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The Dow Chemical Company Named to Dow Jones Sustainability Index for Sixth Time
(CSRwire) Midland, MI - September 12, 2006 - The Dow Jones Sustainability
World Index (DJSI World) has rated Dow as one of the top performers in the
global chemical industry, a recognition Dow has received for the sixth time
since the launch of the index in 1999.
The annual review by Dow Jones is based on a thorough assessment of
companies' economic, environmental and social performance. The Dow Jones
Sustainability World Index covers the leading 10 percent of the world's
top 2500 companies in terms of economic, environmental and social
criteria.
"We are extremely proud of this external validation, which reinforces that
Dow's focus on sustainability is on track. We see this as an important
step towards setting the standard for sustainability in the chemical
industry," said David Graham, vice president, Environment, Health & Safety
(EH&S). "Dow's overall score increased from 71 percent last year to 84
percent this year, a reflection of the development and introduction of our
2015 Sustainability Goals and the significant progress we made on our
previous 2005 EH&S goals. This recognition is the direct result of the
personal commitment of thousands of people at Dow to using our expertise
in science and technology to address critical challenges facing our
world."
Of note, Dow received a 100 percent score in the areas of Environmental
Reporting, Advanced Environmental Performance, Genetically Modified
Organisms and Human Capital Development.
Inclusion in the Dow Jones Sustainability World Index can lead to several
benefits:
Financial benefits resulting from investments based on the index
Enhanced recognition by the public and important stakeholders, such as
legislators, customers and employees
Highly visible results, because all components are publicly
communicated by Dow Jones
In announcing results of the annual review for the Dow Jones
Sustainability Indexes, Alexander Barkawi, managing director, SAM Indexes
noted: "The market for sustainability investing has again made important
steps ahead over the last 12 months. New sustainability mandates from
pension funds, increasing interest among foundations, and an emerging
market for sustainability-driven private wealth management are cases in
point for that. Rising concern about short-termism in financial markets
gives further impetus to this development."
For more information on the Dow Jones Sustainability World Index visit www.sustainability-index.com
and for information about benchmarking of sustainability performance see www.sam-group.com.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science
and technology to constantly improve what is essential to human progress.
The Company offers a broad range of innovative products and services to
customers in more than 175 countries, helping them to provide everything
from fresh water, food and pharmaceuticals to paints, packaging and
personal care products. Built on a commitment to its principles of
sustainability, Dow has annual sales of $46 billion and employs 42,000
people worldwide. References to "Dow" or the "Company" mean The Dow
Chemical Company and its consolidated subsidiaries unless otherwise
expressly noted.
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