Dow Releases Carbon Partnership Report
MIDLAND, MI – In its 2020 Carbon Partnership Report, Dow details the carbon reduction impact of over 20 carbon mitigation projects in more than 12 countries done in collaboration with the Olympic Movement. These projects are part of partnerships with the International Olympic Committee (IOC) and Organizing Committees of the Olympic Winter Games Sochi 2014 and the Olympic Games Rio 2016, making the collaboration between the two organizations one of the most comprehensive carbon mitigation efforts in the history of the IOC and the Olympic games.
Together, these carbon partnerships have delivered third-party verified emission reductions of more than 5.1 million metric tons of carbon dioxide equivalent (CO2e) since they were launched. The report outlines how Dow’s partnerships with the Olympic Movement have brought new levels of science, innovation and collaborations across key value chains, going beyond business as usual to advance the adoption of technologies and practices that can build a low-carbon economy.
“Achieving a low-carbon economy requires new ways of collaborating across value chains, as well as investments in capacity building and low-carbon technologies,” said Nicoletta Piccolrovazzi, Global Technology & Sustainability Director, Dow Olympic & Sports Solutions. “This report provides verified proof of how collaborations that focus on a clear and common goal and go beyond business as usual can create successful, scalable solutions. Our projects go beyond purchasing carbon offsets to encourage behavior changes that result in real emission reductions.”
The pioneering, cross-sector carbon partnerships have used sport as a platform to enhance visibility and a catalyst to drive wider adoption of locally relevant solutions for reducing emissions in key sectors, including the built environment, food and packaging, renewable energy and industry, and soil and forests, while helping to mitigate the operational carbon footprint of the IOC. This also includes Dow and the IOC’s initiative to encourage global sports organizations, both within and outside of the Olympic Movement, to incorporate tangible climate action into their operations and events.
“Climate change is a global crisis of unprecedented proportions,” said Marie Sallois, IOC Director for Corporate and Sustainable Development. “Tackling this crisis requires teamwork, and the Dow 2020 Carbon Report captures the progress we have made by working as a team. Thanks to our partnership with Dow, the IOC is now a carbon neutral organization, committed to becoming climate positive by 2024. Dow has brought clear, robust and credible criteria to ensure that we make a meaningful impact through the power of sport and science.”
Beyond minimizing the environmental impact, the projects highlighted in Dow’s Carbon Partnership Report help catalyze business growth for Dow’s customers and the industries in which they participate.
The 2020 Carbon Partnership Report highlights several ways that Dow’s partnerships help create sustainable economic growth and deliver long-lasting climate benefits. These include projects that leave a positive legacy of both environmental and business benefits, which promote local adoption of more sustainable technology. The partnerships also went beyond traditional purchased offsets to encourage collaborations across key value chains that build capacity and enable new low-carbon technologies to be adopted. Additionally, Dow has developed a portfolio of projects for each partnership to drive the adoption of carbon-saving technologies and practices that advance more sustainable business with a verified and reduced carbon impact.
Each of Dow’s carbon partnerships with the Olympic Movement have met and exceeded the original emission scope target, not only balancing the operational footprints, but also delivering a positive legacy.
The Dow Sochi-Carbon Partnerships resulted in third-party-verified climate benefits amounting to 2.8 million metric tons of CO2e, more than five times its commitment to Sochi 2014.
The Dow-Rio Carbon Partnership has delivered more than 1.5 million metric tons of CO2e to date – exceeding Dow’s commitment to balance the footprint of hosting and staging the Games, and is also leaving a legacy of low-carbon technologies in Latin America.
The Dow-IOC Carbon Partnership has delivered more than 850,000 metric tons of CO2e to date, exceeding the IOC’s goal to be a carbon-neutral organization.
Environmental Resources Management (ERM) provided third-party verification of projects against the Dow Climate Solutions Framework and verified the GHG emission reductions resulting from the projects and assigned to specific footprint owners. Carbon reductions within this report are validated as of September 2020. “Whereas most carbon offset programs are related solely to company operations and performance, Dow was an early actor in making the decision to go beyond its own operations to involve its products, its customers and to leave a positive legacy,” said Braulio Pikman, Technical Director, ERM. “Most projects implemented by Dow are the first of their kind in their region, with independent verification providing credibility and the highest quality results in terms of climate and sustainability benefits.”
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