Month: June 2024

Tapestry is honored to announce its inclusion in the USA Today 2024 America’s Climate Leaders list. This recognition underscores our commitment to designing a better future and the impactful strides we have made in our climate action journey. As a house of iconic brands, Tapestry is dedicated to fostering a more sustainable fashion industry through innovation, high standards, and a dedication to reducing our environmental footprint. We do this through our framework, the Fabric of Change, our purpose-led blueprint for our accelerated ambition to make every beautiful choice a responsible choice. 

Pioneering Innovation in Environmentally Preferred Materials 
A key element of our sustainability strategy is a focus on innovation in environmentally preferred materials. We believe that true luxury is about crafting products that respect the planet as much as they inspire our customers. To this end, we have invested in researching and developing high-quality and environmentally preferred materials. 

From using materials made with recycled leather fibers to post-consumer denim in our products, Tapestry is focused on sustainable material innovation. We aim to demonstrate that luxury and sustainability can and must go hand in hand. 

Commitment to the Science Based Targets Initiative (SBTi) 
Our dedication to sustainability is further evidenced by our commitment to the Science Based Targets Initiative (SBTi). By aligning our goals with the latest climate science, we ensure that our strategies are robust, credible, and capable of making a real difference. 

Tapestry has set ambitious goals to reduce our greenhouse gas (GHG) emissions in line with the Paris Agreement’s goal to limit global warming to 1.5°C. This involves a comprehensive approach that includes reducing emissions across our entire value chain, from sourcing and manufacturing to logistics and retail operations. Our targets underscore our belief that the fashion industry has a crucial role to play in addressing the climate crisis, and we are proud to be part of this transformative movement. 

Reductions in GHG Emissions 
One of the cornerstones of our environmental strategy is our approach to reducing greenhouse gas emissions. We are proud to report significant progress against our Scope 1 & 2 targets, reaching a 57% decrease in FY2023 since our FY2021 baseline. This has been accomplished through transitioning to renewable electricity sources, with 80% of our electricity from renewable electricity sources globally in our own operations in FY2023. 

In addition, in FY2023 we achieved a 24% decrease in our Scope 3 Forest, Land, and Agriculture (FLAG) GHG emissions compared to our FY2021 baseline, thanks to a combination of innovative practices, strategic partnerships, and a culture of continuous improvement. Our efforts are about reducing carbon emissions and creating a resilient business model that can thrive in a low-carbon economy. 

Looking Ahead 
We will continue to innovate, set ambitious targets, and work collaboratively with our stakeholders to drive meaningful change. Being named to the USA Today 2024 Climate Leaders list is both an accolade and a reinforcement to further our efforts and inspire others to join us on this critical journey. 

At Tapestry, we believe that the future of fashion is not just about what we create but how we create it.

Learn more about Tapestry’s commitment to sustainability at tapestry.com/responsibility/our-planet/

Tapestry is honored to announce its inclusion in the USA Today 2024 America’s Climate Leaders list. This recognition underscores our commitment to designing a better future and the impactful strides we have made in our climate action journey. As a house of iconic brands, Tapestry is dedicated to fostering a more sustainable fashion industry through innovation, high standards, and a dedication to reducing our environmental footprint. We do this through our framework, the Fabric of Change, our purpose-led blueprint for our accelerated ambition to make every beautiful choice a responsible choice. 

Pioneering Innovation in Environmentally Preferred Materials 
A key element of our sustainability strategy is a focus on innovation in environmentally preferred materials. We believe that true luxury is about crafting products that respect the planet as much as they inspire our customers. To this end, we have invested in researching and developing high-quality and environmentally preferred materials. 

From using materials made with recycled leather fibers to post-consumer denim in our products, Tapestry is focused on sustainable material innovation. We aim to demonstrate that luxury and sustainability can and must go hand in hand. 

Commitment to the Science Based Targets Initiative (SBTi) 
Our dedication to sustainability is further evidenced by our commitment to the Science Based Targets Initiative (SBTi). By aligning our goals with the latest climate science, we ensure that our strategies are robust, credible, and capable of making a real difference. 

Tapestry has set ambitious goals to reduce our greenhouse gas (GHG) emissions in line with the Paris Agreement’s goal to limit global warming to 1.5°C. This involves a comprehensive approach that includes reducing emissions across our entire value chain, from sourcing and manufacturing to logistics and retail operations. Our targets underscore our belief that the fashion industry has a crucial role to play in addressing the climate crisis, and we are proud to be part of this transformative movement. 

Reductions in GHG Emissions 
One of the cornerstones of our environmental strategy is our approach to reducing greenhouse gas emissions. We are proud to report significant progress against our Scope 1 & 2 targets, reaching a 57% decrease in FY2023 since our FY2021 baseline. This has been accomplished through transitioning to renewable electricity sources, with 80% of our electricity from renewable electricity sources globally in our own operations in FY2023. 

In addition, in FY2023 we achieved a 24% decrease in our Scope 3 Forest, Land, and Agriculture (FLAG) GHG emissions compared to our FY2021 baseline, thanks to a combination of innovative practices, strategic partnerships, and a culture of continuous improvement. Our efforts are about reducing carbon emissions and creating a resilient business model that can thrive in a low-carbon economy. 

Looking Ahead 
We will continue to innovate, set ambitious targets, and work collaboratively with our stakeholders to drive meaningful change. Being named to the USA Today 2024 Climate Leaders list is both an accolade and a reinforcement to further our efforts and inspire others to join us on this critical journey. 

At Tapestry, we believe that the future of fashion is not just about what we create but how we create it.

Learn more about Tapestry’s commitment to sustainability at tapestry.com/responsibility/our-planet/

Raven Industries, a brand of CNH and leader in precision ag technology, showcased its latest automation technology at Agrishow 2024.

These innovative solutions are proven to streamline farming operations and increase productivity and profitability.

CNH is putting the customer first with a transformed approach to precision technology, providing easy-to-use and open innovation for all customers, applications, and fleets. Leveraging its proven track record of leading innovation, Raven accelerates integration with CNH platforms, ensuring a reliable and consistent user experience for customers worldwide with scalable technology for machines of different ages, models, brands, and sizes.

At Agrishow, Raven showcased the latest advancements as well as its comprehensive portfolio of proven ag tech solutions that expand productivity, efficiency, and job quality.

“Raven’s latest automated solutions, including the Raven CRx Guidance Kit and the Augmenta Field Analyzer, are a testament to our customer-focused approach. These offerings provide farmers with robust, user-friendly and open technology solutions for their daily tasks, ultimately enhancing productivity and profitability through automation,” said Gregory Riordan, Director of Precision Technology – South America for CNH. 

Raven offers a comprehensive portfolio of precision agriculture innovations for all operations. Users can learn more about Raven’s full solution suite by visiting www.ravenind.com or talking to their local Raven dealer.

Raven Industries, a brand of CNH and leader in precision ag technology, showcased its latest automation technology at Agrishow 2024.

These innovative solutions are proven to streamline farming operations and increase productivity and profitability.

CNH is putting the customer first with a transformed approach to precision technology, providing easy-to-use and open innovation for all customers, applications, and fleets. Leveraging its proven track record of leading innovation, Raven accelerates integration with CNH platforms, ensuring a reliable and consistent user experience for customers worldwide with scalable technology for machines of different ages, models, brands, and sizes.

At Agrishow, Raven showcased the latest advancements as well as its comprehensive portfolio of proven ag tech solutions that expand productivity, efficiency, and job quality.

“Raven’s latest automated solutions, including the Raven CRx Guidance Kit and the Augmenta Field Analyzer, are a testament to our customer-focused approach. These offerings provide farmers with robust, user-friendly and open technology solutions for their daily tasks, ultimately enhancing productivity and profitability through automation,” said Gregory Riordan, Director of Precision Technology – South America for CNH. 

Raven offers a comprehensive portfolio of precision agriculture innovations for all operations. Users can learn more about Raven’s full solution suite by visiting www.ravenind.com or talking to their local Raven dealer.

Marks the 20th year of voluntary sustainability reporting from the CompanyIncludes comprehensive disclosures in accordance with leading standards and frameworks for accountability and transparency

MIDLAND, Mich., June 18, 2024 /3BL/ – Dow (NYSE: DOW) released its 2023 INtersections Report today, highlighting how the Company is advancing its ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world. The report also highlights Dow’s environmental, social and governance commitments to deliver long-term value and best-in-class performance through innovation and strategic collaborations that will support a more sustainable future.

The report affirms Dow’s focus on four key areas that are critical to its business and stakeholders, including protecting the climate, advancing a circular economy and safer materials, cultivating a thriving team and community, and driving accountability and best-in-class performance.

“This year’s report demonstrates how Team Dow is putting our ambition into action and collaborating to create innovative, sustainable solutions through our materials science,” said Dow chair and CEO Jim Fitterling. “Sustainability and inclusion are key drivers of our growth and are integral to how we create value for our customers, communities and shareholders. In 2023, we continued to make progress toward our targets while driving positive change for people and the planet.”

The 2023 report marks the 20th year of voluntary sustainability reporting from Dow and sixth year of inclusion, diversity and equity reporting.

Notable accomplishments outlined in this year’s report, which is based on full-year 2023 data, include:

Protecting the climate

Approved the final investment decision to build the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives facility in Fort Saskatchewan, Alberta, Canada. The project, which will decarbonize 20% of Dow’s global ethylene capacity, is critical to delivering on the Company’s 2030 emissions reduction target while also contributing to the commercialization of low-to-zero emissions products.Sourced more than 50% of Dow’s purchased electricity, or more than 1,000 megawatts (MW), from renewables, exceeding the Company’s 2025 target of 750 MW.Laid the groundwork to expand Dow’s Protect the Climate targets to include climate adaptation benchmarks focused on water and nature. The new Water & Nature strategy is designed to support resiliency for Dow sites and surrounding natural ecosystems.Achieved Dow’s 10-year 2025 Valuing Nature Goal two years ahead of schedule, realizing $1.2 billion in net present value for business-driven projects that enhance nature.Launched several innovative products that contribute to Greenhouse Gas (GHG) emissions reductions, such as EcoSense™ 2470 Surfactant for home care market, ENDURANCE™ HFDD-4201 SC Compound for Cable Systems, and a new range of propylene glycol (PG) solutions made from alternative feedstocks that are bio-based or circular.

Advancing a circular economy and safer materials

Aligned more than 89% of Dow’s R&D innovation pipeline to the focus areas of climate protection, circular economy and safer materials.Worked alongside customers to create more circular, high-performing solutions, including SURLYN™ REN and SURLYN™ CIR Ionomers using circular and bio-based feedstocks that help create high-quality cosmetic packaging.Launched 12 new grades of REVOLOOP™ Recycled Plastics Resins, Dow’s global line of resins made with up to 70% mechanically recycled post-consumer plastics waste.Received a CIO 100 Award for its Smart Search tool that revolutionizes the search process for chemicals and saves research time and cost by identifying leads for testing materials amongst the over 200 million known chemicals.

Cultivating a thriving team and community

Increased best-in-class employee resource group participation by four percentage points from 2022, with 60.8% participation from Dow employees.Named one of the 25 World’s Best Workplaces™ by Great Place To Work® and FORTUNE.Partnered with 640 nonprofits, educational institutions and other community organizations to accelerate social change and create a more sustainable and equitable future.Achieved approximately $335 million of certified diverse and small business spend globally, surpassing its $275 million target.

Driving accountability and best-in-class performance

Enhanced disclosures for Board of Director qualifications, enterprise risk management and leadership succession planning.Refreshed the Dow Code of Conduct in alignment with industry best practices.Continued to outpace industry peers in the percentage of Board members and executive leadership who are U.S. ethnic minorities.

Building on the longstanding commitment to transparency and accountability to the stakeholders, the Company advanced disclosures in several areas in its 2023 report, including:

Launched a comprehensive Water & Nature strategy, committing to sustainable water management and the protection of biodiversity.Made significant strides in disclosing quantitative progress toward its Transform the Waste goals and defining clear metrics to track and communicate its achievements.Includes enhanced disclosures in line with Green Bond principles and specific investments like the Fort Saskatchewan Alberta Canada project.Enhanced its Scope 3 emissions reporting, aligning it with its circularity strategy for end-of-life products.Committed to high integrity offsets for residual emissions, ensuring that its Greenhouse Gas (GHG) Emissions Offset Positioning reflects its dedication to credible and impactful climate action.

The 2023 environmental, social and governance disclosures were prepared in accordance with five leading standards and frameworks, including the Global Reporting Initiative (GRI), the Greenhouse Gas (GHG) Protocol, the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and the World Economic Forum’s (WEF) Stakeholder Capitalism Metrics. Dow engaged Deloitte & Touche, LLP to perform a review engagement and obtain limited assurance on management’s assertion related to disclosures presented in accordance with the 2021 GRI Sustainability Reporting Standards as of, and for the year ended, December 31, 2023, and related to Scopes 1, 2 and 3 emissions presented in accordance with the Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standards under its Corporate Standards for the year ended December 31, 2023.

About Dow 
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

For further information, please contact:

Sarah Young 
+1.989.638.6871 
syoung3@dow.com

X: https://twitter.com/DowNewsroom 
Facebook: https://www.facebook.com/dow/ 
LinkedIn: http://www.linkedin.com/company/dow-chemical 
Instagram: http://instagram.com/dow_official

SOURCE The Dow Chemical Company

Marks the 20th year of voluntary sustainability reporting from the CompanyIncludes comprehensive disclosures in accordance with leading standards and frameworks for accountability and transparency

MIDLAND, Mich., June 18, 2024 /3BL/ – Dow (NYSE: DOW) released its 2023 INtersections Report today, highlighting how the Company is advancing its ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world. The report also highlights Dow’s environmental, social and governance commitments to deliver long-term value and best-in-class performance through innovation and strategic collaborations that will support a more sustainable future.

The report affirms Dow’s focus on four key areas that are critical to its business and stakeholders, including protecting the climate, advancing a circular economy and safer materials, cultivating a thriving team and community, and driving accountability and best-in-class performance.

“This year’s report demonstrates how Team Dow is putting our ambition into action and collaborating to create innovative, sustainable solutions through our materials science,” said Dow chair and CEO Jim Fitterling. “Sustainability and inclusion are key drivers of our growth and are integral to how we create value for our customers, communities and shareholders. In 2023, we continued to make progress toward our targets while driving positive change for people and the planet.”

The 2023 report marks the 20th year of voluntary sustainability reporting from Dow and sixth year of inclusion, diversity and equity reporting.

Notable accomplishments outlined in this year’s report, which is based on full-year 2023 data, include:

Protecting the climate

Approved the final investment decision to build the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives facility in Fort Saskatchewan, Alberta, Canada. The project, which will decarbonize 20% of Dow’s global ethylene capacity, is critical to delivering on the Company’s 2030 emissions reduction target while also contributing to the commercialization of low-to-zero emissions products.Sourced more than 50% of Dow’s purchased electricity, or more than 1,000 megawatts (MW), from renewables, exceeding the Company’s 2025 target of 750 MW.Laid the groundwork to expand Dow’s Protect the Climate targets to include climate adaptation benchmarks focused on water and nature. The new Water & Nature strategy is designed to support resiliency for Dow sites and surrounding natural ecosystems.Achieved Dow’s 10-year 2025 Valuing Nature Goal two years ahead of schedule, realizing $1.2 billion in net present value for business-driven projects that enhance nature.Launched several innovative products that contribute to Greenhouse Gas (GHG) emissions reductions, such as EcoSense™ 2470 Surfactant for home care market, ENDURANCE™ HFDD-4201 SC Compound for Cable Systems, and a new range of propylene glycol (PG) solutions made from alternative feedstocks that are bio-based or circular.

Advancing a circular economy and safer materials

Aligned more than 89% of Dow’s R&D innovation pipeline to the focus areas of climate protection, circular economy and safer materials.Worked alongside customers to create more circular, high-performing solutions, including SURLYN™ REN and SURLYN™ CIR Ionomers using circular and bio-based feedstocks that help create high-quality cosmetic packaging.Launched 12 new grades of REVOLOOP™ Recycled Plastics Resins, Dow’s global line of resins made with up to 70% mechanically recycled post-consumer plastics waste.Received a CIO 100 Award for its Smart Search tool that revolutionizes the search process for chemicals and saves research time and cost by identifying leads for testing materials amongst the over 200 million known chemicals.

Cultivating a thriving team and community

Increased best-in-class employee resource group participation by four percentage points from 2022, with 60.8% participation from Dow employees.Named one of the 25 World’s Best Workplaces™ by Great Place To Work® and FORTUNE.Partnered with 640 nonprofits, educational institutions and other community organizations to accelerate social change and create a more sustainable and equitable future.Achieved approximately $335 million of certified diverse and small business spend globally, surpassing its $275 million target.

Driving accountability and best-in-class performance

Enhanced disclosures for Board of Director qualifications, enterprise risk management and leadership succession planning.Refreshed the Dow Code of Conduct in alignment with industry best practices.Continued to outpace industry peers in the percentage of Board members and executive leadership who are U.S. ethnic minorities.

Building on the longstanding commitment to transparency and accountability to the stakeholders, the Company advanced disclosures in several areas in its 2023 report, including:

Launched a comprehensive Water & Nature strategy, committing to sustainable water management and the protection of biodiversity.Made significant strides in disclosing quantitative progress toward its Transform the Waste goals and defining clear metrics to track and communicate its achievements.Includes enhanced disclosures in line with Green Bond principles and specific investments like the Fort Saskatchewan Alberta Canada project.Enhanced its Scope 3 emissions reporting, aligning it with its circularity strategy for end-of-life products.Committed to high integrity offsets for residual emissions, ensuring that its Greenhouse Gas (GHG) Emissions Offset Positioning reflects its dedication to credible and impactful climate action.

The 2023 environmental, social and governance disclosures were prepared in accordance with five leading standards and frameworks, including the Global Reporting Initiative (GRI), the Greenhouse Gas (GHG) Protocol, the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and the World Economic Forum’s (WEF) Stakeholder Capitalism Metrics. Dow engaged Deloitte & Touche, LLP to perform a review engagement and obtain limited assurance on management’s assertion related to disclosures presented in accordance with the 2021 GRI Sustainability Reporting Standards as of, and for the year ended, December 31, 2023, and related to Scopes 1, 2 and 3 emissions presented in accordance with the Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standards under its Corporate Standards for the year ended December 31, 2023.

About Dow 
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

For further information, please contact:

Sarah Young 
+1.989.638.6871 
syoung3@dow.com

X: https://twitter.com/DowNewsroom 
Facebook: https://www.facebook.com/dow/ 
LinkedIn: http://www.linkedin.com/company/dow-chemical 
Instagram: http://instagram.com/dow_official

SOURCE The Dow Chemical Company