Dow Inc - DOW STOCK NEWS

Dow (NYSE:DOW) has announced an agreement to acquire Circulus, a leading plastic waste recycler, to advance its 2030 Transform the Waste goal. The acquisition includes two facilities in Oklahoma and Alabama, with a total capacity of 50,000 metric tons per year of post-consumer resin (PCR). The transaction is expected to close in Q3 2024, subject to regulatory approval.

This strategic move will combine Dow's materials science technology with Circulus' film recycling expertise, enabling Dow to directly produce more high-performing circular products for applications such as packaging, industrial, consumer, and transportation markets. The acquisition supports Dow's commitment to transform 3 million metric tons of plastic waste and alternative feedstocks into circular and renewable solutions annually by 2030.

Dow and Teach For All have expanded their collaboration to enhance STEM education in underserved areas globally. The program will be implemented in Argentina, Japan, Nigeria, Spain, and for the first time in the US. Dow's investment aims to recruit, train, and place STEM teachers, impacting over 10,000 students and showing up to a 30% improvement in student performance since 2022. This collaboration seeks to ensure equitable access to STEM education and support educator professional development.

In 2023, Dow emphasized sustainability and innovation, implementing strategies to reduce greenhouse gas emissions and promote circular economy initiatives.

Key milestones included the approval of the Fort Saskatchewan Path2Zero project and partnerships to advance renewable energy and recycling technologies. Dow aims to reduce Scope 1 and 2 GHG emissions by 15% by 2030 while increasing annual earnings by $3 billion.

Other notable achievements include strategic collaborations for bio-based ethylene production, significant progress in inclusion, diversity, and equity (ID&E), and enhanced governance and transparency measures.

Overall, Dow is committed to long-term value creation for shareholders and stakeholders by building a sustainable, inclusive, and innovative future.

Four Dow (NYSE:DOW) leaders have been recognized on INvolve's 2024 Empower Role Model Lists for their efforts in promoting diversity and inclusion in the workplace. The honorees include Mauro Gregorio, Karen S. Carter, Amit Shah, and Shruti Bahadur. These individuals were selected for their leadership roles in breaking down barriers for people of color.

Mauro Gregorio, the outgoing president of Performance Materials & Coatings, and Karen S. Carter, president of Packaging & Specialty Plastics, were named to the Empower Executives Role Model List. Amit Shah and Shruti Bahadur were named to the Empower Future Leaders Role Model List. This recognition highlights their commitment to fostering an inclusive environment at Dow. Alveda J. Williams, Dow's chief inclusion officer, praised their contributions to creating a more equitable workplace.

INvolve's Empower Role Model Lists celebrate leaders who are driving inclusion and representation within global businesses. Dow's recognition follows previous acknowledgments on the INvolve Heroes Women Role Model Lists, the inaugural Enable Role Model List, and the Outstanding LGBTQ+ Role Model Lists.

On June 20, 2024, Dow announced a unique initiative blending art and science at its innovation center in Spring House, Pennsylvania. The facility, known for its extensive research on waterborne coatings, has expanded its role to become an educational platform in partnership with the Winterthur Museum and the University of Delaware's Art Conservation program (WUDPAC). This collaboration provides first-year WUDPAC graduate students with hands-on exposure to paint composition, aging mechanisms, and performance testing. The initiative underscores the importance of understanding material properties in art conservation and celebrates the 70th anniversary of the paint series 54K. The event marks a significant intersection between technical volunteerism and community engagement, highlighting Dow's commitment to advancing both scientific and artistic fields.

Dow (NYSE: DOW) has announced the acquisition of Circulus, a North American polyethylene recycler, to bolster its mechanical recycling capabilities. This acquisition includes two facilities in Ardmore, Oklahoma, and Arab, Alabama, which collectively add an annual recycling capacity of 50,000 metric tons. The deal is expected to close in Q3 2024, pending regulatory approval. This move aligns with Dow's 2030 Transform the Waste goal, enabling the production of higher-performing circular products for various markets. Circulus' expertise in film recycling complements Dow's materials science capabilities, enhancing Dow's offerings in industrial, consumer, and transportation applications.

Dow (NYSE: DOW) has published its 2023 INtersections Report, the 20th annual sustainability report, highlighting progress on environmental, social, and governance (ESG) commitments.

Key points include a final investment decision on a net-zero emissions ethylene facility in Alberta, sourcing over 50% of electricity from renewables, and achieving $1.2 billion in net present value from nature-enhancing projects.

Innovative product launches and the development of biodegradable and circular products were also highlighted.

Additionally, Dow reported increased employee engagement, recognition as a top workplace, and significant community and diversity investments.

The report enhanced disclosures in several areas, aligning with leading standards and frameworks.

Dow (NYSE:DOW) has been awarded six SEAL Business Sustainability Awards for 2024, recognizing its excellence in sustainable innovation and products. The honors include acknowledgments of innovations in silicones chemistry. Notably, the SILASTIC™ SST 2650 Self-Sealing Silicone received awards in both the Sustainable Innovation and Sustainable Product categories. Other winning products include the DOWSIL™ ACP-3089 Antifoam Compound, DOWSIL™ 2080 Resin, DOWSIL™ IE-9100 Emulsion, and DOWSIL™ 991 Silicone High Performance Sealant. These awards underscore Dow's commitment to sustainability and innovation, highlighting its mission to deliver high-performing, sustainable solutions.

Dow (NYSE:DOW) has advanced to the #3 position on Fair360’s 2024 Top 50 Companies list.

This marks the seventh consecutive year Dow has been on the list and the second year in the top 10.

The list, formerly known as DiversityInc Top 50 Companies, evaluates companies on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.

Dow also ranked on 12 specialty lists, including #1 for Executive Fairness Councils and #5 for ESG and Philanthropy.

This recognition aligns with other recent accolades such as being named a Great Place to Work® and inclusion in Fortune's 100 Best Companies to Work For®.

Jim Fitterling, Dow's CEO, emphasized the importance of equity and inclusion for innovation and business success.