It’s clear that the complex environmental, economic and social challenges our world faces cannot be solved with yesterday’s thinking. As we celebrate Dow’s 125th anniversary this year, we are reflecting on our heritage of eagerly taking on finding answers to the most pressing challenges and focusing on how we Imagine Better to build a strong foundation for a sustainable and equitable future. It is central to our purpose, to our growth strategy, and to driving best-in-class performance and accountability.

With that, I am happy to share Dow’s 2021 Environmental, Social and Governance (ESG) report, “INtersections,” which offers a holistic look at how we’re advancing our ESG priorities. Within the report, you’ll find how we’re taking new and stronger steps to improve and account for our environmental performance, inclusion, diversity & equity (ID&E), corporate governance and community outreach. I hope you’ll take a look.

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在DOW中，我对我们的ESG优先事项如何充当创新和协作的催化剂，以创建新产品，新业务模型和新方法来为我们所有利益相关者创造价值。

• We’re innovating to meet the increasing needs of our customers and consumers who are demanding more circular and sustainable products. Take our packaging products, for example. Today, 85% of our products sold into packaging applications are reusable or recyclable. And to help stop plastic waste and increase recycling, we also are scaling supply partnerships with companies such as Mura Technology and Fuenix, with the goal of producing circular feedstocks from advanced recycling processes by the end of 2022.
• We are intensifying our actions to reduce global carbon emissions and achieve a carbon-neutral Dow by 2050. The modernization of our manufacturing assets will play a key role in helping us achieve our plan to decarbonize AND grow. In 2021, we announced our plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site at our Fort Saskatchewan, Alberta, complex. The project will triple the site’s ethylene and polyethylene capacity and decarbonize 20% of our global ethylene capacity. At the same time, we are one of the top 25 global corporations using clean energy and are investing in next-generation technology such as electric cracking.
• We are creating a culture that embraces and values differences. To tackle global challenges and innovate for our customers, we need wide-ranging, fresh perspectives from a diverse and inclusive Team Dow. In 2021, our 10 Employee Resource Groups (ERGs) helped drive greater engagement with our people and communities. And to help grow their impact, we introduced new global paid-time-off policies that provide employees with equal opportunity to volunteer and engage in ERG activities.
• 我们正在以新的方式合作，以增强积极影响并推动集体行动。通过道琼斯行为，我们正在建立战略伙伴关系，以帮助解决社区中系统性的种族主义和不平等。2021年，我们加入了Oneten，这是一个企业联盟，在接下来的10年中，在美国，雇用和促进100万黑人的企业联盟从事家庭维持工作。我们还为12个国家 /地区的项目投资了200万美元，包括有助于将塑料废物远离环境的基础设施项目。

从治理的角度来看，我们将继续提高我们所有ESG工作的透明度和问责制。2021年，我们通过改善碳排放和循环报告，改善了气候风险披露和温室气体强度指标，提高了ESG报告和披露的标准。这只是一个开始。在报告中，您会发现许多有关我们不断进步的故事，而我为DOW团队的所有辛勤工作和奉献精神感到自豪。

我们的ESG努力不仅仅是改善和发展我们的业务。他们还旨在建立一个更可持续的世界，并帮助我们的客户和合作伙伴这样做。

Together, we can build the foundation today to give all of us on our planet a better future.

Jim Fitterling, Chairman and Chief Executive Officer