Dow Announces More Than $9 Million in Community Investments in Alberta

Rhea-AI Summary

Dow (NYSE:DOW) announced over $9 million CAD in community investments in Alberta, coinciding with its Fort Saskatchewan Path2Zero expansion project. The investments include:

1. $6.8 million CAD for Fort Saskatchewan's new aquatics facility and Access for Everyone program
2. $2 million CAD for the Fort Saskatchewan Nourishment Centre
3. $350,000 CAD for Ducks Unlimited's Prairie Potholes conservation project
4. $150,000 CAD for STEM and skilled trades education for Indigenous students

These investments align with Dow's commitment to positively impact local communities and the environment. The Path2Zero project aims to create the world's first net-zero emissions integrated ethylene cracker and derivatives site for Scopes 1 and 2 emissions, demonstrating Dow's focus on decarbonization and sustainable growth.

Positive

• Dow is investing over $9 million CAD in community projects in Alberta
• The Fort Saskatchewan Path2Zero expansion project aims to create the world's first net-zero emissions integrated ethylene cracker and derivatives site
• Investments support various community initiatives, including recreation, food security, conservation, and education

Negative

• None.

Insights

Corporate Social Responsibility Expert

Dow's substantial community investments in Alberta demonstrate a strong commitment to corporate social responsibility and local development. The $9 million investment spans important areas like recreation, food security, environmental conservation and education.

The $6.8 million CAD for the aquatics facility and Access for Everyone program shows dedication to community well-being and inclusivity. The $2 million CAD for the Nourishment Centre addresses food insecurity, a critical social issue. Environmental efforts are supported through the $350,000 CAD grant to Ducks Unlimited, aligning with sustainability goals.

These investments, coupled with the Path2Zero expansion project, position Dow as a responsible corporate citizen balancing industrial growth with community and environmental needs. This approach can enhance Dow's reputation, potentially leading to improved stakeholder relations and long-term business sustainability.

Environmental Sustainability Analyst

Dow's Path2Zero expansion project in Fort Saskatchewan is a significant step towards decarbonization in the chemical industry. Creating the world's first net-zero emissions integrated ethylene cracker and derivatives site for Scopes 1 and 2 emissions is a pioneering move that could set new industry standards.

The $350,000 CAD grant to Ducks Unlimited for Prairie Potholes conservation demonstrates a commitment to biodiversity and ecosystem preservation. This aligns with growing investor focus on companies' environmental impacts beyond their direct operations.

By combining industrial decarbonization with community-level environmental initiatives, Dow is adopting a holistic approach to sustainability. This strategy could potentially mitigate regulatory risks, attract environmentally conscious investors and position the company favorably in a low-carbon economy transition.

• $6.8 million CAD will support design and construction of the City of Fort Saskatchewan's new aquatics facility and the Access for Everyone program

• $2.5 million CAD will support a nourishment centre in Fort Saskatchewan, a conservation project for Prairie Potholes, and STEM and skilled trades education for Indigenous students

FORT SASKATCHEWAN, AB / ACCESSWIRE / October 8, 2024 / Dow (NYSE:DOW) hosted a partnership event to recognize key business and community partners and government officials for their commitment to the Company's Fort Saskatchewan Path2Zero expansion project. The project will create the world's first net-zero emissions integrated ethylene cracker and derivatives site with respect to Scopes 1 and 2 emissions.

The event included announcements of major community investments from the Dow Company Foundation for the City of Fort Saskatchewan's new aquatics facility, including an equitable access program; the Fort Saskatchewan Nourishment Centre (formerly Food Bank); Ducks Unlimited; and STEM and skilled trades programming support for Indigenous students.

"These collaborations reflect Dow's belief that our actions should positively impact the communities where we operate and the environment we share," said Don Cameron, Dow Alberta Operations site director. "As we continue with our Path2Zero expansion project, we embrace this responsibility and strive to actively create meaningful and positive change to help our communities thrive."

Dow's funding will support the following:

• $5.6 million CAD toward the design and construction of the City of Fort Saskatchewan's new aquatics facility and $1.2 million CAD toward a reserve fund for the Access for Everyone program to provide equitable access to recreation, culture programs and city facilities. This reserve fund will act as an endowment to provide a sustainable funding source for residents in need both today and well into the future.

• More than $2 million CAD toward the Fort Saskatchewan Nourishment Centre, including $1.2 million CAD for the building fund, additional resources for the building of a community kitchen and funding for a refrigerated vehicle to help expand delivery services so the most vulnerable residents can more easily access services.

• A $350,000 CAD grant to Ducks Unlimited to support conservation efforts for the Prairie Potholes near Lacombe, Alberta.

• And a $150,000 CAD grant to support STEM and skilled trades education pipelines for Indigenous students by collaborating with Trade Winds to Success, Indspire, and the University of Alberta's I-STEAM Pathways and Indigenous youth participation in the DiscoverE program.

"We are thrilled to see Dow's continued investment in our community, and we know these partnerships will profoundly impact the lives of residents in Fort Saskatchewan and the surrounding regions," said Fort Saskatchewan Mayor Gale Katchur. "We are so proud that Dow has chosen our city for its expansion project, and we look forward to continued growth and prosperity together."

The Fort Saskatchewan Path2Zero expansion project is part of the Company's outlined and clear path to decarbonize its manufacturing facilities while growing and delivering low-carbon products to customers. The project and community investments illustrate Dow's focus on best-in-class performance while contributing to long-term value creation for our customers, shareholders and community members.

"We are incredibly grateful for the opportunity to partner with Dow in our mission to address food insecurity and alleviate hunger," said Amanda Bell, executive director of the Fort Saskatchewan Nourishment Centre. "For years, our leaders, board members and volunteers have envisioned a time when we would fully own our forever home. A seemingly insurmountable goal has been achieved. We will better the lives of our residents in a truly meaningful way and enable us to bring people and organizations together, streamline and target needed services, and create vital connections to promote advocacy, societal change, self-esteem, personal and professional growth opportunities and to build community."

About Dow in Canada
In Canada, Dow employs approximately 700 people. Headquartered in Calgary, Alberta, Dow Canada has four manufacturing locations: Fort Saskatchewan and Prentiss (Lacombe County) in Alberta; and West Hill (Toronto) and St. Clair River (Corunna) in Ontario. Dow produces polyethylene in Alberta. The St. Clair River site modifies polyethylene and polypropylene. At the West Hill location, Dow manufactures water-based emulsions, which go into a variety of products, the biggest single application being latex paint.

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:

Jess MacDonald
780-998-8426
jmacdonald1@dow.com

View additional multimedia and more ESG storytelling from DOW on 3blmedia.com.

Contact Info:

Spokesperson: DOW
Website: https://www.3blmedia.com/profiles/dow
Email: info@3blmedia.com

SOURCE: DOW

View the original press release on accesswire.com

FAQ

What is Dow's (DOW) recent investment in Alberta communities?

Dow (DOW) recently announced over $9 million CAD in community investments in Alberta, including $6.8 million for Fort Saskatchewan's aquatics facility, $2 million for the Nourishment Centre, $350,000 for conservation, and $150,000 for Indigenous education programs.

What is Dow's (DOW) Fort Saskatchewan Path2Zero expansion project?

Dow's (DOW) Fort Saskatchewan Path2Zero expansion project aims to create the world's first net-zero emissions integrated ethylene cracker and derivatives site with respect to Scopes 1 and 2 emissions, demonstrating the company's commitment to decarbonization.

How is Dow (DOW) supporting food security in Fort Saskatchewan?

Dow (DOW) is investing over $2 million CAD in the Fort Saskatchewan Nourishment Centre, including $1.2 million for a building fund, resources for a community kitchen, and funding for a refrigerated vehicle to expand delivery services.

What environmental initiatives is Dow (DOW) supporting in Alberta?

Dow (DOW) is supporting environmental initiatives in Alberta by granting $350,000 CAD to Ducks Unlimited for conservation efforts of the Prairie Potholes near Lacombe, Alberta.