Dow Inc Stock Price, News & Analysis

DOW has implemented a new water recycling initiative at its Kankakee, IL coatings plant, achieving a 30% reduction in annual wastewater generation and a 14% decrease in water consumption. The project saves the company $100,000 annually and enables the plant to recycle its reverse osmosis (RO) reject water, previously wasted. This high-concentration stream is now redirected into the plant's water supply, allowing for efficient manufacturing processes with acceptable water quality. Identified as a best practice, this initiative has been nominated for a Sustainable Environmental Engagement at Dow (SEED) Award and reflects a positive approach to sustainability while enhancing operational efficiency.

Dow (NYSE: DOW) held its 2023 Annual Meeting of Stockholders on April 13, where it declared a quarterly dividend of 70 cents per share, payable on June 9 to shareholders of record by May 31. This marks the 447th consecutive dividend paid since 1912. Stockholders elected multiple directors for one-year terms, including Richard K. Davis as independent lead director. Notably, they rejected proposals for an Independent Board Chairman and a report on single-use plastics. The meeting approved the advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the independent auditor for 2023. Dow's board is recognized for its diversity, with nearly 60% women or ethnic minorities. Final voting results will be filed in a Form 8-K. Dow's commitment to sustainability continues with future reports on environmental initiatives.

DOW has entered a partnership with Water.org to enhance access to safe water and sanitation in Querétaro, Mexico, on World Water Day. The collaboration aims to provide affordable financing options, including small loans, which will empower local communities to implement sustainable solutions like rainwater harvesting. The initiative supports areas with severe water scarcity, promoting health and well-being for families. This partnership aligns with DOW's commitment to social responsibility and environmental sustainability, providing lasting resources for those in need.

April 5, 2023 - DOW and Rivers are Life have launched a collaborative initiative titled 'Voices of Water.' This project highlights the stories of individuals working to combat pollution in rivers and emphasizes the significance of maintaining healthy waterways for both ecosystems and climate stability.

The joint effort seeks to inspire global action, aiming to support 1,000 projects focused on preserving and restoring river ecosystems. By raising awareness about river plastic pollution, DOW and Rivers are Life are committed to addressing the issue at its source.

DOW has joined forces with the UN and other companies on World Water Day to support the UN Sustainable Development Goals, particularly focusing on Clean Water and Sanitation. This initiative coincides with the UN 2023 Water Conference, aimed at addressing water issues intensified by climate change. The Water Resilience Coalition, led by CEOs, aims to impact over 100 water-stressed basins by 2030. Dow emphasizes the importance of healthy communities for resilient businesses and commits to sharing insights and collaborating to sustainably manage freshwater resources.

DOW emphasizes the critical need for sustainable water management as fresh water supply challenges grow. In a discussion with Carrie Houtman, global sustainability director, DOW is focusing on four areas of influence: operations, product offerings, supply chain, and watershed health. The company aims to enhance operational continuity while addressing the trade-offs between carbon management and water consumption. Key initiatives include managing water resources at six crucial sites, innovating in food packaging to reduce water usage, and collaborating with suppliers. DOW encourages collective responsibility for water stewardship as part of broader environmental goals.

DOW recently announced the launch of EVOWASH™, an innovative washing technology designed to enhance the quality of mechanically recycled plastics. This new solution addresses key challenges in plastic recycling, such as contaminant removal and foam management, improving the production of high-quality post-consumer-recycled (PCR) plastic resins. EVOWASH™ offers significant benefits including:

• Twice the adhesive removal efficiency.
• Enhanced optical quality of recycled plastics.
• Three times less foam dosage, promoting cost efficiency.
• Effective odor control.

Ultimately, this technology supports a circular economy for plastics and promotes the transformation of the recycling process.

DOW emphasizes the role of digital transformation in enhancing the B2B customer experience. In a discussion with Dan Futter, DOW's Chief Commercial Officer, and Mehdi Miremadi from McKinsey, they highlight the ongoing transformation in the industry over the past decade. Miremadi notes that successful digital integration requires a nuanced understanding of operations, supply chains, and commercial processes. Futter stresses the importance of improving customer journeys by simplifying product discovery and purchase experiences. This evolution aims to create a more enjoyable and efficient experience for customers.