Dow Chemical, one of the largest chemical companies in the world, is headquartered in Midland, Michigan, United States of America. The company operates in the Basic & Diversified Chemicals sector and has a global presence in more than 160 countries. Dow Chemical is committed to providing innovative and sustainable solutions to its customers, while also reducing its carbon footprint and contributing to decarbonisation efforts.

Decarbonisation is a global challenge that requires collective action from governments, businesses, and individuals. Dow Chemical recognises the importance of reducing greenhouse gas emissions and has set ambitious targets to achieve carbon neutrality by 2050. The company has already made significant progress towards this goal by reducing its absolute greenhouse gas emissions by 15% since 2006. Dow Chemical has also committed to reducing its net annual carbon footprint by 5 million metric tons by 2030.

One of the key ways in which Dow Chemical is contributing to decarbonisation efforts is through its corporate energy strategy. The company is committed to increasing the use of renewable energy sources and reducing its reliance on fossil fuels. Dow Chemical has set a target to source 750 MW of renewable energy by 2025, which is equivalent to powering more than 200,000 homes. The company is also exploring new technologies and partnerships to accelerate the transition to a low-carbon economy.

Corporate power purchase agreements (PPAs) are an important tool for companies looking to increase their use of renewable energy. Dow Chemical has entered into several corporate PPAs to support its renewable energy goals. In 2019, the company signed a 10-year agreement to purchase 200 MW of wind power from a wind farm in Texas. This PPA will provide Dow Chemical with a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects.

Dow Chemical is also investing in renewable energy projects directly. In 2020, the company announced plans to build a new solar power plant in Texas, which will have a capacity of 200 MW. This project will help Dow Chemical to meet its renewable energy targets and reduce its carbon footprint. The company is also exploring new technologies such as hydrogen fuel cells and carbon capture and storage to further reduce its greenhouse gas emissions.

In addition to its efforts to increase the use of renewable energy, Dow Chemical is also focused on improving energy efficiency and reducing energy consumption. The company has set a target to improve energy efficiency by 15% by 2025. To achieve this goal, Dow Chemical is implementing a range of energy-saving initiatives, such as upgrading equipment and improving process efficiency. These efforts not only reduce the company's carbon footprint but also help to lower operating costs and improve profitability.

Dow Chemical is also committed to promoting sustainability throughout its supply chain. The company works closely with its suppliers to ensure that they meet its high standards for environmental and social responsibility. Dow Chemical has developed a Supplier Code of Conduct, which outlines its expectations for suppliers in areas such as human rights, labour practices, and environmental stewardship. The company also conducts regular audits of its suppliers to ensure compliance with these standards.

In conclusion, Dow Chemical is a leading chemical company that is committed to sustainability and decarbonisation. The company is taking bold steps to reduce its carbon footprint and increase its use of renewable energy sources. Through its corporate energy strategy, Dow Chemical is demonstrating that it is possible for businesses to be profitable while also contributing to a more sustainable future. By investing in renewable energy, improving energy efficiency, and promoting sustainability throughout its supply chain, Dow Chemical is setting a positive example for other companies to follow.