Dow Chemical

Dow Chemical Benelux
Quick Facts
Type	Public
sector	Chemical Industries
Headquarters (Benelux Organization)	Terneuzen, Netherlands
Year of Origin	1955
Emissions (All Scopes)	104 Megatons of CO2 (2020) (Dow Inc.)
Net Income	USD$ 1.3 billion (2020) (Dow Inc.)
Key People	Anton van Beek(President-director Benelux) Jim Fitterling(CEO & Chairman Dow Inc.)
Subsidiaries	Dow Inc. consists of 400 subsidiaries

Dow Inc (International)

Dow inc, was founded in 1897 by H.H Dow an electrochemical pioneer. Dow Chemicals manufactures plastics, chemicals, and agricultural products. The company has 36,500 employees and 109 manufacturing sites in 31 different countries. The headquarters are located in Michigan, United States. In 2020, Dow chemical reported a net income of 1.3 billion USD. Net sales were 38,542 million USD.

Dow Chemical (Benelux)

Dow Chemical Benelux styled as Dow Chemical, is part of Dow Inc. Dow has been active in the Benelux since 1955. In 1961 Dow purchased a manufacturing site in Terneuzen, The Netherlands. Now Dow Chemical Benelux is located in eight major locations in the Netherlands (Terneuzen, Delfzijl and Dordrecht) and Belgium (Antwerp, Brussels, Tertre, Zwijndrecht and since 2016, Seneffe). With 16 factories, Dow Terneuzen is Dow’s second largest manufacturing site in the world. Besides this, Terneuzen is also the central point for supporting Dow services in Europe, the Middle East, Africa and India. Dow Benelux overall has approximately 4,000 employees , of which 3550 employees work at the location in Terneuzen. The Value Park, located at the Terneuzen site, covers 140 hectares and is targeted at companies working in the chemical industries. The park is located at a convient location as it is directed to railroads, the road network, and international waterways. Futhermore, the park is located to the Dow pipeline that extents from Terneuzen to Antwerp (220km). This pipeline transports ethylene, naphtha and propylene. The size and importance of Dow Benelux to Dow Inc. shows that they are a key player in their field.

Company Structure

Dow Inc. works with two boards, the leadership team and the board of directors. The leadership team is focused on the day-to-day business such as creating strong and balanced growth for their stakeholders. The Board of Directors focuses on the broad corporate policy and the overall performance of the company through oversight of management and stewardship of the company. The board appoints the company’s officers and assigns to them responsibility for the management of the company’s operations.

There is no information available on the structure of the leadership at Dow Benelux. What is known is that Anton van Beek is the president-director of Dow Benelux and that Neil Carr is the president of the operations in Europe.

Leadership Team

Dow Chemical Leadership Team of 2020

Name	Function	Remuneration x1000USD
Jim Fitterling	Chief Executive Officer & Chairman	22211.3
Howard Ungerleider	President and CFO	8475.7
Jack Broodo	President, Feedstocks & Energy	Unkown
Neil Carr	President, Europe, Middle East, Africa, and India	Unkown
Karen S. Carter	Chief HR and Chief Inclusion Officer	Unkown
Diego Donoso	President Packaging & Specialty Plastics	Unkown
Mauro Gregorio	President, Performance Materials & Coatings	Unkown
Melanie Kalmar	Corporate VP Chief Information Officer & Chief Digital Officer	Unkown
Torsten Kraef	Senior VP, Corporate Development	Unkown
Jane Palmieri	President, Industrial Intermediates & Infrastructures; Asia Pacific Oversight	Unkown
John Sampson	Senior VP, Operations, Manufacturing and Engineering	Unkown
A.N. Sreeram	Senior VP, Research & Development and Chief Technology Officer	5185.6
Amy E. Wilson	General Counsel and Corporate Secretary	5729.9

The remuneration is from 2020 and includes 1. Salary, 2. Stock Awards, 3. Option Awards, 4. Non-Equity Incentive Plan Compensation, 5. Change in pension value, 6. Other(Travel Expenses, Tax reimbursements, etc.)

Board of Directors

Dow Chemical Board of Directors Team 2020

Name	Function	Remuneration x1000USD
Jim Fitterling	Chief Executive Officer & Chairman	22211.3
Jeff M. Fettig	Lead Director Dow Inc.	418.8
Samuel R. Allen	Former Chairman and CEO, Deere & Company	325
Ajay Banga	Executive Chairman, Mastercard Inc.	310
Guardie Banister Jr.	Former President and CEO, Aera Energy LLC	185.8
Jacqueline K. Barton	John G. Kirkwood and Arthur A. Noyes Professor of Chemistry	330
James A. Bell	Former Executive VP, Corporate President and CFO, The Boeing Company	342.3
Wesley G. Bush	Former Chairman and CEO Northrop Grumman Corporation	310
Richard k. Davis	President and CEO Make-A-Wish America	310
Jacquiline C. Hinman	Former Chairman, President and CEO CH2M HILL	310
Jill S. Wyant	Executive VP of Innovation and Transformation Ecolab Inc.	278.8
Daniel W. Yohannes	Former U.S. Ambassador to the Organisation for Economic Co-operation and Development	310

The remuneration is of 2020 and includes; Fees earned and stock awards.

Accountant

The independent Auditors of Dow Chemical are Deloitte & Touche LLP (Deloitte). They have been the auditors since 1905.

Operations

Dow Chemical is active in the Chemical sector with products like polystyrene, polyurethane, polyethylene, polypropylene. These products are used in many different markets such as Agriculture, Healthcare, and Packaging.

Dow Chemical does not have royal status. Dow Chemical has not received NOW support from the Dutch government.

Paris Agreement to Today

Dow inc. accepts the scientific consensus that climate change caused by increasing greenhouse gas (GHG) emissions from human activity has serious consequences for the planet and society if left unaddressed. Furthermore, Dow supports the Paris agreement and is committed to achieve the goal of keeping global temperature rise well below 2°C, and to pursue efforts to limit the increase to 1.5°C.

Achievements (Benelux)

In 2020 Dow Chemicals Benelux. initiated a joint development agreement with Shell to develop electrified cracking technology. This technology can be powered by clean energy. Ethylene steam crackers are one of the technologies used by Dow and Shell. This technology relies on fossil fuel combustion. Using renewable electricity could help decarbonize the chemical industry. Currently projects from shell and Amsterdam and Dow in Terneuzen are working to design and scale “e-cracker” technologies.

Current Policies and Emissions

Emissions

Scope 1 and 2

For the Dow inc. GHG emissions report, Scope 1 includes Kyoto Protocol greenhouse gases carbon dioxide (CO2), methane (CH4 ), nitrous oxide (N2 O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6),and nitrogen trifluoride (NF3) as well as any non-Kyoto greenhouse gases emitted. Scope 2 includes carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2 O). Reported Scope 1 and 2 GHG emissions showed little change from 2018.

GHG Emissions (million metric tons of CO2e)

GHG Emissions	2018	2019	2020
Scope 1 GHG Emissions	28.4	27.2	28.2
Scope 2 GHG Emissions - Market-Based	6.66	6.07	6.56
Scope 2 GHG Emissions - Location-Based	7.6	5.2	4.9
Scope 1 + Scope 2 GHG Emissions	35.06	33.27	34.76

Scope 3

Scope 3 emissions are defined by the GHG Protocol as indirect emissions from value chain activities. Estimates include all or a subset of Kyoto GHGs [carbon dioxide (CO2 ), methane (CH4 ), nitrous oxide (N2 O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6 ), and nitrogen trifluoride (NF3 )] depending on the category and estimation methodology.

GHG Emissions (metric tons of CO2e)

GHG Emissions	2018	2019	2020
Scope 3 GHG Emissions - Total	69,162,715	93,942,558	69,256,630
Category 1: Purchased Goods & Services	42,841,461	60,053,499	38,165,559
Category 2: Capital Goods	2,589,912	2,776,452	1,759,939
Category 3: Fuel & Energy-Related Activities	863,304	8,269,846*	4,745,020
Category 4: Upstream Transportation & Distribution	2,158,260	N/A	N/A

(*)Value adjusted to reflect correction of an error since reported in the 2018/2019 Sustainability Report

Scandels

Terneuzen

In 2014 the court in Middleburg gave Dow Benelux BV in Terneuzen a 1.8 million euro fine. Originally 5 million euros were demanded of the company due to various environmental crimes between 2005 and 2008. The crimes were in relation to chemical leaks at the manufacturing sites in Terneuzen. The court could not conclude that there was a lack of safety protocols at Dow Benelux, but could say that the safety protocols were not enforced strictly enough. Therefore, the court demanded 1.8 million euros instead of 5 million.

One of these incidents was in 2005 when a tank with benzene flooded. Another example was in 2006 when benzene was leaking from the pipelines for multiple days. Even though Dow Benelux did hire companies to repair this leak they did not close down the manufacturing site, putting their employees at risk of explosion.

Groningen

In 2011 at one of the daughter companies of Dow Chemicals, Farmsun in Groningen, a fault in loading Sodium off of a train wagon caused for a fire. While off-loading the Sodium off the train wagon several hundred kilos of sodium fell on the ground and caught fire. After several explosions in the building next to the train, the fire department was able to put out the fire. The fire caused for a lot of smoke in the surrounding neighborhoods, the fire department recommended that people keep their windows and doors closed, and to stay inside.

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

Bedrijfsspecifieke Passage in 'de brief'

U heeft uw duurzaamheidsbeleid vastgelegd in uw Environmental, Social and Governance report in 2020.

Wij constateren dat uw ambitie is om in 2030 uw Co2 uitstoot (scope 1, 2 en 3) te verminderen met 15% ten opzichte van 2019 en om in 2050 Co2 neutraal te opereren. U commiteert zich tevens aan het Parijs Klimaatakkoord en stelt binnen de 1.5 graden te willen blijven.

Hoewel deze ambities een stap in de goede richting zijn constateren wij dat de ambitie voor 2030 niet voldoende is om binnen de 1.5 te blijven. Tevens constateren wij dat u niet voldoende concrete plannen heeft opgesteld waaruit blijkt dat u uw ambities gaat realiseren, met name voor uw scope 3 emissies. Dat is een grote tekortkoming en maakt uw ambities niet geloofwaardig.

Daarmee draagt uw bedrijf bij aan gevaarlijke klimaatverandering en loopt u het materiële risico om mensenrechtenschendingen te veroorzaken.