#Cleantech #Podcast – Dow Inc. (NYSE: $DOW) Ranked 4th in Top
100 #Water #Polluters
October 11, 2023 - Investorideas.com, a global news source and leading investor
resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change
Podcast.
Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2023/101123-Cleantech.mp3
Read this in full at https://www.investorideas.com/news/2023/cleantech-podcasts/10111Dow-Water-Polluter.asp
Listen
to the cleantech and climate change podcast on Spotify
Transcript
Good morning. As you drink
your daily glass of water I want this podcast to be in your thoughts today. Dow
Inc. (NYSE:DOW) is a name most of us know. Dow had sales of
approximately $57 Billion in 2022, and is a large producer of plastics,
including polystyrene, polyurethane, polyethylene, polypropylene and synthetic
rubber. It is also a major producer of ethylene oxide, various acrylates,
surfactants and cellulose resins.
Dow is ranked 4th
in terms of the top 100 water polluters according to the Political Economy
Research Institute.
Toxic 100 Water Polluters Index (2022 Report, Based on 2020 Data)
(Click on column
headers to re-sort table: current sort is by Toxic 100 Water Rank.)
|
Millions of pounds discharged to public sewage treatment
works |
|||||||
|
1 |
148,935,444,216 |
<0.01 |
0.20 |
35% |
11% |
100% |
|
|
2 |
60,823,822,110 |
0.27 |
4.02 |
14% |
27% |
97% |
|
|
3 |
45,021,037,511 |
0.02 |
<0.01 |
36% |
34% |
100% |
|
|
4 |
39,668,371,826 |
0.36 |
0.18 |
48% |
63% |
97% |
|
|
5 |
25,038,754,640 |
3.04 |
0.44 |
26% |
16% |
99% |
But here is where it gets
interesting (and you may want to spit out that water!)
From news this May, “Dow (NYSE:DOW) has been named a Supplier
Engagement Leader for addressing climate change for the second consecutive year
by CDP, a global non-profit that runs the world's environmental disclosure
system for companies, cities, states, and regions.
“In 2022, Dow achieved an A
score for climate change action in the supply chain and earned its place once
again amongst the top-rated companies featured on CDP's Supplier Engagement
Leaderboard. This score stands alongside Dow's A- rating from CDP for climate,
forests and water.”
Water??? Water???
Am I missing something
here? Is this a Charles Dickens sequel as a tale of two companies?
Let’s say it again, Dow is
ranked 4th in the top 100 polluters.
From
their Website: Addressing climate change
is one of the major challenges to achieving a sustainable future. As both a
major user of energy and a producer of technologies that are essential to a
lower-carbon economy, we have a responsibility to act. We're committed to
working with our suppliers, customers and value chain partners to ensure Dow's
ecosystem is carbon neutral by 2050.
“Within our own operations,
we are optimizing the efficiency of our operations, investing in renewable
energy sources and innovating new low-emission production processes. We also
are collaborating with our customers to produce products that contribute to a
lower-carbon footprint.”
“On sustainability they say
“Building on our 2025 Sustainability Goals, these targets put us on a path to
achieve carbon neutrality by 2050, eliminate plastic waste in our environment
and increase our positive impacts on society, our customers and our business.”
But what about the water?
In March of this year, it was reported, “New Jersey announced a lawsuit this week
against the Dow Chemical Company and other companies for widespread
contamination of drinking water by a potentially cancer-causing chemical. The
state is accusing the companies of manufacturing, selling and promoting
products containing 1, 4-dioxane for decades in New Jersey, despite knowing the
chemical was harmful and would pollute drinking water supplies.”
“Considered a likely human
carcinogen, 1, 4-dioxane was used primarily from the 1950s through the 1990s as
an industrial metal cleaner. According to the complaint, the chemical has been
detected in groundwater samples at more than 490 sites throughout the state.”
This is just one of many
stories over the years, so why pretend they are advocates for the environment?
According to an article in Financial Times in August, “A growing number of blue-chip US companies
are using environmental and social factors to decide bonuses for top
executives, but investors are worried the metrics are being gamed to increase
payouts.”
“Three-quarters of S&P
500 companies have disclosed that environmental, social and governance metrics
contributed to executives’ pay, up from two-thirds of companies in 2021,
according to data from The Conference Board and Esgauge, an ESG data analytics
firm.”
Among them are American Express (NYSE: AXP), Dow (NYSE: DOW) and
Southwest Airlines (NYSE: LUV).
So now it makes sense, (and
dollars), for the management of these companies. Put out bogus ESG reports –
make your company look like an environmental hero and pay yourself a big
bonus!
Investors beware and be
aware. Invest in companies that are actually building and creating innovative
water solutions.
If your company has breakthrough technology in the
water/cleantech sector and would like to be a guest on this podcast and tell
your story please call me at 800 665 0411. We would love to tell a positive
story.
Visit our water stocks
directory
https://www.investorideas.com/Water-Stocks/Stock_List.asp
Thanks, that’s it for today. Do something good for this beautiful planet
each and every day.
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
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