“Team Dow’s operational and financial discipline and an enhanced focus on our people and culture enabled us to deliver a resilient performance in 2023. We have always known that our business succeeds when our employees thrive. Our recognition on the Fair360 Top 50 Companies list is a validation of the progress we have made and encourages us to keep striving for better outcomes.”
“We are proud to receive this recognition from Fair360 as it benchmarks us against the best while motivating us to take even more deliberate actions to drive sustainable progress for all. At Dow, we believe that diverse teams are more innovative and better-performing teams, and that is why we are on a journey to institutionalize inclusion, diversity and equity into everything we do.”
From the Company
In 2023, we delivered meaningful results and visible progress:
- Improved overall workforce diversity representation of ethnic minorities in the U.S. and women globally.
- Comprised of 50% women and 50% U.S. ethnic minorities, Dow’s leadership team remains in the top quartile for gender and ethnic diversity relative to industry peers.
- Continued to outpace the S&P 500 for board diversity. Today, Dow’s Board is made up of 33% women and 33% U.S. ethnic minorities.
- Continued to redefine best-in-class ERG participation with 60.8% of employees and 98% of leaders participating in at least one of our 10 ERGs globally. On average, ERG participants reported 14% points higher overall satisfaction with Dow than non-ERG participants.
- Increased spend with certified diverse suppliers, retained 84% of diverse suppliers from the previous year and launched the first Dow Accelerator mentorship program for diverse suppliers.
- Increased spend with certified diverse suppliers across 17 countries and 5 continents, and doubled participation in Dow’s Diverse Supplier Accelerator mentorship program.
- Expanded self-identification capabilities in Workday to include sexual orientation, gender identity and pronouns and allow U.S. employees to share more dimensions of their diversity.
- Hosted signature SOAR Inclusion Summit in conjunction with the LPGA Dow Championship for customers, suppliers, community members and partners with featured guest, Derek Jeter.
- Published INtersections Ambition Report highlighting Dow’s ESG progress and conducted off-cycle governance roadshows with key investors.
