Dow chemicals Business Report. I am writing this report on behalf of Dow chemicals to improve compliance with the two identified global compact principles out of the 10 principles

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Table of Contents

Our Pledge        3

Positives and Negatives         4

Recommendation         5

Benefits and challenges for key stakeholders        5

Implications for key stakeholders         6

Reference        7

Our Pledge

I am writing this report on behalf of Dow chemical’s to improve compliance with the two identified global compact principles out of the 10 principles (principle 6 – “the elimination of discrimination in respect of employment and occupation”, Principle 8 -"Businesses should undertake initiatives to promote greater environmental responsibility").

 The company’s mission is to constantly improve that what is essential to human progress by mastering science & technology. In order to achieve its mission and 10 principles of UN global Compact Dow Chemical’s has adopted various practices and approaches.  This report gives and insight of the lessons learnt from the business practices followed and the approaches adopted giving recommendation to improve those compliances. It also discusses the benefits, challenges and implications for the company’s key stake holders.

Positives

In the year 2010, Dow had sponsored the Dow Live Earth Run for Water which is one of the largest global water initiatives in order to raise people awareness and solve the water crisis. As the leader in reverse osmosis solutions for desalinating sea water, Dow’s Water Solutions business commits to reducing the cost of desalination and water reuse by 35 percent between 2005 and 2015.(GRI 2010 report).

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Dow Chemical can be praised for their effort in protecting people and environment around the global for the past fifth teen years. In their annual report, Dow affirmed and declared that the core value that everyone at Dow will hold is protecting our people and our planet (The Dow Chemical Company 2010). Initiatives such as planting trees, river water purification etc has been adopted. As per Dow Chemical’s latest report on Global reporting initiatives 2010 Dow Chemical’s have embarked on 5 year plan worth $10 million in collaboration with The Nature Conservancy to develop, implement and refine ecosystem services & ...

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