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Helping Deliver More Sustainable Olympic Games, Dow Becomes The Official Carbon Partner Of Sochi 2014

Stocks in this article: DOW

The Dow Chemical Company (NYSE: DOW), Worldwide Partner and the Official Chemistry Company of the Olympic Games, has been announced today by the Sochi 2014 Organizing Committee as the Official Carbon Partner of the XXII Olympic Winter Games, to be staged from February 7-23, 2014. The direct carbon footprint associated with the delivery of the Games will be mitigated through the implementation of energy-efficient technologies, with improved greenhouse gas (GHG) emissions performance in the key areas of infrastructure, industry and agriculture. All projects will be implemented in the Russian Federation, generating savings and long-lasting benefits to the host country’s economy.

From the very beginning of its journey to host the Olympic Winter Games for the first time in Russian history, Sochi 2014 has set the bold goal of delivering the Games with minimal impact on the climate. In order to help the Organizing Committee fulfill its vision toward generating change and raising awareness around climate change in Russia, Dow will work with local companies and marketing partners of Sochi 2104 to mitigate the estimated carbon footprint associated by the Organizing Committee with the hosting of the Games.

“We aim to be the most innovative Olympic Winter Games in history, and our long-lasting positive impact will leave behind an unparalleled heritage not only to Sochi and the Krasnodar Region, but to Russia and its people for generations to come,” said Dmitry Chernyshenko, president of the Sochi 2014 Olympic Winter Games Organizing Committee. “With its vast experience, world-class leadership in the industry and a wide range of innovative solutions, Dow is the trustworthy partner to help us on our journey to deliver more sustainable and innovative Games.”

The energy-efficient projects planned for implementation in Russia will enable the Organizing Committee to mitigate its carbon footprint and will also bring benefits to the country’s economy in the long term by targeting upgrades in building infrastructure, optimization of farming practices and enhancements on industrial processes. “We are very excited with the opportunity to work with Sochi 2014, Dow customers, and Olympic Partners to contribute to the sustainability vision of the first Olympic Winter Games in Russia – a country where Dow will celebrate a 40 year presence in 2014,” said George Hamilton, vice president, Dow Olympic Operations. “As the Official Chemistry Company of the Olympic Games, our commitment is to enable higher-performing and more sustainable Games.”

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