The Sochi 2014 Olympic Winter Games is the first Games in history to mitigate the entire direct carbon footprint of its Organizing Committee prior to the Opening Ceremony. Sochi 2014 officially announced today that over 520,000 metric tons (MT) of CO 2 equivalents have already been mitigated through the “Sustainable Future” program, implemented in Russia by Worldwide Olympic Partner and Official Carbon Partner of Sochi 2014, The Dow Chemical Company (NYSE: DOW).
Since March 2013, Dow has been working with its customers in Russia to implement energy efficient and low-carbon technologies in the areas of infrastructure, industry and agriculture within different regions of the country. The greenhouse gas (GHG) emissions reductions delivered to date by the groundbreaking “Sustainable Future” program have been verified by 3 rd party international experts ERM, who confirmed that results far exceeded the footprint of 360,000 MT of CO 2 equivalents – the estimated direct carbon footprint of the Games. This footprint includes emissions associated with the travel and accommodation of athletes, staff, and volunteers, the operation of the sports venues during Games time, and the Sochi 2014 Organizing Committee’s activities from 2007 (when Russia received the right to host the 2014 Olympic Winter Games) until the Paralympic Games’ Closing Ceremony, on March 17, 2014.
Sochi 2014 is also the first Olympic and Paralympic Games with a neutral carbon footprint associated with the travel of spectators and media attending the event. This footprint was estimated to be 160,000 MT of CO 2 equivalents. Dow worked with international experts Offsetters to offset the travel footprint prior to the Opening Ceremony by retiring carbon credits from a portfolio of high-quality projects developed to international standards, and recognized under the International Carbon Offset and Reduction Alliance (ICROA) Code of Practice. Embracing the global spirit of the Olympics, this portfolio includes projects from Russia, Brazil and South Korea – Host Territories of the next three Olympic Games – in addition to a project implemented by Dow at one of its manufacturing facilities in the United States.
“It is with great pride and excitement that we announce today the fulfillment of a key milestone on our commitment to deliver Games with minimal impact on climate,” said Dmitry Chernyshenko, president and CEO of the Sochi 2014 Organizing Committee. “The ‘Sustainable Future’ program went above and beyond our expectations, as it reached our mitigation goals in such a short time. The program is also contributing to promote technological advancements and delivering long lasting benefits to the Russian economy.”