Page 185 - CW E-Magazine (12-3-2024)

Special Report Special Report

Embracing change: Shaping the future of the chemical aren’t mere buzzwords, but integral to standards for transporting chemicals, youthful energy exemplifi es our dedica-
our corporate culture. Acknowledging effectively addressing the new opportuni-
tion to sustainable growth and innova-
industry the inherent value of a diverse work- ties to promote optimum safety standards tion. By reinforcing our commitment
force, Dow India actively champions within global supply chains. Our dedica-
to sustainable development and social
n the midst of our swiftly changing India spearhead- CHANDRAKANT NAYAK initiatives empowering women. The tion goes beyond safe chemical trans- responsibility, we try to drive positive
world, the chemical industry stands ing resources CEO and Country President ground-breaking “Design Your Day”(3) portation, extending comprehensively change within the industry. In tandem,
Ion the precipice of a remarkable into research and Dow Chemical International model exemplifi es this commitment, to employee well-being and the broader the proactive measures taken by the
transformation. This metamorphosis is development. fostering fl exibility in work schedules spectrum of Environment, Health and Indian government to liberalize foreign
catalysed by the convergence of several The goal is clear – ing capabilities could increase value and Dow’s Women’s Inclusion Network safety (EHS). Anchored in a culture investment restrictions and implement
formidable factors, which include tech- to create gree- retention within our borders, encourag- (WIN)(4) globally underscores our com- where safety is deeply ingrained, our domestic reforms, create an environ-
nological advancements, regulatory ner, safer, and ing economic growth and sectoral mitment to supporting the professional leaders actively contribute to EHS ment conducive to growth and innova-
shifts, and an escalating awareness of more effi cient development. Such an initiative bears the development of women. excellence, investing 10% of their time in tion. Chemicals play a pivotal role in
environmental imperatives. As these chemicals spanning diverse applica- potential to transform the chemical impactful fi eld rounds. With a proactive the essence of everything, serving as the
infl uential currents coalesce, they sculpt tions for industries to consumers. industry in India, attracting investments, Our dedication to fostering inclu- mindset and a resolute emphasis on fos- fundamental building blocks for materi-
the chemical industry into an entirely This strategic focus aligns seamlessly fostering research and development, and sion extends beyond our organization tering a “Psychological Safe Culture,” als, products, and processes that under-
novel entity, one that diverges signifi - with the objectives of the ‘Make in signifi cantly contributing to the nation’s into the communities we serve. Dow we lay the foundation for innovation pin diverse sectors and industries. Advo-
cantly from its historical incarnations. India’(2) movement, bolstering self-suffi - economic growth. The Indian chemical India’s collaborative partnerships with and continuous improvement. This com- cating for policy changes and making
ciency and reducing reliance on im- industry plays a pivotal role in supplying NGOs like the Mann Deshi Foundation mitment refl ects our overarching vision – strategic investments emerge as pivotal
A remarkable trend currently ports. By emphasizing domestic value building blocks and raw materials to highlight our commitment to empower- one devoted to protecting both people steps in alleviating cost pressures and fur-
sweeping through the chemical industry addition, especially in transforming raw various sectors. ing women. Initiatives like the Mann and the planet. ther elevating the favourable atmosphere
is the resounding emphasis on sustain- materials into valuable derivatives, Deshi Mahotsav, an annual community for sustained growth and innovation.
ability. In the wake of global environ- we can advocate against ‘Molecular Diversity and inclusion in workforce festival, provide a platform to women Overcoming challenges
mental concerns, the chemical sector Tourism’ – the counterproductive cycle The chemical industry, akin to many entrepreneurs, showcasing talents. Navigating the complex terrain Embracing change
has made signifi cant strides in reducing of exporting raw materials only to sectors, has acknowledged the signifi - These endeavours embody our com- of the chemical industry is no small As we navigate this era of change, the
its ecological footprint. Sustainability re-import them as enhanced products. cance of diversity and inclusion within mitment to fostering a society characte- feat. The sector grapples with chal- chemical industry assumes a pivotal role
has taken centre stage in Dow’s global Castor oil is a great example, show- its workforce. Nevertheless, there are rized by greater equity and inclusivity(5). lenges ranging from soaring raw mate- in shaping a prosperous future. Embrac-
mission, and as a responsible corpo- casing India’s signifi cant stance glo- persistent gaps that demand attention. rial prices to stringent environmental ing change, with a focus on sustainability,
rate entity, we are deeply committed to bally. By processing raw castor seeds Studies have underscored the imperative Coping with COVID regulations and heightened competi- talent, innovation, I&D, EHS, digitaliza-
leaving a lasting impact on India, a into high-value derivatives on home for increased diversity in the chemical Amid the challenges posed by tion. To meet these challenges head-on, tion, and global adaptability, will posi-
nation where the chemical industry soil, we underscore the importance of industry, emphasizing that diversity and COVID-19, Dow India swiftly adapted, enhancing our operational capacity is tion us as leaders in this transformative
plays a pivotal role in economic growth. local enhancement, securing and ele- inclusion are pivotal across all sectors. implementing innovative solutions imperative for sustaining global mar- landscape. Together, through collabora-
vating value. Improving local process- In Dow India, inclusion and diversity due to constraints on physical trials in ket competitiveness. We are committed tion and innovation, we can build a more
In the vanguard of technological the industry. Virtual testing is seam- to continuously cultivating our exper- resilient and harmonious world, where
progress, our commitment to revolution- lessly integrated into our operations, tise in cutting-edge technologies and the chemical industry plays a vital role in
ising manufacturing processes stands facilitated by substantial investments in processes, ensuring we remain at the crafting a growth story.
as a testament to our dedication to sus- simulation technologies. This strategic forefront of international competitive-
tainability. The mission is clear: reduce move ensured our products met rigo- ness. This proactive approach is crucial REFERENCES
waste, minimize energy consumption, rous standards, allowing us to deliver for meeting the increasing demand and 1. Sustainability Commitments and
and lower emissions. This not only paves tailored solutions even when physical aligning with our vision to be the most Targets | Dow Corporate.
the way for a more sustainable future, but engagement was limited. innovative, sustainable, inclusive, and 2. Make in India: Impact, Advantages,
also enhances our operational effi ciency. customer-centric materials science com- Key Sectors & Challenges (acko.
By 2030, Dow will reduce its net an- EHS commitments pany. Our commitment goes beyond com).
nual carbon emissions by 5-mt versus its Altering solutions not only for tech, fi nancial contributions; it encompasses 3. Design Your Day: Dow employees
2020 baseline (15% reduction). By 2050, but also in the supply chain process, via investment in the upcoming generation enjoying new workplace fl exibility
Dow intends to be carbon neutral (Scopes the Nicer Globe Initiative, helping us to entering the workforce. With an impres- (ourmidland.com).
1+2+3 plus product benefi ts)(1). analyses and mitigate risk while transpor- sive 60% of our workforce being mil- 4. Inclusion & Diversity | Beliefs and
tation. This proactive monitoring allowed lennials, we are not merely contributors Culture | Dow Corporate.
Responsible product development us to be ahead of keeping global supply to the industry; we are actively shaping 5. https://in.dow.com/en-us/news/
Central to our sustainability initia- chain safety and laying high standards its future by attracting and nurturing the dow-india-supports-women-entre-
tives is a fervent commitment to res- for the industry. Dow India leads efforts next generation of talent. This dynamic preneurs-at-mann-deshi-mahotsav-
ponsible product development, with Dow to establish universally recognized safety fusion of seasoned experience and in-mumbai.html.

184 Chemical Weekly March 12, 2024 Chemical Weekly March 12, 2024 185

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