ENVIRONMENTAL PERFORMANCE INROADS FOR SUSTAINABLE DEVELOPMENT DOW | 2021 ESG REPORT | 16 Protecting Our Climate We are intensifying our actions to reduce global carbon emissions and achieve a carbon-neutral Dow by 2050, demonstrated by our commitment to reduce our net annual Scope 1 and 2 carbon emissions by 5 million metric tons by 2030 compared to our 2020 baseline. Reflecting our focus to make meaningful progress in the near term, we will reduce CO 2 emissions by approximately 2 million metric tons per year while growing underlying earnings by an estimated $2 billion by 2025. OUR APPROACH – DECARBONIZE AND GROW Our science-based strategy includes a phased approach to decarbonize while meeting growing demand for our products and contributing to a low-carbon future through continued investment in new products, technologies and processes. Our actions include: Replacing end-of-life assets with higher- efficiency, lower- emissions technology We are taking a phased, site-by- site approach to reducing our carbon footprint by replacing end-of-life and high carbon- intensity assets with more carbon-efficient technologies, and by investing in carbon abatement technologies, including circular hydrogen and carbon capture and storage. Accelerating investment in renewables In 2021, we expanded access to renewable power to more than 900 megawatts (MW), such that more than 25% of our purchased electricity comes from renewable sources. Innovating low-carbon materials and solutions We are helping our customers achieve their climate-related goals through products that enable benefits such as energy efficiency, lightweighting, fuel transition, circularity, increased operational efficiency, resource reductions and reduced emissions. Investing in transformative, next- generation technologies We are innovating next- generation manufacturing technologies, such as fluidized catalytic dehydrogenation (FCDh), ethane dehydrogenation (EDH) and electric cracking technology (e-cracking). These breakthrough manufacturing processes are at various stages of development and are part of our solutions to create a lower- carbon industry footprint. CLIMATE PROTECTION