ENVIRONMENTAL PERFORMANCE INROADS FOR SUSTAINABLE DEVELOPMENT DOW | 2021 ESG REPORT | 15 OUR TARGETS: ACCELERATING CARBON NEUTRALITY AND PLASTICS CIRCULARITY In 2020, we set new, multi-decade targets to put us on a path to achieve carbon neutrality and eliminate plastic waste. These targets build upon our 2025 Sustainability Goals: 10-year commitments aimed at magnifying our company’s positive impact through collaboration with like-minded partners. Our targets are as follows: Close the Loop By 2035, Dow will enable 100% of Dow products sold into packaging applications to be reusable or recyclable. Stop the Waste By 2030, Dow will enable 1 million metric tons of plastic to be collected, reused or recycled through its direct actions and partnerships. Protect the Climate By 2030, Dow will reduce its net annual carbon emissions by 5 million metric tons. This represents a 15% reduction from Dow’s 2020 baseline, and a 30% reduction from the 2005 baseline. By 2050, Dow intends to be carbon neutral (Scopes 1 + 2 + 3 plus product benefits).