24 January 2011 19:33 [Source: ICIS news]
HOUSTON (ICIS)--US producer Dow Chemical and The Nature Conservancy will examine how the company's operations rely on and affect nature, the two said on Monday.
The two plan to share the results and other aspects of the study with the public, Dow said.
Dow and its foundation are setting aside $10m (€7.3m) over the next five years for the project, the company said.
“This collaboration is designed to help us innovate new approaches to critical world challenges while demonstrating that environmental conservation is not just good for nature - it is good for business,” according to a statement by Andrew Liveris, Dow chief executive.
“This project is an example of the type of cooperation required to make real, long-term progress in protecting the earth’s natural systems and the services they provide people.” according to a statement by Mark Tercek, chief executive officer of The Nature Conservancy.
“As the world population surges, it will take public and private sector collaboration like this to make the health of the environment not just an afterthought, but a fundamental consideration in everything we do in every part of our society," Tercek said.
($1 = €0.73)
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