Dow Chemical’s Business Impact Fund is Honored as a Social-Impact Changemaker

Dow Chemical Social-Impact Changemaker

Dow Chemical was honored as the first recipient of the Social-Impact Changemaker award, one of four innovation categories at the inaugural Corporate Citizenship Innovation Awards.

The award was presented by Katherine Smith, Executive Director of the Boston College Center for Corporate Citizenship.

The award ceremony was held at the 2022 International Corporate Citizenship Conference organized by the Boston College Center for Corporate Citizenship (BCCCC).

Social-Impact Changemaker

The Social-Impact Changemaker Award recognizes companies that innovate a differentiated approach to deploying their resources to create positive social, environmental, and/or economic impact.

Dow Chemical was selected for the honor based on the achievements of its Business Impact Fund.

Dow’s Business Impact Fund

Launched in 2016, Dow’s Business Impact Fund designates corporate contributions toward new corporate citizenship initiatives that achieve Sustainable Development Goals.

These social-impact investments seek to solve societal problems via Dow’s products and technology in partnership with nonprofit or non-governmental organizations.

The Business Impact Fund is a competitive grant program that awards more than $1 million per year. Funding proposals come from Dow Chemical employees worldwide. Since 2016, the Business Impact Fund has supported 51 projects in 21 countries totaling $9.78 million in investments. According to Dow, these projects have protected 45,000 acres of land, created 590 community jobs, recycled 3,280 metric tons of materials, avoided 33,700 metric tons of CO2 emissions, and improved the lives of 1.66 million people.

The Business Impact Fund “helps position Dow as a leader in sustainability, increase brand awareness, strengthens partnerships with regulating agencies, develops customer intimacy, and creates new or expanded markets,” said Kristen Bovid, Dow’s Global Citizenship Program Officer and Executive Director of the Dow Company Foundation. The fund “also activates our employees to positively impact the social and environmental needs of their communities.”

Bovid added: “My vision for the fund is to continue to diversify both the businesses involved and the business impact created, while continuing to grow the portfolio.”

Dow Chemical Business Impact Fund

Funding Examples

Project Masaro (India): Converting waste plastic collected from slums along the Mithi River into a second-life material (paver blocks), while both generating employment opportunities and engaging more than 40,000 residents and 100 businesses.

Zero Plastic Waste Community (Ghana): Pilot testing the first phase of a Zero Plastic Waste Community model for a community in Western Ghana which currently lacks adequate solid waste management infrastructure. If the pilot test is successful, the collection, re-use, and recycling methodology could become replicable in other, similar communities.

End-of-Life Solutions for Polyurethane Foams (Brazil): Bolstering waste delivery-point infrastructure to enable collection of large Polyurethane sources (e.g., mattresses and refrigerators) to increase the volume of waste correctly disposed. The project will also promote ways to recycle polyurethanes, avoiding waste going into landfills.

Sustainability Priorities

Dow’s Business Impact Fund prioritizes projects which aim to:

  • increase waste collection
  • support circular economy solutions (e.g., resource reduction, extended use, re-use, recycling, composting, and biodegradability)
  • enable evidence-based environmental action via research and data analysis
  • mitigate climate change risks
  • discover new ways of using Dow products and technology to reduce environmental damage

Share this Article

Michael Organ
Michael Organ
Michael Organ is the Editor of and He is also the host of the Meaningful Impact podcast. Listen to new episodes at





Crest and Oral-B are “Closing America’s Smile Gap”

The Closing America's Smile Gap campaign has re-launched for 2023. For each purchase of a Crest or Oral-B product, Procter & Gamble will donate an oral healthcare product (up to 500,000) to a child in need.

Dan Wieden — an Appreciation

Dan Wieden, co-founder of the Wieden+Kennedy advertising agency, passed away on September 30, 2022. He was 77 years old. Wieden was perhaps best-known for coining Nike's long-running Just Do It tagline in 1988. But within the advertising industry, Wieden was similarly well-known for inspiring creativity and celebrating each individual's culture and diversity.

Ford Newsjacks Women’s Day with the Explorer Men’s Only Edition

Cause-related newsjacking: Timed to coincide with International Women's Day, Ford released a mock commercial featuring the Explorer Men's Only Edition, missing all the car parts created by women.

CVS Health’s Support After AND Before Hurricanes Fiona and Ian

To ensure continuity of care, CVS Health actively supported the health and safety of its employees and customers both after and before Hurricane Fiona and Ian.

Caroline Roan of Pfizer is Named the 2022 CSR Professional of the Year by PRNews

The PRNews CSR Professional of the Year, Caroline Roan, is Pfizer's Chief Sustainability Officer, SVP of Global Health & Social Impact, and President of The Pfizer Foundation.


CVS is Subsidizing the ‘Pink Tax’ on Menstrual Products

To reverse 'The Pink Tax,' CVS has lowered prices by 25% on menstrual products -- but only for its own store brands.

Nissan Hopes that its Queerty DRIVEN Campaign will Yield LGBTQ+ Customer Affinity via Allyship

The Queerty DRIVEN Channel, Presented by Nissan, featured videos that increased brand affinity, purchase intent, and recommendation intent.

Sketchers Pays for The Nature Conservancy’s ‘Seal of Approval’

Skechers' cause marketing partnership allows the footwear company to prominently display The Nature Conservancy's logo as a seal of approval on co-branded Our Planet Matters shoes.

AT&T Earns Goodwill for Its Connected Learning Initiative by Donating Laptops

As part of its Connected Learning Initiative, AT&T donated 300 laptop computers to Muscogee Nation students in rural Oklahoma.

Crest and Oral-B are “Closing America’s Smile Gap”

The Closing America's Smile Gap campaign has re-launched for 2023. For each purchase of a Crest or Oral-B product, Procter & Gamble will donate an oral healthcare product (up to 500,000) to a child in need.

Medela’s #MomsUnite4Milk Campaign Wins a 2023 Ragan CSR & Diversity Award

Launched at the height of the 2022 infant formula crisis, Medela's #MomsUnite4Milk initiative included a Pump-a-Thon and education campaign, including a sponsored segment on The View.