Dow-Singapore Sports Hub carbon deal

Article posted by Coliseum, January 12^th, 2022

Image: DP Architects

Dow Inc. DOW recently announced a carbon partnership deal with the Singapore Sports Hub, a state-of-the-art, fully integrated sports, entertainment and lifestyle hub. It is the first and biggest Public-Private-Partnership (PPP) sports facility infrastructure project worldwide. It is owned and operated by the Sports Hub Pte Limited.

The ‘yahoo!finance’ stated that this partnership also marks the first carbon mitigation project in Singapore under Dow’s carbon partnership with the International Olympic Committee (‘IOC’) as well as the first property-owner collaboration within the program.

The Singapore Sports Hub is a sports and recreation district in Kallang, Singapore. The Sports Hub is a 35-hectare private-public partnership that is anchored by the new 55,000-capacity National Stadium and the existing 12,000-capacity Singapore Indoor Stadium, and also incorporates a new aquatics facility, indoor sports hall, water sports center, public sports facilities, and retail.

The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States.

The International Olympic Committee (IOC) is a non-Governmental sports organization based in Lausanne, Switzerland. It is constituted in the form of an association under the Swiss Civil Code.

The ‘yahoo!finance’ further stated that the Singapore Sports Hub provides an outline for what is possible in terms of adaptable, integrated building design, from its intentional multiuse concept to a commitment to using sustainable materials. The Dow and Singapore Sports Hub worked together with the urban planning firm Arup to quantify greenhouse gas reductions based on the facility’s beyond-business-as-usual energy efficiency performance during its operational lifetime.

The Sports Hub collaboration is one of the various projects under Dow’s carbon partnership with the IOC, using sport as a medium and going beyond business as usual to advance the adoption of technologies and practices that can build a low-carbon economy.

Shares of Dow have dropped 0.1 percent in the past year compared with a 7 percent rise of the industry.

Dow, in its last earnings call, stated that it expects strong end-market demand, which will continue in 2022. It also expects logistics constraints and low inventory levels across its value chains over the near term.

Dow will remain focused on building on its competitive advantage due to growth from higher-margin, sustainability-driven, downstream solutions and value-accretive investments. Dow also stated that it is well-placed to increase earnings, cash flow and returns once it decarbonizes its footprint and achieves its 2030-2050 carbon emission reduction goals.

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