- Report details progress on sustainability strategy organized
under three pillars: Innovate, Protect and Empower.
- Advanced strategic actions across all nine 2030
Sustainability Goals achieving significant results in three
priority goals: Delivering solutions for global challenges, Acting
on climate, and Accelerating diversity, equity and
inclusion.
WILMINGTON, Del., May 2,
2022 /PRNewswire/ -- DuPont (NYSE: DD) today
published its 2022 Sustainability Report detailing the progress
made in its environmental, social and governance (ESG) journey, as
well as actions to achieve its 2030 Sustainability Goals.
"Despite another year of unforeseen challenges, I'm proud of the
resilience and strength our teams have shown in the face of
uncertainty and change, showing up every day and delivering what
matters to our customers, shareholders, communities and each
other," said Ed Breen, DuPont
Executive Chairman and Chief Executive Officer. "Our sustainability
strategy is helping power our transformation as a premier
multi-industrial company and strengthening our portfolio to deliver
long-term value creation. It's at the core of how we innovate,
operate our businesses, and empower our people every day. At
DuPont, we believe the biggest impact we can make toward a more
inclusive, sustainable and resilient world is by working with our
customers to develop sustainable innovations that address the
world's most pressing challenges."
Notable 2021 accomplishments highlighted in the 2022 report
include:
- Accelerated and increased our innovation value creation
potential aligned to the UN Sustainable Development Goals with
deepened customer insights and specialized capabilities.
- Reduced Scope 1 & 2 greenhouse gas (GHG) emissions by 10%
vs prior year, and completed our Scope 3 inventory, identifying
priority value chain reduction opportunities.
- Achieved 15% sourcing of renewable electricity through
renewable energy credits (RECs) and entered into a virtual power
purchase agreement (VPPA) with a subsidiary of NextEra Energy
Resources, LLC. The VPPA project is scheduled to commence
operations in 2023 and is expected to deliver the equivalent of
approximately 528,000 megawatt hours (MWh) of wind-generated
renewable electricity annually to the local grid. This is
equivalent to approximately 25% of the company's total electricity
needs today.
- Achieved DE&I performance above our benchmarks with 26%
gender diversity and 34% ethnic diversity of DuPont senior
leaders.
- Delivered strong safety performance in the top 25% of peer
companies for Total Recordable Incident performance and Process
Safety Tier 1 and 2 incident rates.
- Increased transparency by developing TCFD Index for climate
risk assessment and reporting.
- Reduced waste in our operations and along the value chain by
diverting 1,230 metric tons of material from landfill and upcycling
into higher value applications resulting in a 52% increase over
prior year.
- Committed to investing $20
million in the Local Initiatives Support Corporation's Black
Economic Development Fund (BEDF) to incentivize economic activity
and wealth building opportunities for Black-led businesses.
- Partnered with water.org to impact more than 100,000 lives in
2021 and improved drinking water access and quality for more than 5
million people through innovative municipal water treatment
projects since 2019.
- Participated in over 450 charitable projects in 29 countries
impacting over 3.5 million lives since 2020.
"As a global society, we're more connected today than ever
before," said Alexa Dembek, DuPont
Chief Technology and Sustainability Officer. "At DuPont, we're
strengthening those connections across society, culture,
opportunities and need by collaborating with customers to create
sustainable solutions that have the potential to change the world.
The possibilities are endless and ignite our purpose to empower the
world with essential innovations to thrive. Over the past year,
we've made significant strides through those connections with
customers, employees, shareholders and communities and are eager to
share those stories with you in our 2022 Sustainability
Report."
The report was developed in accordance with the Global Reporting
Initiative (GRI) Standards, and its methodology aligns with the
Sustainability Accounting Standards Board (SASB) framework. It also
adheres to the ten principles of the United Nations Global Compact
(UNGC).
The full Sustainability Report and further details on our 2030
sustainability strategy are available on our new
microsite.
About DuPont
DuPont (NYSE: DD) is a global innovation leader with
technology-based materials and solutions that help transform
industries and everyday life. Our employees apply diverse science
and expertise to help customers advance their best ideas and
deliver essential innovations in key markets including electronics,
transportation, construction, water, healthcare and worker safety.
More information about the company, its businesses and solutions
can be found at www.dupont.com. Investors can access information
included on the Investor Relations section of the website at
www.investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service
marks denoted with ™, SM or ® are owned by affiliates of DuPont de
Nemours, Inc. unless otherwise noted.
Cautionary Statement Regarding
Forward Looking Statements
This communication contains "forward-looking statements" within
the meaning of the federal securities laws, including Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In this context,
forward-looking statements often address expected future business
and financial performance and financial condition, and often
contain words such as "expect," "anticipate," "intend," "plan,"
"believe," "seek," "see," "will," "would," "target," and similar
expressions and variations or negatives of these words.
Forward-looking statements address matters that are, to varying
degrees, uncertain and subject to risks, uncertainties, and
assumptions, many of which that are beyond DuPont's control, that
could cause actual results to differ materially from those
expressed in any forward-looking statements. Forward-looking
statements are not representations or warranties or guarantees of
future results.
Forward-looking statements include statements which relate to
the purpose, ambitions, commitments, targets, plans, objectives,
and results of DuPont's sustainability strategy. Forward-looking
statements include statements related to the standards and
measurement of progress against the company's sustainability goals,
including metrics, data and other information, which are based on
estimates and assumptions believed to be reasonable at the time.
The actual conduct of the company's activities and results thereof,
including the development, implementation, achievement or
continuation of any goal, program, policy or initiative discussed
or expected in connection with DuPont's sustainability strategy may
differ materially from the statements made herein. The use of the
word "material" for the purposes of statements regarding our
sustainability strategy and goals should not be read as equating to
any use of the word in the company's other disclosures or filings
with the U.S. Securities and Exchange Commission.
See DuPont's most recent annual
report and subsequent current and periodic reports filed with the
U.S. Securities and Exchange Commission for further description of
risks factors that could impact the expectations or estimates
implied by the Company's forward-looking statements, including (i)
the ability to meet expectations regarding the timing, completion,
accounting and tax treatments, and benefits, including integration,
related to portfolio changes; (ii) risks and costs related to
indemnification of legacy liabilities; (iii) risks and
uncertainties related to operational and supply chain impacts or
disruptions, including ability to offset increased costs, obtain
raw materials, and meet customer needs, and (iv) other risks to
DuPont's business and operations. Unlisted factors may also present
significant additional obstacles to the realization of
forward-looking statements. Consequences of material differences in
results as compared with those anticipated in the forward-looking
statements could include, among other things, business or supply
chain disruption, operational problems, financial loss, legal
liability to third parties, loss of key customers, reputational
harm and similar risks, any of which could have a material adverse
effect on DuPont's consolidated financial condition, results of
operations, credit rating or liquidity. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. DuPont assumes no obligation to publicly
provide revisions or updates to any forward-looking statements
whether as a result of new information, future developments or
otherwise, should circumstances change, except as otherwise
required by securities and other applicable laws.
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SOURCE DuPont