WILMINGTON, Del., July 21,
2022 /PRNewswire/ -- DuPont (NYSE: DD) today
announced it has committed to setting science-based targets to
reduce greenhouse gas (GHG) emissions in line with the Science
Based Targets initiative (SBTi), a partnership between
CDP, the UN Global Compact, World Resources Institute (WRI)
and the World Wide Fund for Nature (WWF). As part of its
commitment, DuPont plans to work closely with SBTi to determine GHG
emissions reduction targets for Scope 1 and 2 emissions aligned
with the Paris agreement which
sets the goal of limiting global warming to 1.5°C. In addition,
DuPont will also work with SBTi to develop its Scope 3 GHG
emissions target.
SBTi defines and promotes best practice in setting science-based
emission reductions targets and brings together a team of experts
to provide independent assessment and validation of
targets.
"At DuPont, our deep understanding of science and technology,
along with our close collaboration with customers, enables us to
help create sustainable solutions that have the potential to create
positive change in the world," said DuPont Chief Technology and
Sustainability Officer Alexa Dembek.
"Setting and achieving goals aligned with SBTi is a critical step
to reducing our climate impact and builds on our long-term
commitment to protect the planet by reducing the carbon footprint
in our operations and value chains in partnership with customers
and suppliers."
In 2019, DuPont announced its Acting on Climate goal as part of
its sustainability strategy. The company has been making progress
against its goal to reduce Scope 1 and 2 GHG emissions by 30%
compared to the 2019 baseline and source 60% of its electricity
from renewable energy sources and credits by 2030, and to deliver
carbon neutral operations by 2050. As reported in DuPont's 2022
Sustainability Report, the company has reduced Scope 1 and 2
emissions by 16% since 2019.
DuPont is a member of RE100, a global environmental initiative
led by the Climate Group in partnership with CDP, which brings
together companies committed to shifting the source of electricity
used globally in their operations to renewable energy. In 2021, the
company also signed 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
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.
For more information about DuPont's sustainability initiatives,
visit dupont.com/sustainability.
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 investors.dupont.com.
DuPont™ and all products, unless otherwise noted, denoted
with ™, SM or ® are trademarks, service
marks or registered trademarks of affiliates of DuPont de Nemours,
Inc.
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
risk 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