DuPont Joins RE100 Global Initiative
DuPont has joined RE100, a global initiative committed to transitioning to 100% renewable energy. This pledge aligns with DuPont's sustainability goals, aiming for 60% renewable energy by 2030 and carbon neutrality by 2050. The company is collaborating with members to overcome challenges in renewable sourcing. Notably, DuPont recently signed a virtual power purchase agreement in Texas for 135 megawatts of wind energy, covering approximately 25% of its electricity needs. This move is expected to bolster DuPont's market position and sustainability initiatives.
- Joined RE100, enhancing commitment to renewable energy.
- Aiming for 60% renewable energy by 2030 and carbon neutrality by 2050.
- Signed a VPPA for 135 megawatts of wind energy, covering 25% of electricity needs.
- None.
WILMINGTON, Del., Sept. 27, 2021 /PRNewswire/ -- DuPont (NYSE: DD) today announced that it has joined RE100, a global environmental initiative led by the Climate Group in partnership with CDP, which brings together companies committed to shifting the electricity used globally in its operations to
Joining RE100 underscores DuPont's commitment to its global Acting on Climate sustainability goal, which aims to source at least 60 percent of its electricity from renewable energy by 2030 and achieve carbon neutrality by 2050. DuPont is also committing to address market and policy barriers to sourcing renewables alongside member companies.
"The rapidly increasing effects of climate change require urgent action from all of us to make the full transition to renewable energy sources, which is critical to achieving sustainable business growth," said Alexa Dembek, DuPont Chief Technology & Sustainability Officer. "At DuPont, we have challenged ourselves with ambitious goals, placing sustainability front and center in our innovations, products, operations, and people. Partnering with RE100 is a significant step forward in our journey to help contribute to a more sustainable future."
DuPont is developing innovative low-carbon and energy-efficient solutions that help industries and customers decarbonize, and advocates for market-based approaches to consistent, predictable policies and regulations that foster climate innovation and investment.
A critical part of DuPont's emissions reduction strategy is to procure our electricity from more renewable sources. In 2020, the company expanded use of renewable electricity sources and credits and entered a partnership with Schneider Electric to support our long-term renewable energy procurement strategy, Last week, DuPont signed a virtual power purchase agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC with a generation capacity of the equivalent of 135 megawatts of new wind energy in Texas. This will enable DuPont to increase its renewable energy sources and credits. The project is the equivalent of approximately 25 percent of the company usage.
"We are delighted to welcome DuPont to RE100," said Sam Kimmins, Head of RE100 at Climate Group. "By committing to
To learn more about DuPont's 2030 Sustainability Goals, please click here.
About RE100
RE100 is a global initiative bringing together the world's most influential businesses committed to
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™, 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 include statements which may relate to the purpose, ambitions, aims, commitments, targets, plans, and objectives of DuPont's sustainability strategy, including progress against its sustainability goals, and data related to its metrics, practices, actions and progress.
These statements are not representations, warranties or guarantees and are subject to certain risks, uncertainties and other factors, many of which are beyond our control, including government regulation. Therefore, the actual conduct of our activities, including the development, implementation or continuation of any program, policy or initiative discussed or forecasted in this presentation, may differ materially in the future. As with any projection or estimate, actual results or numbers may vary. The goals, commitments, standards and metrics referenced continue to evolve and are based on management assumptions believed to be reasonable at the time of preparation but should not be considered warranties or guarantees. Other risks to DuPont's business, operations; each as further discussed in detail in and results of operations as discussed in DuPont's annual report on Form 10-K for the year ended December 31, 2020 and its subsequent reports on Form 10-Q and Form 8-K. Unlisted factors may 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 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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