DuPont™ Kevlar®, Nomex® and Tyvek® to Run on Renewable Energy

Rhea-AI Summary

DuPont (NYSE: DD) announced that it will produce its iconic brands, including Kevlar®, Nomex®, and Tyvek®, using renewable electricity, marking a significant step towards its 2030 sustainability goals. The company has purchased renewable energy credits (RECs) to match its 2022 operations' electricity consumption and plans to continue this annually. DuPont aims to reduce greenhouse gas emissions by 30% and source 60% of its electricity from renewables by 2030, targeting carbon neutrality by 2050. This initiative is part of DuPont's broader strategy to enhance sustainability.

Positive

• DuPont will produce all branded products using renewable electricity, aligning with sustainability goals.
• The purchase of renewable energy credits (RECs) demonstrates a commitment to climate stewardship.
• The company aims for a 30% reduction in greenhouse gas emissions and 60% renewable energy sourcing by 2030.

Negative

• None.

All branded products will be produced with electricity backed by renewable energy credits; Key milestone in achieving company's 2030 climate goal

WILMINGTON, Del., April 22, 2022 /PRNewswire/ -- DuPont (NYSE: DD) today announced that its iconic and trusted brands – Kevlar®, Nomex® and Tyvek® – will be produced using renewable electricity in its operations. DuPont achieved this milestone by purchasing renewable energy credits (RECs) earlier this month to match the energy consumed in its 2022 operations and is committed to additional purchases annually. This underscores the company's commitment to achieving its renewable energy goal and acting on climate stewardship as part of its 2030 Sustainability Goals.

"At DuPont, we believe urgent action is needed to address the climate crisis impacting our global communities, and that's why we're so proud that the most trusted names that protect people worldwide are now doing even more to protect the planet," said Leland Weaver, President, DuPont Water & Protection. "Procuring renewable energy credits is a key milestone in our sustainability journey and we remain committed to energy efficiency in our global operations. We understand the importance of delivering sustainable innovations for our customers, value chain partners, employees and society."  

As part of DuPont's sustainability strategy, the company's Acting on Climate goal seeks to reduce greenhouse gas (GHG) emissions 30% and source 60% of its electricity from renewable energy sources and credits by 2030, and to deliver carbon neutral operations by 2050. DuPont will report progress against its goals when it publishes its 2022 Sustainability Report in early May.   

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 electricity used globally in its 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.

To learn more about DuPont's 2030 Sustainability Goals, please visit https://www.dupont.com/about/sustainability.html

About DuPont Water & Protection

DuPont Water and Protection is a global leader in creating water, shelter and safety solutions for a more sustainable world; enabling its customers to win through unique capabilities, global scale and iconic brands including Kevlar®, Nomex®, Tyvek®, Corian® Design, GreatStuff™, Styrofoam™, and FilmTec™.

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.

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.

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.

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SOURCE DuPont

FAQ

What is DuPont's recent sustainability announcement regarding its brands Kevlar, Nomex, and Tyvek?

DuPont announced that it will produce its brands Kevlar®, Nomex®, and Tyvek® using renewable electricity, utilizing renewable energy credits.

How is DuPont planning to achieve its 2030 climate goals?

DuPont aims to reduce greenhouse gas emissions by 30% and source 60% of its electricity from renewable sources by 2030.

What are renewable energy credits (RECs) in relation to DuPont's operations?

Renewable energy credits (RECs) are purchased by DuPont to match its electricity consumption, helping it achieve its sustainability targets.

When does DuPont plan to report its progress on sustainability goals?

DuPont will report its progress against its sustainability goals in early May 2022 with its 2022 Sustainability Report.