DuPont Publishes 2024 Sustainability Report

Rhea-AI Summary

DuPont published its 2024 Sustainability Report, highlighting progress towards its 2030 Sustainability Goals. The company exceeded climate action targets ahead of schedule, emphasizing innovation, environmental protection, and community empowerment. Key achievements include reduced emissions, water access initiatives, and diversity recognition. The report reflects DuPont's commitment to sustainability across its operations.

Positive

• DuPont received recognition for its innovative products with sustainability benefits, highlighting its commitment to innovation.

• The company exceeded its climate action targets, showcasing strong environmental protection efforts.

• Achievements in providing water and sanitation access and ensuring employee safety demonstrate the company's dedication to community empowerment.

Negative

• None.

Report highlights continued progress on 2030 Sustainability Goals; Company exceeds climate action targets ahead of schedule.

WILMINGTON, Del., April 29, 2024 /PRNewswire/ -- DuPont (NYSE: DD) today published its 2024 Sustainability Report detailing the progress made toward achieving its 2030 Sustainability Goals.

"At DuPont, sustainability is integral to our strategy, embedded in every aspect of our business – from our innovation pipeline, to our manufacturing and supply chains, to how we engage with our people and communities," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. "As a global innovation leader and multi-industrial company, we're developing new products and solutions that enable cleaner water, energy-efficient buildings, electric vehicles and advanced computing. Our sustainability journey and progress is powered by our teams around the world who work side-by-side with our customers to deliver innovations that help people and the planet thrive."

DuPont's 2030 Sustainable Goals are categorized by three focus areas: Innovate for Good, Protect People and the Planet, and Empower People to Thrive. Notable 2023 accomplishments within these categories and highlighted in this year's report include:

Innovate for Good:

• Received seven R&D 100 and Edison Awards for innovative products have both performance impact and sustainability benefits for customers and society.
• Recognized as Best ESG Partner by Samsung Electronics and received eight additional Supplier of the Year awards from semiconductor customers for achievements in innovation and sustainability.
• Commercialized 25 products that were redesigned to avoid or eliminate the use of a Substance of Concern (SoC) and invested in over 30 R&D projects to phase out SoC in targeted products and applications.

Protect People and the Planet:

• 58% reduction of Scope 1 and 2 emissions from the 2019 baseline, surpassing our 2030 goal and outperforming expectations of the Paris Accord 1.5°C ambition.
• 39% reduction of Scope 3 emissions from purchased goods and services and end of life of sold products from the 2020 baseline, surpassing our goal of 25% reduction.
• Five million people are expected to receive water and/or sanitation access over the next seven years through a collective impact investment in Water Equity Fund IV.
• Achieved zero unrecovered plastic releases of 0.5 kg or greater to the environment through our Operation Clean Sweep^® Blue commitment, which aims to prevent plastic loss to the environment from our operations and logistics partners.
• Achieved safest year on record for employees and contractors with over 80% of DuPont's manufacturing sites having zero injuries.

Empower People to Thrive:

• Recognized by Forbes as one of the best employers for diversity and a top company for women. Named a 2023 Best Place to Work for Disability Inclusion by Disability:IN.
• Funded over 880 community projects with more than 580 non-profit partners across 57 countries.
• Increased supplier diversity spend to 9% of total U.S. spend and named to The Forefront 25: Top Corporations for Minority Businesses.
• Achieved significant gains on overall Diversity, Equity & Inclusion score (+4 percentage points to 78%) on the company's annual IMPACT employee survey with 82% of employees also reporting DuPont has an inclusive environment.

"Today, more than 80 percent of our innovation portfolio is expected to deliver sustainability value and advance solutions to help address global challenges," said Alexa Dembek, DuPont Chief Technology and Sustainability Officer. "I'm proud of the team's commitment to achieving our 2030 Sustainability Goals, and while progress has been made, we will continue working diligently to create value for our customers, employees, shareholders and communities."

The report was developed with reference to the Global Reporting Initiative (GRI) standards, the Sustainability Accounting Standards Board (SASB) standards, and the recommendations outlined by the Task Force on Climate-Related Financial Disclosures (TCFD).

More information on these and other sustainability accomplishments can be found in the full report. Learn more about DuPont's sustainability journey at 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.

Cautionary Statement about 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," "stabilization," "confident," "preliminary," "initial," "drive," "innovate"  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.

DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.

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SOURCE DuPont

FAQ

What are DuPont's 2030 Sustainability Goals?

DuPont's 2030 Sustainability Goals are categorized by Innovate for Good, Protect People and the Planet, and Empower People to Thrive.

What recognition did DuPont receive for its sustainability efforts?

DuPont was recognized for its innovative products with sustainability benefits, achieving climate action targets ahead of schedule, and ensuring water access initiatives.

Where can the full report on DuPont's sustainability accomplishments be found?

More information on DuPont's sustainability accomplishments can be found in the full report on dupont.com/sustainability.