Company exceeds its 2030 1.5°C Climate Goals,
Strengthens Commitment on Scope 3 Target
WILMINGTON, Del., Sept. 19,
2024 /PRNewswire/ -- DuPont (NYSE: DD) today
announced its commitment to achieve net-zero carbon emissions by
2050. In a letter submitted to the Science Based Targets
initiative (SBTi), the company indicated its intent to set
long-term science-based greenhouse gas (GHG) emission reduction
targets, thereby establishing an end-to-end value chain net-zero
target to be verified by SBTi in accordance with SBTi's Net-Zero
Standard. The net-zero goal aligns with the rigorous standards
set by SBTi and the Paris Agreement, which aims to limit global
temperature rise to 1.5°C.
"At DuPont, we're proud to take yet another bold step in our
commitment to sustainability that meets the needs of our customers
and enables society to thrive," said Alexa
Dembek, DuPont Chief Technology & Sustainability
Officer. "Our efforts to deliver sustainable innovations and
solutions has resulted in exceeding our 2030 climate goals and
putting us on a clear path toward decarbonization in our operations
and value chains by 2050."
The net-zero commitment builds on the significant progress
DuPont has achieved since 2019 when the company established its
Acting on Climate Goal as part of its overall sustainability
strategy. As announced in April 2024,
DuPont has exceeded its climate targets – achieving a 58% reduction
in Scopes 1 and 2 emissions from a 2019 baseline and achieving a
39% reduction in Scope 3 emissions from purchased goods and
services and end-of-life of sold products from a 2020 baseline.
DuPont also surpassed its near-term goal to source 60% of
electricity from its operations from renewable sources by 2030, and
as a member of RE100, a global initiative led by the Climate Group
and in partnership with CDP, is committed to 100% renewable
electricity by 2050, including the use of renewable energy
certificates.
As part of the commitment letter, DuPont will work to set
long-term, net-zero targets in line with the SBTi criteria and
recommendations. The targets will be submitted and validated by
SBTi within 24 months.
For more information on DuPont's climate progress and overall
sustainability performance, please
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™, 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 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, including its
activities related to substances of concern. 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.
On May 22, 2024, DuPont announced
a plan to separate the company into three distinct, publicly traded
companies. Under the plan, DuPont would execute the proposed
separations of its Electronics and Water businesses in a tax-free
manner to its shareholders leaving DuPont to continue as a
diversified industrial company following completion of the
separations. DuPont expects to complete the separations
within 18 to 24 months of the announcement date. The separation
transactions will not require a shareholder vote and are subject to
satisfaction of customary conditions, including final approval by
DuPont's Board of Directors, receipt of tax opinion from counsel,
the filing and effectiveness of Form 10 registration statements
with the U.S. Securities and Exchange Commission, applicable
regulatory approvals and satisfactory completion of financing.
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 effect the separation transactions described above,
and meet expectations regarding the timing, completion, accounting
and tax treatments, and intended benefits related to the
separation transactions and other 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
