Releases Annual Sustainability Progress Update
WILMINGTON, Del., May 31, 2023
/PRNewswire/ -- In 2022, DuPont Performance Building Solutions and
Corian® Design achieved a 41% reduction in Scope 1 and Scope 2
Greenhouse Gas (GHG) emissions over the last three years, as
demonstrated in their 2023 Sustainability Progress
Report released today. This accomplishment supports the
business' sustainability commitment to partner with customers and
the building industry to help drive whole life carbon of buildings
to zero, advance circularity of building materials, and utilize
safer chemistries, to realize a shared vision of sustainability
within the built environment.
As a highlighted in the report, this significant reduction in GHG
emissions was enabled by product innovation that has delivered low
embodied carbon products to the market, including low Global
Warming Potential (GWP) Froth-Pak™ Spray Foam Insulation and
Styrofoam™ Brand ST-100 Series extruded polystyrene foam
insulation. These reformulations advanced the business's progress
against its commitment to reduce GHG emissions from operations by
75 percent by 2030, relative to a 2019 baseline, and support
DuPont's overall Acting on Climate Goal, while also helping DuPont
Performance Building Solutions and Corian® Design
customers advance their climate action goals.
"We know the important role that the built environment plays in
addressing the collective climate crisis, and we are thrilled to
have made such strong progress against our climate action goal,"
said Shawn Hunter, Global
Sustainability Director for DuPont Performance Building Solutions
and Corian® Design. "I'm proud of our teams and
colleagues whose hard work drove this progress over the past three
years. In this decade of critical climate action, we also know that
a GHG emissions gap to 1.5°C exists today, and we are committed to
continuing to innovate as if our future depends on it. Because it
does, now more than ever."
Across the company, DuPont saw a 35 percent reduction in Scope 1
and 2 emissions by the end of 2022 in, surpassing its 2030 goal of
a 30 percent reduction by 2030, from a 2019 baseline, eight years
ahead of schedule as highlighted in DuPont's 2023 Sustainability
Report. As a result of this accelerated progress, DuPont has set a
new ambitious 2030 climate goals of a 50 percent reduction in Scope
1 and 2 emissions from a 2019 baseline. DuPont also set a new
2030 Scope 3 GHG emissions reduction goal of 25 percent in absolute
Scope 3 GHG emissions from purchased goods and services and end of
life treatment of sold products by 2030 from a 2020 base year.
DuPont's 2030 emissions reduction targets have been validated by
the Science Based Targets initiative (SBTi), a partnership
between CDP, the UN Global Compact, World Resources Institute (WRI)
and the World Wildlife Fund (WWF). This reinforces DuPont's
alignment with the Paris Agreement and aligns our aspirations with
efforts to limit global warming to 1.5°C above preindustrial
levels.
For more details, or to read the DuPont Performance Building
Solutions and Corian® Design 2023 Sustainability
Progress Report in its entirety, click here.
About DuPont Performance Building Solutions and
Corian® Design
Grounded in science, DuPont Performance Building Solutions and
Corian® Design are working alongside those who also
seek a sustainable tomorrow to help people thrive at home and in
their communities for years to come. By developing solutions for
managing the air, water and thermal performance of buildings and
residences, we help our customers build energy-efficient,
resilient, and durable shelters in a rapidly changing
world. Backed by unmatched industry insight, building
knowledge, and technical support, as well as world-class brands
such
as Styrofoam™ Brand, Tyvek®,
and Great Stuff™, our products and services
portfolio enables customers to focus on what they do best, no
matter where and how they choose to build.
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
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Forward-looking statements address matters that are, to varying
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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
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raw materials, and meet customer needs, and (iv) other risks to
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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
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SOURCE DuPont