DuPont publishes its 2021 sustainability report | 2021-06-21 | Press Releases
WILMINGTON, Del. , June 21, 2021 / PRNewswire / – DuPont (NYSE: DD) today announced the release of its 2021 Sustainability Report – Flourish together , offering a comprehensive overview of the progress made by the company in its environmental, social and governance (ESG) journey, as well as the efforts made to achieve its sustainable development goals by 2030.
âDespite the challenges of 2020, our teams have made significant progress against our 2030 sustainable development goals, while remaining focused on the safety and well-being of our colleagues, delivering to our customers, supporting our communities and creating long-term value for all stakeholders, âsaid Ed breen , Executive Chairman and Chief Executive Officer of DuPont. âAs a leading multi-industry company, we have refined our portfolio which places sustainable development at the center of our growth and our activities; by delivering innovations that meet global needs for clean water, advanced mobility, personal protection, shelter, healthcare and In this time of profound global change, the power of science to help solve some of the world’s greatest challenges underscores that innovation is the most substantial contribution DuPont can make to a more inclusive, sustainable and resilient world.
The report highlights the company’s progress towards achieving its ambitious 2030 Sustainable Development Goals through achievements such as:
- Producing over 100,000,000 pieces of DuPont personal protective equipment clothing for frontline workers and essential in the fight against COVID-19.
- Achieve zero injury and / or illness at 79% of DuPont sites, and 31 sites have been awarded the Responsible CareÂ® Facility Safety Award from the American Chemistry Council.
- Expand our use of renewable electricity sources and credits to 20% of our total electricity and operate 27 sites using 100% renewable electricity.
- Advancing the safety, availability and quality of water worldwide through our expanded portfolio of filtration and purification technologies. DuPont products treat 25,000,000 gallons of water every minute around the world.
- Donate over 1,774,000 items to families in need through our Habitat for Humanity International partnership.
- Partnership with charities: water to help prevent the spread of COVID-19 in vulnerable communities through the deployment of hand washing stations, hygiene and sanitation training.
- Affirming our commitment to tackling climate change as a member of the CEO Climate Dialogue, a collaboration between large companies and NGOs working together to advance effective climate legislation in the United States
- Reinvigorate our commitment to advancing our Diversity, Equity and Inclusion (DE&I) strategy by appointing a DE&I Vice President and a DE&I global office and committing 10 million dollars over the next 10 years to improve racial equality and fairness.
- Be named to the Bloomberg Gender Equality Index 2020 and achieve a 100% score on the Human Rights Campaign’s Corporate Equality Index for the ninth consecutive year.
DuPont’s Sustainable Development Goals 2030, aligned with the United Nations Sustainable Development Goals (SDGs), are ambitious, holistic, integrated and value-creating. They stress the importance of bringing sustainable innovations to market and provide a roadmap that guides the company through a year of unforeseen challenges and allows a clear path forward for its business.
âThe past year has tested us on many fronts, but by working side by side with our colleagues, clients and communities, we have shown the power of science and resilience in thriving together,â said Alexa Dembek, Director of Technology and Sustainability at DuPont. “This report reflects our progress in accelerating our ESG journey and achieving our goal of giving the world the innovations essential to thrive. We challenged ourselves with ambitious goals and through our innovations, our products, our operations and our people, we are poised for growth and passionate about helping to create positive societal change now and in the future. ”
The report available on www.dupont.com/about/sustainability.html has been prepared in accordance with the standards of the Global Reporting Initiative (GRI). The methodology of the report aligns with the standards of the Sustainability Accounting Standards Board (SASB) and adheres to the ten principles of the United Nations Global Compact.
DuPont (NYSE: DD) is a global leader in innovating with materials and technology solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help clients advance their best ideas and deliver essential innovations in key markets such as electronics, transportation, construction, water, healthcare and worker safety. You can find more information about the company, its activities and its solutions at www.dupont.com . Investors can access the information included in the Investor Relations section of the website at www.investisseurs.dupont.com .
DuPont â¢, the DuPont oval logo and all trademarks and service marks designated by â¢, SM, or Â® are the property of affiliates of DuPont de Nemours, Inc., unless otherwise noted.
Caution regarding forward-looking statements
This communication contains “forward-looking statements” within the meaning of 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 fine. In this context, forward-looking statements often deal with expected future business and financial performance and financial condition, and often contain words such as “expect”, “anticipate”, “intend”, “plan” , âBelieveâ, âseekâ, âseeâ, âwillâ, âwouldâ, âtargetâ and similar expressions and variations or negatives of these words.
At April 1, 2019 , the Company completed the separation of the materials science business through the spin-off of Dow Inc., (âDowâ), including Dow’s subsidiary, The Dow Chemical Company (the âDow Distributionâ). At June 1, 2019 , the Company completed the separation of the agricultural business through the spin-off of Corteva, Inc. (“Corteva”), including the subsidiary of Corteva EI du Pont de Nemours and Company (“EID”), (the âCorteva Distribution and with Dow Distribution, theâ DWDP Distributions â).
At February 1, 2021 the Company finalized the sale of the Nutrition & Biosciences (“B&W”) activity to International Flavors & Fragrance Inc. (“IFF”) as part of a Reverse Morris Trust transaction (the “B&W Transaction”) which resulted the issuance of shares by IFF to DuPont shareholders.
At March 8, 2021 , DuPont announced that it has entered into a definitive agreement to acquire the Laird Performance Materials business, subject to regulatory approval and customary closing conditions (the âProposed Acquisition of Laird PMâ).
Forward-looking statements deal with matters that are, to varying degrees, uncertain and subject to risks, uncertainties and assumptions, many of which are beyond DuPont’s control, which could cause actual results to differ materially from those expressed in forward-looking statements. Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont’s actual results to differ materially from those projected in these forward-looking statements include, but are not limited to: (i) the ability to meet expectations regarding timing, completion, integration and accounting and tax treatments related to the proposed acquisition of Laird PM; (ii) the ability to realize the expected benefits, synergies and operating efficiencies of the proposed Laird PM Acquisition on schedule or to successfully integrate the Laird Performance Materials business; (iii) the ability to obtain the tax treatments provided for in the context of the B&W Transaction or DWDP Distributions; (iv) changes in applicable tax and other laws; (v) indemnification of certain liabilities inherited from EID in connection with the Corteva Distribution; (vi) risks and costs related to the performance and impact of the cost sharing arrangement by and between DuPont, Corteva and The Chemours Company relating to future eligible costs of PFAS; (vii) failure to effectively manage acquisitions, divestitures, alliances, joint ventures and other portfolio changes, including fulfillment of conditions under the letter of understanding entered into in connection with the distribution of Corteva, related to the transfer certain levels of assets and activities; (viii) uncertainty as to the long-term value of DuPont common stock; (ix) risks and uncertainties associated with the novel coronavirus (COVID-19) and responses to it (such as voluntary and, in some cases, mandatory quarantines as well as closures and other restrictions on travel and business activities social and other) on DuPont’s business, results of operations, access to sources of liquidity and financial condition which depend on highly uncertain and unforeseeable future developments, including, but not limited to, the duration and the spread of the COVID-19 epidemic, its severity, actions to contain the virus or address its impact, and how quickly and to what extent normal economic and operational conditions are resuming; and (x) other risks to DuPont’s business and operations; each as 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 Forms 10-Q and 8-K. Factors not listed may present significant additional barriers to making forward-looking statements. The consequences of material differences in results from those anticipated in forward-looking statements could include, among other things, business or supply chain disruption, operational issues, financial losses, legal liability to others. third party and similar risks, which could have a material adverse effect on DuPont’s consolidated financial position, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statement, whether as a result of new information, future developments or otherwise, if circumstances change, except as otherwise required by securities laws and other applicable laws.
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