At Dover Corporation, we believe that green business is good business.
Dover is committed to our environment
Dover companies are committed to creating economic value for shareholders
and customers through sustainable practices that protect the long term
well-being of the environment. From greenhouse gas and waste reductions, to
increased energy efficiency, Dover is striving to meet the global
environmental needs of today and tomorrow. As a worldwide, diversified
manufacturer of industrial products, we are ideally positioned to make a
positive difference on a large scale. We are continuously developing new and innovative products that
deliver compelling green benefits. By utilizing Dover solutions, our customers
not only realize cost savings, but also take important steps towards
fulfilling their own goals of social and environmental responsibility.
What is SustainAbility?
At Dover, the term SustainAbility represents our commitment to the journey of continuous improvements in our environmental protection efforts.
Dover businesses have embarked on a long-term commitment to operational excellence. Our success and progress will be gauged by metrics specific to each business unit, such as reductions in greenhouse gas emissions, volatile organic compounds (VOC), metal and cardboard consumption and landfill utilization. In addition to being socially responsible, leaving a smaller environmental footprint gives us the power to reduce operational costs and maximize profitability.
Dover SustainAbility Policy
At Dover we pride ourselves on our culture of trust, accountability and
honesty in everything we do. We have a commitment and a responsibility to
create economic value for shareholders and customers through practices that
help protect the long-term well-being of the environment, our employees, and
the communities in which we operate.
As a worldwide, diversified manufacturer
of highly-engineered products, we are ideally positioned to have a positive
impact on a broad scale.
In accordance with our SustainAbility Policy, we will:
Manage the potential physical, regulatory, operational and financial risks and opportunities to our businesses related to climate change.
Monitor, review and improve the energy and greenhouse gas efficiency of our products, services and operations.
Communicate and engage with customers, shareholders and employees regarding our energy and greenhouse gas performance.
Dover SustainAbility Report
In 2010, Dover made significant strides in assessing our greenhouse gas
emissions. In mid-2010, we launched our SustainAbility Metrics Tool to collect
the information needed to create an inventory of our greenhouse gas emissions
from our operating companies. The greenhouse gas inventory includes emissions
from the following sources that are owned or wholly-operated by Dover
operating companies:
Purchased energy
Stationary combustion
Mobile sources
Refrigerant losses
Using this information, we also assessed our energy usage, along with our
greenhouse gas emissions, to arrive at our 2010 footprint. The following table
presents the results of this evaluation.
Dover
Corporation Footprint at 2010 Revenues
Category
Measure
Intensity
Total Greenhouse Gas Emissions
387,000 metric tonnes of carbon
dioxide equivalents (CO2e)
54 metric tonnes CO2e/$M revenue
Total Energy Usage*
654,000 Megawatt
Hours (MWH)
92 MWH/$M revenue
Goals
We are committed to reducing our greenhouse gas emissions and energy consumption. To that end, Dover is committed to the achievement of the following reduction goals by 2020 using 2010 as the base year.
Greenhouse Gas and Energy Reduction Goals Indexed to Dover Corporation Revenues (2010 to 2020)
20% reduction in greenhouse gas emissions
20% reduction in energy consumption
We anticipate achieving these reduction goals through a combination of programs, including:
Energy assessments and energy management plans at the companies/sites with the highest energy consumption and greenhouse gas emissions.
Global programs to drive consistency and energy reductions (e.g., procurement, building standards, business continuity planning).
Assessment of renewable energy options at select sites, where appropriate. Communication and engagement with key stakeholders regarding energy and greenhouse gas performance.
