ESG Areas of Focus

Throughout our history, our commitment to corporate responsibility and sustainability has created significant value for Dover. Across our portfolio of operating companies and a team of over 25,000 employees, we remain focused on operating sustainably to help meet the goals of our customers, realize the full potential of our employees through a culture that supports and values their efforts, and make the communities in which we operate stronger.

Please select a topic to explore in more detail below.

* Dover progress information to be provided on these topics in 2022

Sustainability Commitment

We are proud of our longstanding commitment to sustainability and we are dedicated to integrating sustainability into our business strategy and operations. We are pursuing sustainability initiatives that support our employees, customers, and communities to ensure our businesses continue to create long-term value for our shareholders.

In 2020, we began implementing a three-year plan to expand our Environmental, Social, and Governance (“ESG”) disclosures, metrics, goals, and governance oversight. This journey commenced after extensive dialogue with our stakeholders and with the strong support of and collaboration with our Board of Directors.

Our ESG areas of focus serve as the framework for evolving these goals and metrics to measure our future performance. They also influence our approach to product creation and innovation, environmentally sustainable operational practices, supply chain management, attracting, retaining, and protecting our people, optimizing our community impact, and fostering a culture of integrity and accountability.

As part of our three-year plan, we launched this sustainability website to disclose key sustainability performance indicators, established a Sustainability Steering Committee to drive the integration of sustainability into business matters, and developed targets and goals for key ESG areas of focus. Recent acquisitions complement our existing operations and expand our evolving fueling portfolio toward clean energy.

Message from the CEO

Richard Tobin

Our commitment to sustainability comes from the top. Read our message from the CEO, Richard Tobin here.

2021 Sustainability Highlights

See a six page summary highlighting key initiatives and performance metrics from our sustainability activities to date here.

2021 Sustainability Highlights Thumb

Dover’s New ESG Goals

Dover's 2030 Science-Based Targets

Dover's 2025 Health and Safety Goal

Diversity and Inclusion Goals

 

We are proud to report that we met our publicly stated 2020 greenhouse gas (GHG) reduction goals ahead of schedule and that our new 2030 energy and emissions goals have been approved by the Science Based Targets Initiative (see below). We developed our goals after rigorous discussion with key stakeholders and evaluation of technology-specific measures and have developed a roadmap with priority actions for each scope to achieve our goals. We are committed to tracking our progress, renewing these and other sustainability goals and continually improving our performance in other ESG priority areas.

2010–2020_ GHG Intensity and Energy Intensity

 

Energy and Emissions Goals

In 2021 Dover set new 2030 energy and emissions goals. Our goals are approved science-based targets1 in line with a well-below 2°C trajectory. Dover commits to reduce our direct greenhouse gas emissions from operations (Scope 1 and 2) 30% by 2030 from a 2019 base year and reduce our indirect (Scope 3) emissions 15% by 2030. We will report progress against these goals on our Energy and emissions webpage annually through 2030.

Materiality Analysis

In early 2020, we conducted a materiality analysis to identify and prioritize the ESG areas of focus that are the most important to our business and stakeholders such as shareholders, employees, suppliers, and customers. The results of the materiality analysis are available herehere.

The analysis began with developing a list of relevant ESG topics from internal and external resources, including our strategic focus areas and long-term business plan, topics reported by peers, and those identified as material by industry standard setters. We also considered feedback received from investors on sustainability matters solicited during our engagement efforts. We used those topics to guide interviews with a wide variety of our business leaders, including representatives from our operating companies as well as human resources, supply chain, legal, investor relations, and operations to consider the perspectives of our most important stakeholders such as our shareholders, employees, suppliers, and customers.

The findings from the materiality analysis were used by our Sustainability Steering Committee to identify the priority ESG topics that are most critical to our company. We view the results of the materiality analysis through the lens of our long-term strategic plan and values in order to help support the prioritized allocation of resources. For each sustainability topic, we are applying our resources, expertise, and innovation to improve outcomes and drive results. These ESG areas of focus will guide our sustainability strategy moving forward and will help to promote clear and transparent reporting of ESG matters to our shareholders, customers, employees, suppliers, and broader communities.

Our Sustainability Reporting Approach

The results of our materiality analysis provide a roadmap for the ESG areas of focus that will receive enhanced investment as part of our sustainability strategy. Following the launch of our refreshed Sustainability webpage we published indices using the Sustainable Accounting Standards Board (SASB) reporting framework and key Global Reporting Initiative (GRI) indicators, and a Task Force on Climate-Related Financial Disclosures (TCFD) Index. We also disclose key environmental impacts to CDP. We are committed to focusing on and making progress against ESG metrics and targets that are material to our business.

About Us

As a diversified global manufacturer and solutions provider, we leverage global scale, operational agility, world-class engineering capability, and customer intimacy to lead in the markets we serve. Our core strengths of ownership, entrepreneurship, and accountability fuel our ability to deliver cutting edge products and solutions to our customers.

We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through five operating segments:

Engineered Products delivers industry-leading equipment, components and software serving the vehicle aftermarket, waste handling, industrial automation and aerospace & defense end markets.

Clean Energy & Fueling provides a comprehensive portfolio of safety and efficiency solutions for the convenience retail, fueling and clean energy, cryogenic gas and vehicle wash markets.

Imaging & Identificationleads the design and manufacture of equipment, consumables and software, in addition to providing support services for the marking & coding, product traceability and authentication and digital textile printing markets.

Pumps & Process Solutions supplies performance-critical components and solutions for the safe handling of fluids across the chemical, bioproduction, hygienic, energy and diversified industrial markets.

Climate & Sustainability Technologies develops and supplies innovative and energy-efficient equipment and systems serving the commercial refrigeration, heating & cooling and beverage packaging equipment markets.

For more company information, please visit our About Dover page.

Dover Highlights

Operating-companies around the world

2021 Revenue

Employee Redefining

 

1 To learn more about science-based targets, visit https://sciencebasedtargets.org