Energy and Emissions

At Dover, the management and use of environmental resources, including energy, is an important part of our business. We are committed to conserving energy, using renewable energy, and continually improving the efficiency of our operations.

In 2021, we launched our 2030 greenhouse gas goals, approved by the Science Based Targets initiative (SBTi), to formalize our commitment.

Dover’s 2030 GHG Emissions science-based targets

Dover commits to reduce our direct greenhouse gas emissions from operations (absolute Scope 1 and Scope 2 market-based emissions) 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 webpage annually through 2030.





Graphic showing 2030 target data

Managing Our Impact

Due to the nature of our business, our energy consumption and GHG emissions derive from two main sources:

  • ~1% of total GHG emissions stem from our business operations, which involve the use of combustible energy, including natural gas, diesel, propane, and fuel oil (Scope 1 emissions) and purchased electricity (Scope 2 emissions)
  • ~99% of total GHG emissions are from downstream and upstream activities in our value chain, such as use of sold products, purchased goods and services, end of life treatment of sold products, transportation and distribution, investments, employee commuting, capital goods, business travel, and fuel-and-energy related activities. See the table below for each category of Dover’s Scope 3 emissions profile

Operational and financial representatives from Dover's operating companies and corporate leaders work closely with the Sustainability Steering Committee to coordinate energy and greenhouse gas reductions across facilities worldwide. The Sustainability Steering Committee provides oversight for the implementation of Dover’s energy and greenhouse gas initiatives, monitors energy performance, and supports energy efficiency and carbon reduction efforts at Dover’s operating companies.

At the operating company level, GHG Champions work with the Dover corporate center to plan, execute, and measure operational emissions reduction efforts. GHG Champions submit information to the Dover corporate center about new or ongoing energy saving projects, including expected energy savings, cost, and payback period.

The Dover corporate center also facilitates quarterly focus groups of GHG Champions and other leaders at operating companies, prioritized based on emissions, to discuss both operational and product emissions reduction opportunities. These meetings encourage operating companies to share best practices throughout the enterprise in support of Dover’s corporate-wide emissions reduction targets.

We recognize that our combined Scope 1 and 2 emissions increased by approximately 10% compared to the previous reporting year. We attribute these trends to improved data collection in 2022 and revenue growth as operations continue to rebound from the global COVID-19 pandemic. We are considering a full re-baseline of 2019 data to adjust for the improved data collection methodologies used in 2022. To further advance progress toward our goals, the corporate center plans to take a more active role by analyzing emissions reductions and financial impacts of additional projects and sharing this information for use across our operating companies.

Dover’s Scope 3 emissions have also increased by approximately 7% compared to the previous reporting year. While our operating companies are working hard to innovate more sustainable products, there is a notable time lag in the product development process between the inception of a sustainable product idea and the realization of emissions reductions associated with that product. On average in our industries, the time from ideation to products in-use at scale is approximately 5-10 years. However, we are beginning to see our team's sustainable innovations come to market, including the recent launch of Environmental Solutions Group's electric Refuse Collection Vehicle (eRCV). The eRCV is a significant milestone in the decarbonization pathway for the waste and recycling industries. The corporate center continues to engage with our operating companies on the integration of sustainability into the product development process through product emission working groups. Read more about our sustainable product innovations and product emission working groups on the Innovation for Sustainable Products webpage.

Dover recently launched an internal sustainability website that provides Dover employees with tools and resources to learn about sustainability, understand Dover’s sustainability vision and strategy, and identify opportunities to support Dover’s sustainability efforts. The website includes information on our sustainability reporting and policies, external resources and training, and acronyms and key terms. In addition, GHG Champions and other leaders can use the internal sustainability website to access tools that Dover uses to track operational emissions reduction initiatives and foster collaboration between our operating companies.


Initiatives That Drive Progress Against Our Goals

Dover has coordinated with several operating companies to implement energy efficiency and renewable energy projects that reduce our energy usage and GHG emissions. As of 2022, over 150 emission reduction initiatives have been implemented or are in progress across our facilities. These projects included:

Energy efficiency improvements

  • HVAC improvements, such as programmable thermostats
  • Lighting retrofits
  • Compressed air improvements, such as new compressor systems
  • Behavioral improvements, such as shutting down machinery at night
  • Process upgrades, including machinery and technology

Switching to lower emission energy sources

  • Solar photovoltaic installation at various facilities
  • Purchasing energy from renewable sources
  • Switching fleet and machinery from diesel to electric or other alternative fuels
  • Low-emission fuels for curing oven use

As of the end of 2022, over 12% of Dover’s electricity use comes from renewable sources. Our consumption of electricity from renewable sources has increased 34% since 2019.


Measuring Our Performance

We measure our Scope 1 and 2 emissions by gathering environmental data from our worldwide facilities. This includes GHG emissions associated with the fuels and refrigerants we use for heating and cooling our buildings and driving our fleet vehicles (Scope 1 emissions), as well as the electricity we purchase to power our operations and buildings (Scope 2 emissions). Our energy and GHG emissions are calculated using the World Resources Institute Greenhouse Gas Protocol’s operational control and Scope 2 market-based approach.

For our upstream and downstream activities, we work with third-party organizations to estimate emissions relevant to our value chain (Scope 3 emissions). Our energy and GHG metrics are verified by a third party before being disclosed in our sustainability webpages and annual CDP submission.

Dover is committed to continuously improving its sustainability metric calculations as part of its sustainability journey. We consistently review our internal processes to improve the rigor of our GHG reporting, including adding controls for data management as needed.

We monitor progress and measure performance toward our science-based targets, which drive emissions reduction from a 2019 baseline. We are proud of our legacy of reducing Scope 1 and 2 emissions. Since 2010, we have reduced our Scope 1 and 2 emissions by 50%.

Reporting to CDP

In 2022, we are proud to report that Dover received a CDP rating of an A- for the second consecutive year. We attribute this score to our improved disclosures, our commitment to a more sustainable business through our science-based targets, and our investments in energy-saving projects. This rating is higher than the global average of C and the powered machinery sector average of C. Please see our Reports and Disclosures page for our latest CDP Climate response and score report.

CARBON MANAGEMENT RATINGS AT DOVER OPERATING COMPANIES

Markem-Imaje, an operating company in Dover’s Imaging and Identification segment, is assessed annually by EcoVadis, a trusted global provider of sustainability ratings. In 2022, Markem-Imaje’s manufacturing facility in Bourg-les-Valence, France was awarded a Gold Medal in recognition of its leading corporate social responsibility practices for the third consecutive year. The site was also identified as a leader in carbon management due to best-in-class GHG management systems and a strong decarbonization ambition.