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.

 To formalize our commitment, in 2021, we launched our 2030 greenhouse gas goals, approved by the Science-Based Targets initiative (SBTi) (see below).

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 Scope 3 emissions table below)

Working closely with the Sustainability Steering Committee, a group of operational and financial representatives from Dover's operating companies, as well as corporate leaders coordinates our action plan to achieve energy and greenhouse gas reductions across our facilities worldwide. The Sustainability Steering Committee leads the implementation of Dover’s energy and greenhouse gas initiatives, monitors energy performance, and provides support, training, and tools for all of Dover’s operating companies in pursuit of energy efficiency and carbon reduction.

At the operating company level, all operating companies submit information to the Dover corporate center about new or ongoing energy saving projects, including expected energy savings, cost, and payback period. This team also meets with focus groups of operating companies prioritized based on emissions to discuss both operational and product emissions reduction opportunities and share best practices throughout the enterprise. Read more about our product emission working groups on our Innovation for Sustainable Products webpage.

Initiatives That Drive Progress Against Our Goals

To reduce our energy usage and GHG emissions and in coordination with several of our operating companies, we have implemented several projects to increase energy efficiency and switch to renewable energy. Dover and its operating companies implemented over 100 emission reduction initiatives across its facilities in 2021. 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 2021, 11% of our electricity use comes from renewable sources.

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.

We are focused on measuring performance towards our science-based targets, which focus on our reduction from a 2019 baseline. We are also proud of our legacy of reducing Scope 1 and 2 emissions, which we have reduced by 54% since 2010.

Reporting to CDP

In 2021, we are proud to report that Dover received a CDP rating of an A- for the first time which we maintained in 2022. We attribute this improvement 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. For more information on our annual CDP Climate response, please see our Reports and Disclosures page for our latest CDP Climate response and score report.