Water

Governance

Dover recognizes water as a shared resource, an essential input to our operations and highly variable based on geography. Where we identify water risks at our locations, we seek to manage water use responsibly by reducing unnecessary consumption and addressing water-related challenges that could affect operational continuity, particularly in higher-risk locations. Dover also considers opportunities to support water stewardship by developing products and solutions that help customers reduce their own water use.

At the corporate level, Dover supports operating companies through internal and external reporting processes and broader risk management. Operating companies are responsible for managing site-level water use and conservation efforts in day-to-day operations, including complying with local regulatory requirements and overseeing operational needs.

Policies

Our approach to water management is grounded in compliance with relevant regulations and a broader commitment to water conservation and responsible environmental stewardship. At several operating companies, water efficiency is incorporated into International Organization for Standardization ("ISO") 14001-certified environmental management systems, helping embed resource efficiency into site-level management practices.

Dover supports qualitative objectives and site-level initiatives intended to improve water efficiency while also encouraging responsible water consumption and discharge. In practice, this means integrating water considerations into environmental management processes and supporting improvement efforts that reflect local operating context and business needs.

Actions and Initiatives

Internal Tracking and Reporting: Primary levers for water management include data tracking, risk assessments and operational improvement. The Dover corporate center works closely with our operating companies to manage internal reporting and enhance year-over-year tracking of water withdrawal and water consumption data. This visibility supports stronger oversight of water use across our facilities and helps determine where additional effort is needed.

Water Risk Assessments: To better understand the business risks associated with water, we use the World Resources Institute Aqueduct tool to assess factors including water scarcity and water quality, along with their potential implications for water availability and cost. This allows us to identify and mitigate potential harm and reputational risks related to our water use and management. In 2025, this analysis indicated that approximately 21% of Dover’s facilities were located in areas with high or extremely high overall water risk. Such insights help us prioritize attention on higher-risk locations and inform our broader oversight of water-related risks.

Water Conservation and Stewardship: Across our business, we continue to pursue practical measures to increase water efficiency and reduce withdrawal where possible. These efforts include recycling water in our production cycles, capturing rainwater, reusing wastewater and improving equipment efficiency. At sites located in areas of high or extremely high water risk, we focus on reducing water use through targeted conservation efforts and investments in more water-efficient systems. Investments range in scale, from facility-level applications, such as low-flow toilets and bottle filling stations, to operational improvements, including coolant filtration systems and water softeners for powder coat pretreatment. Collectively, these measures reflect Dover’s ongoing commitment to water stewardship across its operating companies.