A Message From the President and Chief Executive Officer

In 2020, we set a three-year plan to expand the scope and strength of our environmental, social, and governance (ESG) practices and disclosures. In the first two years of this plan, we introduced a newly created sustainability portion of our website highlighting our overall ESG metrics and efforts, announced new ESG goals, and established a sustainability steering committee to guide ESG execution.

We are proud of the progress we have made so far and are humbled by the recognitions we have received, including an A- on the CDP Climate rating and inclusion on the list of Newsweek’s Most Responsible Companies.  We are also proud that our customer-focused teams are evolving our solutions portfolio to meet the increasing demand for products and services that drive sustainable business practices and better environmental performance, while continuing to deliver strong long-term financial performance. At Dover, our product design decisions have always been centered on redefining what’s possible and in today’s environment, that means innovating to create environmentally-friendly and resource-efficient products. Dover’s recent acquisitions of Acme and RegO, both focused on clean energy, exemplify how we have strategically sought to expand our sustainable product offerings in this critical area.

As excited as we are about our accomplishments, we recognize that there is much work to be done and believe the world will continue to need innovations to tackle the various challenges our society faces. During the global pandemic, our Operating Companies not only diligently assessed and reassessed safety protocols to ensure the safety of our employees, but also provided important products and services which our customers relied upon to support important societal functions.  Our ongoing commitment to innovation enabled us to contribute to the global effort in many ways, including through assisting with vaccine production, lab testing equipment, ventilators and ambulance disinfection systems. While the future of COVID-19 is uncertain, our dedication to being a good corporate citizen in our communities is unwavering.

We launched social and environmental goals in early 2021 to reinforce our commitment to the wellbeing of our workforce and the environment. After conversations with stakeholders across our Operating Companies and customer base to prioritize the ESG matters that have the greatest impact on our business, we established goals in the areas of (1) greenhouse gas emissions related to our operations and the use of our sold products, (2) employee health and safety and (3) diversity and inclusion. We set science-based targets committing to reduce our operational greenhouse gas emissions 30% and our value chain emissions 15% by 2030 from a 2019 base year.

I am inspired by our team’s contributions to environmental, social, and governance matters and look forward to our continued achievements. As a diversified international manufacturer, we recognize our responsibility in the global decarbonization effort. We continue to keep a focus on product innovation and achieving our ESG goals while delivering the products and solutions our customers depend on. I encourage you to navigate our website to learn more about our ESG journey.

Richard J. Tobin Signature

Richard J. Tobin
President and Chief Executive Officer
April 2022