DuPont (NYSE: DD) today announced the release of its 2021 Sustainability Report – Thriving Together, providing a comprehensive overview of the company's progress made in its environmental, social and governance (ESG) journey, as well as efforts to achieve its 2030 Sustainability Goals.
"Despite the challenges of 2020, our teams made meaningful progress against our 2030 Sustainability Goals, while remaining laser-focused on the safety and well-being of our colleagues, delivering for our customers, supporting our communities, and creating long-term value for all stakeholders," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. "As a premier multi-industrial company, we've sharpened our portfolio that places sustainability at the center of how we grow and operate our businesses; delivering innovations that address global needs for clean water, advanced mobility, personal protection, shelter, healthcare and connectivity. In this period of profound global change, the power of science to help solve some of the world's biggest challenges underscores that innovation is the most substantive contribution DuPont can make toward a more inclusive, sustainable and resilient world."
The report highlights the company's progress toward achieving its ambitious 2030 Sustainability Goals through accomplishments such as:
- Producing more than 100,000,000 DuPont personal protective equipment garments for front-line and essential workers in the fight against COVID-19.
- Achieving zero injuries and/or illnesses at 79 percent of DuPont sites, and 31 sites earned Responsible Care® Facility Safety Awards from the American Chemistry Council.
- Expanding our use of renewable electricity sources and credits to 20 percent of our total electricity and operating 27 sites utilizing 100 percent renewable electricity.
- Advancing water security, availability and quality worldwide through our expanded filtration and purification technologies portfolio. DuPont products process 25,000,000 gallons of water every minute around the world.
- Donating more than 1,774,000 items to families in need through our Habitat for Humanity International partnership.
- Partnering with charity: water to help prevent the spread of COVID-19 in vulnerable communities through the deployment of hand-washing stations, hygiene and sanitation training.
- Affirming our commitment to address climate change as a member of the CEO Climate Dialogue, a collaboration between large companies and NGOs working together to advance effective climate legislation in the U.S.
- Re-invigorating our commitment to advance our Diversity, Equity & Inclusion (DE&I) strategy by appointing a Vice President of DE&I and a global DE&I office and pledging $10 million over the next 10 years to improve racial equality and equity.
- Being named to the 2020 Bloomberg Gender- Equality Index and receiving a score of 100% on the Human Rights Campaign's Corporate Equality Index for the ninth consecutive year.
DuPont's 2030 Sustainability Goals, aligned with the United Nations Sustainable Development Goals (UN SDGs), are ambitious, holistic, integrated and value-creating. They underscore the importance of bringing sustainable innovations to market and provide a roadmap guiding the company through a year of unforeseen challenges and enabling a clear path ahead for its businesses.
"This past year tested us on many fronts yet working side-by-side with our colleagues, customers and communities, we've shown the power of science and resiliency by thriving together," said Alexa Dembek, DuPont Chief Technology & Sustainability Officer. "This report reflects our progress in accelerating our ESG journey and delivering on our purpose to empower the world with the essential innovations to thrive. We have challenged ourselves with ambitious goals and though our innovations, products, operations, and people, we are poised for growth and passionate about helping create positive societal change now and in the future."
The report which is available at www.dupont.com/about/sustainability.html has been prepared in accordance with the Global Reporting Initiative (GRI) standards. The report methodology aligns with the Sustainability Accounting Standards Board (SASB) standards and adheres to the ten principles in the United Nations Global Compact.
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at www.investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, SM or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
Cautionary Statement Regarding Forward Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target," and similar expressions and variations or negatives of these words.
On April 1, 2019, the Company completed the separation of the materials science business through the spin-off of Dow Inc., ("Dow") including Dow's subsidiary The Dow Chemical Company (the "Dow Distribution"). On June 1, 2019, the Company completed the separation of the agriculture business through the spin-off of Corteva, Inc. ("Corteva") including Corteva's subsidiary E. I. du Pont de Nemours and Company ("EID"), (the "Corteva Distribution and together with the Dow Distribution, the "DWDP Distributions").
On February 1, 2021 the Company completed the divestiture of the Nutrition & Biosciences ("N&B") business to International Flavors & Fragrance Inc. ("IFF") in a Reverse Morris Trust transaction (the "N&B Transaction") that resulted in IFF issuing shares to DuPont stockholders.
On March 8, 2021, DuPont announced entry into a definitive agreement to acquire the Laird Performance Materials business, subject to regulatory approval and customary closing conditions, (the "proposed Laird PM Acquisition").
Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements. Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont's actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) ability to achieve expectations regarding the timing, completion, integration, and accounting and tax treatments related to the proposed Laird PM Acquisition; (ii) the ability to achieve expected benefits, synergies and operating efficiencies in connection with the proposed Laird PM Acquisition within the expected time frames or at all or to successfully integrate the Laird Performance Materials business; (iii) ability to achieve anticipated tax treatments in connection with the N&B Transaction or the DWDP Distributions; (iv) changes in relevant tax and other laws; (v) indemnification of certain legacy liabilities of EID in connection with the Corteva Distribution; (vi) risks and costs related to the performance under and impact of the cost sharing arrangement by and between DuPont, Corteva and The Chemours Company related to future eligible PFAS costs; (vii) failure to effectively manage acquisitions, divestitures, alliances, joint ventures and other portfolio changes, including meeting conditions under the Letter Agreement entered in connection with the Corteva Distribution, related to the transfer of certain levels of assets and businesses; (viii) uncertainty as to the long-term value of DuPont common stock; (ix) risks and uncertainties related to the novel coronavirus (COVID-19) and the responses thereto (such as voluntary and in some cases, mandatory quarantines as well as shut downs and other restrictions on travel and commercial, social and other activities) on DuPont's business, results of operations, access to sources of liquidity and financial condition which depend on highly uncertain and unpredictable future developments, including, but not limited to, the duration and spread of the COVID-19 outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions resume; and (x) other risks to DuPont's business, operations; each as further discussed in detail in and results of operations as discussed in DuPont's annual report on Form 10-K for the year ended December 31, 2020 and its subsequent reports on Form 10-Q and Form 8-K. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DuPont's consolidated financial condition, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.