Dover

Dover Corporation: Carbon Emissions and Climate Commitments

Dover Corporation, a US-based manufacturer of air-conditioning, warm air heating equipment, and commercial and industrial refrigeration equipment, is committed to reducing its greenhouse gas (GHG) emissions.

Emissions Performance:

For the reporting year 2024, Dover Corporation reported Scope 3 emissions of approximately 15.4 billion kg CO2e. Scope 1 and 2 emissions for this period were approximately 180 million kg CO2e.

In 2023, Dover Corporation's total emissions amounted to approximately 15.6 billion kg CO2e. This comprised Scope 1 emissions of approximately 25.6 million kg CO2e, Scope 2 emissions of approximately 74 million kg CO2e, and Scope 3 emissions primarily driven by the use of sold products, totalling about 15.3 billion kg CO2e.

For 2022, the company reported total emissions of approximately 17.4 billion kg CO2e. Scope 1 emissions were approximately 50 million kg CO2e, Scope 2 emissions were approximately 99 million kg CO2e, and Scope 3 emissions were approximately 17.3 billion kg CO2e.

In 2021, Dover Corporation's total emissions were approximately 16.3 billion kg CO2e, with Scope 1 emissions at about 43.1 million kg CO2e, Scope 2 at approximately 92.7 million kg CO2e, and Scope 3 at around 16.2 billion kg CO2e.

In 2020, total emissions were approximately 16.3 billion kg CO2e, comprising Scope 1 emissions of about 39.7 million kg CO2e, Scope 2 emissions of approximately 92.8 million kg CO2e, and Scope 3 emissions of around 16.3 billion kg CO2e.

For 2019, total emissions were approximately 17.6 billion kg CO2e, with Scope 1 and 2 emissions totalling approximately 210.4 million kg CO2e and Scope 3 emissions amounting to approximately 17.4 billion kg CO2e.

In 2017, the company reported Scope 1 and 2 emissions of approximately 184.4 million kg CO2e.

Climate Commitments and Reduction Targets:

Dover Corporation has set ambitious science-based targets to reduce its environmental impact. The company is committed to:

• Reducing absolute Scope 1 and Scope 2 market-based GHG emissions by 30% by 2030, from a 2019 baseline year. This commitment is recognised by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep warming to Well-below 2°C. Progress towards this target has been identified as on track over the two and five-year periods by the SBTi.
• Reducing absolute Scope 3 GHG emissions by 15% by 2030, also from a 2019 base year. This Scope 3 target has also been recognised by the SBTi as being on track for the near term. The company aims to achieve this reduction through innovating lower emission products.

These targets are supported by a commitment to reduce direct greenhouse gas emissions from operations.