Dover

Dover Corporation, a leading manufacturer of air-conditioning, warm air heating equipment, and commercial and industrial refrigeration equipment, has demonstrated increasing transparency in its carbon emissions reporting. In 2024, the company reported approximately 15.6 billion kg CO2e in Scope 3 emissions, primarily driven by the use of sold products (about 13.6 billion kg CO2e) and purchased goods and services (approximately 479.9 million kg CO2e). Scope 1 and 2 emissions for 2024 were reported at approximately 180 million kg CO2e.

In 2023, Dover Corporation's emissions included approximately 25.6 million kg CO2e in Scope 1 emissions and roughly 74 million kg CO2e in Scope 2 location-based emissions. Scope 3 emissions for the same year were dominated by the use of sold products, totalling about 15.3 billion kg CO2e.

Historical data shows that in 2022, Dover's total reported emissions were approximately 17.4 billion kg CO2e, comprising about 50 million kg CO2e in Scope 1, 99 million kg CO2e in Scope 2, and over 17.2 billion kg CO2e in Scope 3. In 2021, total emissions were around 16.3 billion kg CO2e, with Scope 1 at approximately 43.1 million kg CO2e, Scope 2 at about 92.7 million kg CO2e, and Scope 3 at nearly 16.2 billion kg CO2e.

Dover Corporation has established ambitious climate commitments, including science-based targets to reduce its greenhouse gas emissions. The company is committed to an absolute reduction of 30% in Scope 1 and Scope 2 market-based GHG emissions by 2030, using 2019 as the baseline year. Furthermore, Dover aims to achieve a 15% reduction in its absolute Scope 3 GHG emissions by 2030, also from a 2019 baseline. These targets have been validated by the Science Based Targets initiative (SBTi). The company is reported to be on track for its near-term targets for both Scope 1 and 2 and Scope 3 emissions.