Sustainability Overview

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Our vision is to bring a sustainable innovation for every customer challenge. This guides our efforts across our portfolio of operating companies and team of approximately 24,000 employees. Across Dover, we focus on operating sustainably, advancing innovation, supporting our people and maintaining strong governance.

Our sustainability goals provide the direction and encourage ambition for our entire organization. Our science-based targets ("SBTs") are to reduce our emissions from our own operations (Scope 1 and 2) by 30% by 2030 (from a 2019 baseline) and to reduce our value chain emissions (Scope 3) by 15% over the same time period. Our safety goal is to reduce our recordable incident rate by 20% by 2030 (from a 2025 baseline). We annually track our progress and are committed to renewing these SBTs and other sustainability goals as appropriate.

 

 

Dover's Sustainability Vision

A sustainable innovation for every customer challenge.

Redefining what's possible...

...for a sustainable planet

Climate Action and Innovation

Driving down our operational greenhouse gas footprint and developing products and services that help customers meet their sustainability goals

Goals

Reduce absolute scope 1 and 2 market-based GHG emissions 30% by 2030 from a 2019 base year

Reduce absolute scope 3 GHG emissions 15% by 2030 from a 2019 base year

...for an effective sustainability governance model

Please visit the Dover website for more information on our sustainability governance and our commitment to transparent reporting.

Every day we continue to strengthen how sustainability is integrated into business strategy, operations and performance management to drive sustainable outcomes for our customers, employees, communities and investors.

Sustainability Oversight

The Board of Directors oversees business conduct matters, including sustainability matters as part of its broader oversight of Dover’s enterprise risks and long-term strategy. This oversight is supported by independent Board committees and integrated into Dover’s risk management processes. In selecting director nominees, the Governance and Nominating Committee considers candidates’ diverse experiences, industry and company knowledge, skills and tenure to support a balanced and effective Board. The Board also receives sustainability updates at least annually and considers sustainability performance as part of the CEO’s annual performance and compensation evaluation through the CEO’s strategic objectives.

To support implementation of sustainability-related governance priorities, Dover has also established a cross-functional Sustainability Steering Committee ("SSC"), comprised of leaders from the corporate center and operating companies, chaired by the General Counsel. With oversight from the Board, the SSC meets generally quarterly to help guide sustainability initiatives, approve targets, monitor performance and identify opportunities to strengthen management of sustainability-related matters.

Materiality and ESRS Alignment

Our sustainability reporting efforts are increasingly shaped by regulation, including the introduction of frameworks such as the Corporate Sustainability Reporting Directive ("CSRD"). In this context, Dover has refreshed its materiality assessment informed in part by the structure of the CSRD’s European Sustainability Reporting Standards ("ESRS").

At the same time, not all of Dover’s sustainability reporting topics align directly to an ESRS standard or rose to materiality in our ESRS double materiality assessment. Certain topics remain important to Dover and its stakeholders, even where there is not a one-to-one ESRS mapping.

This overview is intended to summarize Dover’s sustainability priorities and is informed by leading frameworks, internal and external stakeholder feedback and industry insights. Please select a topic to explore in more detail below.

Dover Material Topics and ESRS Alignment

Dover Material Topic ESRS Reference ESRS Topic Name
Climate Action E1 Climate Change
Circularity & Waste E5 Circular Economy
Employee Health & Safety S1 Own Workforce
Inclusion & Talent S1 Own Workforce
Supply Chain Responsibility S2 Workers in the Value Chain
Product & End-User Safety S4 Consumers & End Users
Business Conduct G1 Business Conduct
Additional Sustainability Reporting Topics
Water Data Security & Privacy
Community Engagement & Philianthropy Political Disclosure

Our Sustainability Reporting Approach

In addition to reporting our progress annually through our sustainability webpages, we publish indices aligned to the Sustainable Accounting Standards Board ("SASB") reporting framework and Global Reporting Initiative ("GRI") standards and summarize the results of our climate scenario analysis in our Task Force on Climate-Related Financial Disclosures ("TCFD") Index. We also disclose key environmental impacts to CDP.