At Dover, efficiency in our operations is a foundational principle, and our commitment to reducing our environmental impact includes managing waste responsibly. Accordingly, we are pursuing efforts to identify and minimize sources of waste in our operations and value chain, including upstream and downstream waste production associated with material sourcing and customer product use.
EMBEDDING EFFICIENCY IN OUR OPERATIONS
Efficiency is a core principle for all Dover operating companies. Each operating company is responsible for managing waste and developing an approach that is customized to the unique context and requirements of their business.
Waste management practices vary at our sites depending on our operating companies’ product lines and customer needs, but generally waste management efforts include some or all of the following:
- Focusing on efficiency and continuous improvement through lean manufacturing that reduces the seven kinds of waste (i.e., overproduction, overprocessing, waiting, motion, inventory, transportation, and defects) identified in the centralized 0DOVER operational excellence and safety framework
- Developing recycling or waste strategy based on value stream mapping and optimized packaging design
- Following internationally recognized best practice environmental management systems such as International Organization for Standardization (ISO) 14001 and setting goals for waste reduction
- Assessing waste management through third parties such as EcoVadis at the request of customers
- Conducting an internal audit of waste management and lean practices through the 0DOVER framework
- Innovating for sustainability in new product development to enable a more circular economy, including consideration of the entire product lifecycle and efforts to reduce waste generated and energy or water consumed by products
As with other sustainability-related risks, waste risks are evaluated and integrated into our broader company-wide oversight of risk management as needed. We strive to address waste-related risks through our ongoing conservation efforts. In the future we are considering centralizing data collection, reporting, and management of waste to drive increased attention to waste reduction efforts.