Sustainability has long been fundamental to Dover’s success, embedded in how we operate, how we innovate products and how we support our customers. Our sustainability vision, “a sustainable innovation for every customer challenge,” reflects how our customer-centric teams approach product design, combining efficiency and innovation with a growing focus on sustainability attributes throughout the product life cycle.

We achieve sustainability results through the efforts of our operating companies, using our corporate center to drive efficiencies and share best practices. Dover’s decentralized model empowers our teams to identify sustainability opportunities within their own facilities and to develop sustainable products unique to their diverse markets. For example, in our Climate & Sustainability Technologies segment, our teams are investing in low global warming potential ("GWP") refrigerant solutions that meet customer needs and help decarbonize our products’ emissions. These innovations are customer-focused, pragmatic and data-driven, delivering measurable impact that compounds over time.

Executing on our strategy and goals has resulted in meaningful progress and sustainable outcomes:

• Greenhouse Gas Emissions: As of year-end 2025, we reduced our combined Scope 1 and 2 market-based emissions by 22% from our 2019 baseline. These reductions reflect operational improvements, renewable electricity procurement and targeted investments in energy efficiency. The majority of our value chain emissions (Scope 3) are associated with downstream activities, primarily during our customers’ use of the products we sell. We continue to develop products that help our customers meet their sustainability goals and in turn reduce our Scope 3 emissions. This includes innovations in refrigeration, fueling and fluid handling technologies that lower lifetime energy use and emissions from our products. Each year we calculate the use-phase emissions of what we sold in the past year, and this figure has dropped by 35% since our 2019 baseline.
• Health and Safety: We achieved our 2025 goal to reduce our Total Recordable Incident Rate ("TRIR") by 40% from our 2019 baseline. Our performance of 0.75 incidents per 200,000 hours worked outperforms the target we set. This achievement reflects deliberate, enterprise‑wide investment in proactive safety programs and a stronger culture of risk prevention across our operating companies. It is a testament to the dedication of our teams and the impact of our behavior‑based safety initiatives, which drive early risk identification, continuous improvement and a shared sense of ownership for safety. To sustain this momentum, we have established a new set of safety targets to support continued improvements in incident rate performance over time.

Sustainability is a journey, and we are proud of the progress we have made. We know there is more work to do, and we remain committed to listening, learning and evolving. I want to thank our employees for their dedication to our outstanding performance, our customers for their partnership and our shareholders and community for their trust.

Richard J. Tobin
Chairman, President and Chief Executive Officer
September 2026