SOURCE: DuPont
DESCRIPTION:
WILMINGTON, Del., April 29, 2022 /3BL Media/ – DuPont (NYSE: DD) announced it has joined Apple’s Supplier Clean Energy Program. By participating in the program, DuPont has committed to use 100 percent renewable electricity, including renewable energy credits (RECs) in its manufacture of all products for Apple – a key milestone in achieving renewable electricity and climate stewardship goals outlined in DuPont’s 2030 Sustainability Goals.
“DuPont is proud to join Apple’s Supplier Clean Energy Program,” said Jon Kemp, President, DuPont Electronics & Industrial. “Together, we are working to support a transition to clean energy and are positively addressing climate change. Sustainability has been a focal point for our business and we’re committed to partnering with our customers and suppliers to advance the adoption of clean electricity and reduce environmental impacts along the electronics industry value chain.”
Today’s announcement follows a series of actions DuPont has taken to support its Climate Action goal to reduce greenhouse gas (GHG) emissions 30% by 2030, sourcing 60% of electricity from renewable energy and delivering carbon neutral operations by 2050:
- In 2021, DuPont achieved 15% renewable electricity, including renewable energy credits (RECs), which will be highlighted in the company’s sustainability report publishing on May 2, 2022. This includes DuPont’s Interconnect Solutions business (ICS) — part of the Electronics & Industrial segment and manufacturer of products sold to Apple — which now powers 95 percent of its global operations using renewable electricity.
- DuPont is a member of RE100, a global environmental initiative led by the Climate Group in partnership with CDP, which brings together companies committed to shifting the electricity used globally in its operations to 100 percent renewable energy.
- In 2021, the company signed a virtual power purchase agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC. The VPPA wind power project is scheduled to commence operations in 2023 and is expected to deliver approximately 528,000 megawatt hours (MWh) of wind-generated renewable electricity annually to the local grid. This is equivalent to approximately 25 percent of the company’s total electricity needs today.
DuPont’s unique science and proven technologies create innovative materials and sustainable solutions for some of the world’s most pressing challenges. By partnering together with its customers, these solutions serve next-generation industries such as 5G connectivity and autonomous and electric vehicles while fundamentally reducing carbon footprint and addressing sustainability challenges.
Learn more about DuPont’s 2030 Sustainability Goals.
About DuPont Electronics & Industrial
DuPont Electronics & Industrial is a global supplier of new technologies and performance materials serving the semiconductor, circuit board, display, digital and flexographic printing, healthcare, aerospace, industrial and transportation industries. From advanced technology centers worldwide, teams of talented research scientists and application experts work closely with customers, providing solutions, products and technical service to enable next-generation technologies.
About DuPont
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
Cautionary Statement Regarding Forward Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target," and similar expressions and variations or negatives of these words.
Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements. Forward-looking statements are not representations or warranties or guarantees of future results.
Forward-looking statements include statements which relate to the purpose, ambitions, commitments, targets, plans, objectives, and results of DuPont’s sustainability strategy. Forward-looking statements include statements related to the standards and measurement of progress against the company’s sustainability goals, including metrics, data and other information, which are based on estimates and assumptions believed to be reasonable at the time. The actual conduct of the company’s activities and results thereof, including the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected in connection with DuPont’s sustainability strategy may differ materially from the statements made herein. The use of the word “material” for the purposes of statements regarding our sustainability strategy and goals should not be read as equating to any use of the word in the company’s other disclosures or filings with the U.S. Securities and Exchange Commission.
See DuPont’s most recent annual report and subsequent current and periodic reports filed with the U.S. Securities and Exchange Commission for further description of risks factors that could impact the expectations or estimates implied by the Company’s forward-looking statements, including (i) the ability to meet expectations regarding the timing, completion, accounting and tax treatments, and benefits, including integration, related to portfolio changes; (ii) risks and costs related to indemnification of legacy liabilities; (iii) risks and uncertainties related to operational and supply chain impacts or disruptions, including ability to offset increased costs, obtain raw materials, and meet customer needs, and (iv) other risks to DuPont's business and operations. Unlisted factors may also present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties, loss of key customers, reputational harm and similar risks, any of which could have a material adverse effect on DuPont’s consolidated financial condition, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
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4/22/22
For further information contact:
Dan Turner
302-996-8372
KEYWORDS: NYSE:DD, DuPont, Apple, Supplier Clean Energy Program
