Dover Corporation
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Dover Corporation is a diversified global manufacturer that provides innovative equipment and components, specialty systems, and support services to various industries. The company operates in four segments: Engineered Products, Fueling Solutions, Imaging & Identification, and Pumps & Process Solutions. With a history that spans over 65 years, Dover Corporation has established itself as a leader in the manufacturing industry, with a focus on innovation, customer satisfaction, and sustainability.
Decarbonisation is a key focus for Dover Corporation, as the company recognizes the importance of reducing carbon emissions and transitioning to a more sustainable future. Dover Corporation has set ambitious sustainability goals, including reducing its greenhouse gas emissions by 25% by 2025 and achieving carbon neutrality by 2050. The company is committed to achieving these goals through a combination of energy efficiency measures, renewable energy, and other decarbonisation initiatives.
One of the ways Dover Corporation is working towards decarbonisation is through its corporate energy program. The program aims to reduce the company's energy consumption and carbon footprint by implementing energy efficiency measures, such as upgrading lighting and HVAC systems, optimizing production processes, and reducing waste. Dover Corporation has also implemented a corporate power purchase agreement (PPA) to source renewable energy for its operations. The PPA enables the company to purchase renewable energy at a fixed price, which helps to reduce its exposure to volatile energy prices and supports the growth of renewable energy.
Renewable energy is a key component of Dover Corporation's sustainability strategy. The company has committed to sourcing 25% of its energy from renewable sources by 2025, and has already made significant progress towards this goal. In addition to its corporate PPA, Dover Corporation has installed solar panels at several of its facilities, which generate renewable energy on-site. The company is also exploring other renewable energy options, such as wind and geothermal, to further reduce its carbon footprint.
Dover Corporation's commitment to sustainability extends beyond its own operations. The company is also working with its suppliers to promote sustainability throughout its supply chain. Dover Corporation has implemented a supplier sustainability program, which requires suppliers to adhere to certain environmental and social standards. The program helps to ensure that Dover Corporation's products are produced in a sustainable and responsible manner, and that the company's supply chain is aligned with its sustainability goals.
In addition to its sustainability initiatives, Dover Corporation is also focused on innovation and customer satisfaction. The company invests heavily in research and development, and has a strong track record of developing innovative products and solutions. Dover Corporation's products are used in a wide range of industries, including aerospace, automotive, healthcare, and food and beverage, among others. The company's focus on customer satisfaction has helped it to establish long-term relationships with its customers, who value the reliability, quality, and performance of Dover Corporation's products.
Overall, Dover Corporation is a leading manufacturer that is committed to sustainability, innovation, and customer satisfaction. The company's focus on decarbonisation, corporate energy, corporate PPA, and renewable energy is helping to reduce its carbon footprint and transition to a more sustainable future. With a strong track record of innovation and a commitment to customer satisfaction, Dover Corporation is well-positioned to continue to grow and succeed in the years ahead.