DuPont has committed to setting science-based targets to reduce greenhouse gas (GHG) emissions in line with the Science Based Targets initiative (SBTi), a partnership between CDP, the UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
As part of its commitment, DuPont plans to work closely with SBTi to determine GHG emissions reduction targets for Scope 1 and 2 emissions aligned with the Paris agreement which sets the goal of limiting global warming to 1.5°C. In addition, DuPont will also work with SBTi to develop its Scope 3 GHG emissions target.
SBTi defines and promotes best practice in setting science-based emission reductions targets and brings together a team of experts to provide independent assessment and validation of targets.
In 2019, DuPont announced its Acting on Climate goal as part of its sustainability strategy. The company has been making progress against its goal to reduce Scope 1 and 2 GHG emissions by 30 percent compared to the 2019 baseline and source 60 percent of its electricity from renewable energy sources and credits by 2030, and to deliver carbon neutral operations by 2050. As reported in DuPont’s 2022 Sustainability Report, the company has reduced Scope 1 and 2 emissions by 16 percent since 2019.
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 source of electricity used globally in their operations to renewable energy.
In 2021, the company also signed a virtual power purchase agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC. The VPPA 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.