Dover Corp

Industrial Machinery

DOV

$ 123 (0.12)%

Share price

$ 18 bn

Market Cap

$ 20 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.15x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

Dover Corp aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2019

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2020

Dover Corp aims to reduce Scope 3 by 15% by 2030 from a base year 2019

<2°C

GHG emissions and Carbon intensity

Dover Corp reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 88 Kt (-16 /-15.7% y-o-y). Also positively, carbon intensity was down at 13 t (-1.5 /-10.3% y-o-y).

Dover Corp's Scope 3 emissions plunged to 50 Kt (-4.7 /-8.6% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-6% CAGR).

The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -1.5 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 15% by 2030 from a base year 2019, which translates into the estimated reduction of -0.68 Kt per annum over the period of FY2020 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	88	21	67		6,684	13
2019Q4	104	25	79	50	7,136	15
2018Q4	168	30	138	54	6,992	24
2017Q4	198	45	153	60	6,821	29