CSR management

DuPont looks to the long term

December 04 2006

by Briefing staff

The US chemicals manufacturer is broadening its commitment to sustainability by expanding business offerings addressing safety, environment, energy and climate challenges.

 

DuPont, the US chemicals manufacturer, is broadening its commitment to sustainability by expanding its business offerings addressing safety, environment, energy and climate challenges, chairman and chief executive Charles Holliday announced on October 10. The company expects to derive additional revenues of $6bn or more by 2015 from the initiative.

Holliday announced the sustainability goals at a town hall meeting and global webcast. "Our top priority is to create value for our shareholders. We will do that by delivering sustainable solutions through science and innovation," Holliday said.

DuPont committed to:

  • double research and development investment in environmentally smart market opportunities
  • grow annual revenue $2bn or more from products that create energy efficiency and/or reduce greenhouse gas emissions
  • double annual revenue to $8bn from non-depletable resources
  • introduce at least 1,000 new safety products or services.

In addition, DuPont updated its environmental footprint, committing to reducing greenhouse gas emissions by a further 15% by 2015 compared to 2015, on top of the 72% cut it has achieved since 2004. DuPont laid out new targets on fleet fuel efficiency, air carcinogens and said it would ensure that all of its global manufacturing operations have completed independent third-party verification by 2015.

Contact; DuPont www.sustainability.dupont.com

Copyright 2006 Corporate Citizenship Briefing