DuPont de Nemours DD

NYS: DD | ISIN: US26614N1028   13/11/2024
83,40 USD (+1,35%)
(+1,35%)   13/11/2024

DuPont™ Tyvek® Richmond Facility Achieves ISCC PLUS Certification

RICHMOND, Va., July 9, 2024 /PRNewswire/ -- DuPont today announced that its Tyvek® production facility at the Spruance manufacturing plant in Richmond received certification from the International Sustainability and Carbon Certification (ISCC PLUS). The Spruance facility is the second DuPont site to achieve ISCC certification, following the Luxembourg manufacturing plant in November 2023. This achievement demonstrates DuPont's commitment to advance its sustainability goals and build capabilities to offer Tyvek® products made with sustainable raw materials globally.

Completing the ISCC PLUS certification of global Tyvek® product capabilities marks a key milestone in advancing the company's acting on climate and enabling a circular economy sustainability goals. ISCC PLUS certification enables the verification of a product's sustainability based on the entire supply chain, from sourcing raw materials to production and distribution, using the mass balance approach, in a manner that is robust, transparent and reliable.

One of the key aspects of ISCC PLUS certification is that it helps enable the reduction of carbon footprint of products and the gradual replacement of fossil fuel based raw materials with more sustainable alternatives while promoting the transition to a more circular economy.

"Tyvek® products help protect and improve the lives of millions in the end markets we serve – including healthcare packaging, personal protection, construction, and many other consumer and industrial applications. Our global integration of ISCC PLUS certification in the production of Tyvek® aligns with our dedication to empower our customers on their journey towards net zero emissions. We continue to increase our innovation handprint while minimizing our environmental footprint for generations to come – this is what we strive for every day," said David Domnisch, Vice President and General Manager, DuPont Tyvek® and Typar®.

Achieving ISCC certification builds on DuPont's progress reported in the company's 2024 Sustainability Report, including a 58 percent reduction of Scope 1 and 2 emissions from the 2019 baseline, surpassing DuPont's 2030 goal and outperforming the expectations of the Paris Accord 1.5°C ambition. Since 2022, Tyvek® has been produced with renewable electricity, through the purchase of renewable energy credits (RECs) and Guarantees of Origin (GOs) to match the energy consumed in DuPont's operations annually. Additionally, DuPont achieved a 39 percent reduction of Scope 3 emissions from purchased goods and services and end of life of sold products from the 2020 baseline, surpassing our goal of a 25 percent reduction. ISCC PLUS certification in the production of Tyvek® at the Spruance manufacturing facility advances DuPont's strategy of further reducing Scope 3 emissions and working with global supply chains on a more circular economy.

Learn more about our sustainability strategy and related accomplishments at www.dupont.com/sustainability.

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.

DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, SM or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.

Cautionary Statement about 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," "stabilization," "confident," "preliminary," "initial," "drive," "innovate" 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, including its activities related to substances of concern. 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.

On May 22, 2024, DuPont announced a plan to separate the company into three distinct, publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders leaving DuPont to continue as a diversified industrial company following completion of the separations. DuPont expects to complete the separations within 18 to 24 months of the announcement date. The separation transactions will not require a shareholder vote and are subject to satisfaction of customary conditions, including final approval by DuPont's Board of Directors, receipt of tax opinion from counsel, the filing and effectiveness of Form 10 registration statements with the U.S. Securities and Exchange Commission, applicable regulatory approvals and satisfactory completion of financing.

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 risk factors that could impact the expectations or estimates implied by the Company's forward-looking statements, including (i) the ability to effect the separation transactions described above, and meet expectations regarding the timing, completion, accounting and tax treatments, and benefits related to the separation transactions and other 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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