Global Sustainable Market Opportunities Growing at Rapid Pace, DuPont Chief Sustainability Officer Tells the Society of Environmental Journalists
DuPont to Double R&D Investment in Environmentally Smart Market Opportunities by 2015
BURLINGTON, VT, October 27, 2006 - DuPont Chief Sustainability Officer Linda J. Fisher told the 16th annual Society of Environmental Journalists conference here today that global sustainable market opportunities are growing at a rapid pace.
“Sustainability is increasingly becoming central to how we look at opportunities in the marketplace,” Fisher said. “DuPont is committed to delivering value for our shareholders while developing products and services that enhance the world we live in. Sustainable solutions largely will come from scientific innovation in the private sector, and DuPont is committed to seize this opportunity. Some companies say that what’s good for the environment can also be good for business. We believe that what’s good for business must also be good for the environment and for people everywhere around the world. ”
Fisher spoke as part of the “Corporate Green” panel during the conference. She joined representatives from Wal-Mart, Coca-Cola and other companies in discussing the ways businesses have been embracing sustainability to make a difference for both shareholders and society in general.
DuPont recently announced renewed sustainability commitments that are expected to generate $6 billion in additional revenues by 2015. Expanded business offerings include market-based solutions that address safety, environmental, energy and climate challenges facing global markets. Fisher pointed out that revenues from the company’s current safety and environmental offerings are increasing at double the company’s average annual growth rate.
DuPont’s sustainability commitments take a holistic approach that is integrated into its business models and span all of its operations – from research and development to manufacturing and marketing, she said.
DuPont – one of the first companies to publicly establish environmental goals nearly 20 years ago – has broadened its sustainability commitments beyond internal footprint reduction to include market-driven targets for revenue and research and development investment. The goals are tied directly to business growth, specifically to the development of safer and environmentally improved new products for DuPont’s key global markets, including transportation, building and construction, agriculture and food, and communications.
By 2015, DuPont has committed to:
* Double its research and development investment in environmentally smart market opportunities;
* Double revenues to $8 billion from non-depletable resources;
* Grow annual revenues $2 billion or more from products that create energy-efficiency and/or reduce greenhouse gas emissions for its customers, and;
* Introduce at least 1,000 new safety products or services.
DuPont is among the world’s leaders in developing and commercializing renewable, bio-based materials; advanced biofuels; energy-efficient technologies; safety and protection products and services; and alternative energy sources. These include high-performance products such as: Bio-PDO™, which is made using corn as the raw material, as the key ingredient for Sorona® polymer used in carpeting, apparel, and other applications; Pioneer® seeds, which use advanced plant genetics to develop higher yield, higher quality crops; and personal protective apparel with DuPont™ Kevlar®, Nomex® and Tyvek® for law enforcement personnel, firefighters and emergency responders.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Editors’ Note: For the DuPont 2015 Sustainability Goals and other key background information and visuals, visit www.sustainability.dupont.com
The DuPont Oval, DuPont™, The miracles of science™, Bio-PDO™, Sorona®, Pioneer®, Kevlar®, Nomex® and Tyvek® are registered trademarks or trademarks of DuPont or its affiliates.
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