DuPont Greater China President Doug Muzyka told participants at the Bali Global Business Day at the United Nations Framework Convention on Climate Change that innovations will be essential to increasing the energy efficiency of buildings and transportation to reduce global greenhouse gas emissions.
"In the growing world economy, energy demand remains high and will continue to increase, particularly in countries with rapidly developing economies. At the same time, as a global community, we know that critical environmental challenges such as climate change must be addressed," Muzyka said. "DuPont is focused on delivering low-carbon solutions to the marketplace in order to help our value chains improve their energy efficiency and reduce greenhouse gas emissions."
Jointly organized by World Business Council for Sustainable Development and the International Chamber of Commerce, the Bali Global Business Day brought together nearly 300 decision makers from companies, governments, inter-governmental and non-governmental organizations.
"From 1990 to 2003, DuPont reduced the greenhouse gas emissions from our operations by 72 percent. During the same period, our global energy use actually declined 6 percent while our business grew by 40 percent — translating to over $3 billion in avoided energy costs," Muzyka said.
DuPont says it was one of the first companies to publicly establish environmental goals 18 years ago and has broadened its sustainability commitments beyond internal footprint reduction to include market-driven targets for both 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 key global markets.
