MASHINIi

Dover Corporation.

DOV.US | Manufacture of other general-purpose machinery

Dover Corporation is a diversified global manufacturer delivering innovative equipment and components, specialty systems, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainabil...Show More

Ethical Profile

Mixed.

Dover Corporation presents a mixed ethical record. The company has faced over $2.3 million in penalties since 2000 for employment and safety offenses. Reports suggest a 2012 EPA settlement for violating the Toxic Substances Control Act, linked to health risks. A subsidiary, Dover Motion, experienced a 2023 data breach exposing sensitive personal data. Additionally, Dover holds defense contracts, including a $53.5 million agreement. Conversely, Dover reduced its Total Recordable Incident Rate by 40% since 2019, achieving 0.76 with zero fatalities by 2023. The company also has SBTi-approved goals to cut Scope 1 and 2 GHG emissions by 30% by 2030, with a 25% reduction in Scope 2 emissions already achieved.

Value Scores

Better Health for All10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing30
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

10

Dover Chemical Corporation, a subsidiary, ceased production of chlorinated paraffins in 2012 after violating the Toxic Substances Control Act

1
and paying $1.4 million in penalties,
2
mitigating associated health risks.
3
Dover Corporation prioritizes data security and privacy, implementing technical and organizational security measures, access controls, and limitations on personal data use.
4
The company adheres to global privacy laws like GDPR and CCPA,
5
monitors regulatory developments,
6
and maintains a Global Data Privacy Policy.
7
A cross-functional Data Privacy Council discusses legal developments and implements changes,
8
while a "privacy by design" approach integrates privacy considerations into product development.
9
Dover also requires its suppliers and business partners to comply with applicable data regulations
10
and has received System and Organization Controls 2 (SOC 2) certifications for some digital service offerings.
11
Online employees participate in cyber, information security, and privacy training at least annually,
12
and the Board reviews cybersecurity posture annually.
13

Fair Money & Economic Opportunity

0

Dover Corporation is a diversified global manufacturer, not a financial services provider. Consequently, most KPIs related to 'Fair Money & Economic Opportunity,' which are designed for financial institutions offering lending or deposit services to consumers, are not applicable to its core business. The company does not offer consumer credit products, manage customer finance data for open banking, or operate financial service access points. While Dover engages in philanthropic activities through the Dover Foundation, including awarding nearly $3.5 million in scholarships over 15 years

1
and providing nearly $1 million in community grants in 2024,
2
these are not classified as 'community finance reinvestment' or 'financial literacy initiatives' as defined by the rubric for financial services. The company faced an ERISA lawsuit alleging excessive recordkeeping fees in its $1.5 billion 401(k) plan,
3
with fees averaging $86 per person annually compared to a claimed reasonable fee of $32.
4
This pertains to employee retirement benefits, not consumer lending or fair lending compliance.

Fair Pay & Worker Respect

0

Dover Corporation reported a Total Recordable Incident Rate (TRIR) of 0.96 in 2022, a 24% reduction from its 2019 baseline, with no fatalities.

1
The CEO-to-median employee pay ratio was 351:1 for the fiscal year ending in 2024.
2
A global employee engagement survey in 2024 showed an engagement score of 74% with an 84% participation rate.
3
In the past three years (2022-2024), there were two substantiated workplace safety and health violations recorded by OSHA.
4

Fair Trade & Ethical Sourcing

30

Dover requires all suppliers to agree to comply with its Supplier Code of Conduct prior to onboarding, with this requirement included in the terms and conditions of supplier contracts.

1
This Code addresses human rights topics such as child and forced labor, slavery, human trafficking, and sets a minimum employment age of 15 years.
2
In 2024, 99.8% of supply chain employees completed the Supply Chain Due Diligence Act online training course.
3
The company also has a Conflict Minerals Policy reflecting the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act, aiming to prevent the use of conflict minerals that finance armed groups.
4

Honest & Fair Business

-10

Dover maintains a Global Hotline available 24/7 in 17 languages for reporting concerns, allowing anonymous reporting where permitted by local law, and has a strict non-retaliation policy.

1
The company reported no financial restatements for the calendar year 2024.
2
Dover's Board of Directors has a majority of independent directors.
3
The company has a Global Anti-Corruption Policy, which was communicated to 100% of governance body members, and substantially all online employees completed 2024 anti-corruption e-training.
4
Furthermore, 100% of operations are assessed for risk, including corruption, and a comprehensive compliance vetting program screens and regularly rescreens third parties.
5

Kind to Animals

0

Dover Corporation's core business in industrial machinery means it has minimal direct animal welfare activities and operational neutrality towards animal welfare. The company has no in-house or contracted animal testing operations, no animal husbandry or captive operations, no animal agriculture operations, and no R&D relevant to animal-free substitution. Its operations do not intersect with animal welfare policies, and it operates in a sector without animal testing or product issues. However, the company has faced environmental compliance issues, including a chemical release in 2025 that caused a fish kill

1
and a $1.4 million penalty in 2012 for unauthorized chemical production
2
, which have indirectly impacted wildlife. The company also has sustainability initiatives, such as greenhouse gas reduction goals by 2030
3
and a responsible sourcing code
4
, which indirectly benefit wildlife habitats.

No War, No Weapons

0

Dover Corporation's subsidiary Pole/Zero secured a $53.5 million contract with the U.S. Department of Defense in 2022

1
, expected to be completed by 2028
2
. With Dover's annual revenue exceeding $8 billion
3
, this contract represents approximately 0.67% of the company's revenue. This follows previous defense contracts, including a $66.7 million contract in 2018
4
and a $24.2 million delivery order in 2020
5
. In 2015, Dover divested its Sargent Aerospace & Defense unit for $500 million
6
as part of a strategy to focus its business mix
7
.

Planet-Friendly Business

-40

Dover Corporation has established Science Based Targets initiative (SBTi) approved goals to reduce absolute Scope 1 and Scope 2 market-based greenhouse gas emissions by 30% by 2030, using a 2019 baseline.

1
The company also aims for a 15% reduction in absolute Scope 3 GHG emissions by 2030.
2
By the end of 2023, Dover achieved a 5% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions from the 2019 baseline.
3
Over 10% of the company’s electricity use was sourced from renewables in 2023.
4
Additionally, a subsidiary launched three new CO₂ climate solutions in January 2025 to enhance energy efficiency and reduce carbon footprints.
5
Another part of the company received the EPA's GreenChill Store Certification Excellence Award for 13 consecutive years for sustainable refrigeration.
6

Respect for Cultures & Communities

50

Dover Corporation trained over 90% of its leaders globally in 2024 on skills to support a professional and inclusive culture.

1

Safe & Smart Tech

10

Dover Corporation has achieved SOC 2 Type II certifications for many of its software solutions, including its subsidiaries CDS Visual

1
and Systech, and seeks PCI-DSS certifications where relevant
2
. The company maintains appropriate access controls and uses limitations throughout its systems and products
3
, with no documented incidents of unauthorized data use by the company
4
. Dover acknowledges and supports user data rights for residents in California, the EEA/UK, and numerous other US states
5
, honoring Global Privacy Control (GPC) signals
6
and requiring prior consent for marketing where legally mandated
7
. The company also maintains a compliance program that requires online employees to follow applicable privacy laws, including GDPR and CCPA
8
, monitors global regulatory developments
9
, and has a Data Privacy Council to implement changes for compliance
10
. Substantially all online employees completed cyber, information security, and privacy training in 2024
11
, which is required annually
12
and matrixed by geography and job function
13
.

Zero Waste & Sustainable Products

-20

Dover Corporation implements numerous waste reduction initiatives across its operating companies.

1
These include recycling programs for production materials
2
, investment in trash compactors
3
, and process improvements for scrap metals
4
. Specific subsidiaries have achieved measurable results, such as SWEP's 100% recycling of production scrap
5
and an 11% improvement in first pass yield in 2022
6
, and Markem-Imaje's 10% reduction in waste based on production activity from 2019
7
. Additionally, JK Group extended the shelf life of all its ink series.
8
Markem-Imaje has also set a target to reduce its global waste by 5% by 2030 from a 2019 baseline.
9

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.