The ESG report demonstrates the DP World’s commitment to sustainable business practices, and has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards
While increasing its global footprint, DP World, the Dubai-based logistics company, is also decreasing its direct carbon emissions. And as per its latest Environmental Social and Governance (ESG) report, the company made a significant 5 percent reduction in its emissions last year and is firmly on the path towards becoming carbon neutral by 2040.
Over the course of 2022, DP World tightened its ESG governance and risk management framework, launched an Executive Sustainability Council to provide strategic guidance on the group’s sustainability strategy and ESG metrics, integrated ESG as a risk into our corporate enterprise risk register, and published its first stand-alone ESG Report 2021.
The ESG report demonstrates the company’s commitment to sustainable business practices, and has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards.
Maha Al Qattan, Group Chief People and Sustainability Officer, commented: “At DP World, we believe in enabling resilience, and building a smart and sustainable future that generates long-term societal impact. In 2022, we saw continued global headwinds but that challenged us to push new frontiers of collaboration.
“I’m proud that we have cut our direct carbon emissions by 5 percent, and significantly increased our community contributions. We recognise our impact and are continuing to look at how we use our resources responsibly, on issues from education to WASH (water, sanitation and hygiene) infrastructure, in line with our clear roadmap for the future.”
DP World’s commitment to decarbonisation
Decarbonisation is a key focus for DP World and it has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero.
During COP27 in November, DP World chairman and CEO Sultan Ahmed Bin Sulayem announced that the company had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. DP World has also entered a strategic partnership with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.
Our UAE business has reduced its energy consumption by 32% in just a single year, saving a huge 17,000 tonnes in annual CO2 emissions. Thanks to our UAE team for their dedication, as we continue to chart our path towards net zero. pic.twitter.com/Z133mdVQ9A
— DP World (@DP_World) November 2, 2022
The report also highlighted DP World’s total community contributions with a 34 percent increase from 2021, including several new strategic projects including UN Women, the Earth Shot Prize and in response to emergencies in 2022.
DP World also supported more than 255,000 women and girls through community projects, including one in rural Senegal to graduate solar engineers in partnership with Barefoot College International (BCI). The company invested $8.7 million in global education projects.
DP World’s sustainability efforts have led to Sustainalytics, a global leader in ESG and Corporate Governance research and ratings, recognising it with its Industry and Regional Top-Rated Badge. The company also achieved an A – (Leadership) rating in the CDP Climate Change submission.
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