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DP World sourced 65% of its electricity from renewable sources in 2024, reflecting a major step in its decarbonisation strategy.
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The company invested $1.17 billion in green infrastructure and issued a $100 million Blue Bond, pioneering sustainable finance in emerging markets.
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Its efforts have earned global recognition, including top ESG ratings, and positively impacted over 255,000 women and girls through community development initiatives.
In 2024, DP World achieved a significant sustainability milestone by sourcing 65% of its electricity needs from renewable energy. This progress is part of the company’s long-term strategy to power global trade through clean energy and reduce dependence on fossil fuels, according to Gulf Today.
Investing in Green and Blue Finance
Demonstrating leadership in sustainable finance, DP World allocated $1.17 billion from its Green Sukuk, raised in 2023, to projects such as low-carbon infrastructure, electrification of its fleet, and renewable energy systems. The company also broke new ground by issuing a $100 million Blue Bond, the first of its kind from the CEE, Middle East, and Africa regions, funding marine conservation and water-positive initiatives.
Commitment to Inclusive Growth and Community Development
DP World invested $15.1 million in global initiatives that focus on education, essential infrastructure, and skill-building in communities it serves. Programs such as the solar engineer training in rural Senegal with Barefoot College International helped uplift over 255,000 women and girls. An additional $8.7 million was invested in educational projects worldwide.
Validated Climate Targets and Decarbonisation Strategy
The company’s climate commitments were validated by the Science Based Targets initiative (SBTi), confirming its targets to cut Scope 1 emissions by 42%, Scope 2 by 62.2%, and Scope 3 by 28% by 2030 from a 2022 baseline. A 13% reduction in emissions has already been achieved through terminal electrification, energy efficiency, and low-carbon fuels.
Leadership in ESG Governance and Reporting
DP World strengthened its ESG governance by becoming the first corporation to publish a Sustainable Development Impact Disclosure Report across five countries. Its latest Sustainability Report aligns with GRI and IFRS S2 Climate standards and emphasizes transparency and accountability in ESG reporting.
Global Recognition and Strategic Alliances
The company’s impactful efforts in sustainability have been acknowledged globally. It received top ESG risk performer status from Sustainalytics and earned an A-rating in the CDP Climate Change assessment. Strategic collaborations, including with the Maersk McKinney Moller Center for Zero Carbon Shipping and participation in the UN Global Compact’s Just Transition Think Lab, further solidify DP World’s role as a sustainability leader in the maritime and logistics sectors.
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Source: Gulf Today
