Dubai, UAE – DP World cut direct carbon emissions from its global operations by 5 percent last year, according to its latest Environmental Social and Governance (ESG) report, reflecting progress towards its 2040 carbon-neutral target.
The ESG report, published Thursday, has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards.
In 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 c 2021 – a significant milestone for the business.
“At DP World, we believe in enabling resilience, and building a smart and sustainable future that generates long-term societal impact,” Maha Al Qattan, Group Chief People and Sustainability Officer, DP World, said. “In 2022 we saw continued global headwinds but that challenged us to push new frontiers of collaboration.”
DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero.
Last year at COP 27, the DP World said it had joined the Green Shipping Challenge and committed to investing up to US$500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. The company 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.