By Staff Reporter
DP World sourced 65% of its electricity from renewable energy in 2024, underscoring a year of bold environmental strides and sustainable investments by the global logistics giant.
The milestone was announced in DP World’s newly released Sustainability Report, which details $1.17 billion in green and low-carbon infrastructure projects across its operations. The company also highlighted initiatives in sustainable finance, environmental management, and inclusive growth as key areas of progress.
In a landmark move, DP World became the first corporate in Central and Eastern Europe, the Middle East, and Africa to issue a Blue Bond, raising $100 million to fund marine and water-focused sustainability projects. This followed the allocation of $1.17 billion from a $1.5 billion Green Sukuk toward projects including fleet electrification and renewable energy systems.
Sultan Ahmed bin Sulayem, Group Chairman and CEO, said the achievements reflect the company’s commitment to embedding sustainability into its core operations.
“From electrifying our terminals to pioneering innovative finance tools, we are transforming how global trade is powered,”
he stated.
The report also revealed a $15.1 million investment in global community initiatives focused on education, skills development, and infrastructure.
DP World strengthened its ESG governance by becoming the first company globally to publish a Sustainable Development Impact Disclosure Report across five countries. It also reported improved ESG ratings from agencies such as MSCI and EcoVadis.
Developed in line with Global Reporting Initiative (GRI) Standards, the report includes SBTi-validated decarbonisation targets and aligns disclosures with IFRS S2 Climate standards, reinforcing the company’s focus on accountability and transparency.
News Source: Emirates News Agency
