DP World reduced direct carbon emissions from its global operations by 5% last year, reflecting progress towards its 2040 carbon neutrality target, according to the latest Environmental, Social and Governance (ESG) report.
The ESG report demonstrates the company’s commitment to sustainable business practices and is developed according to the latest Global Reporting Initiative (GRI) standards.
During 2022, DP World has strengthened its ESG governance and risk management framework, established an Executive Sustainability Committee to provide strategic guidance for the Group’s sustainability strategy and ESG metrics, and integrated ESG as a risk into our corporate risk register , and published its first standalone ESG report c 2021 – a major milestone for the business.
Maha AlQattan, Group Chief Human Resources and Sustainability Officer, DP World, said: “We believe in enabling resilience and building a smart and sustainable future that creates long-term societal impact. In 2022, we see continued global headwinds, But this presents a challenge for us to drive new areas of collaboration. I am proud that we have reduced our direct carbon emissions by 5% and significantly increased our contribution to the community. We recognize our A roadmap for the future, continuing to look at how we use our resources responsibly, from education to WASH infrastructure.”
DP World deepens ties with partners to advance two important heritage pillars, women and water. On International Women’s Day last year, Group Chairman and CEO Sultan Ahmed Bin Sulayem was declared the Middle East’s first HeForShe Champion by UN Women, the company’s 3-year global partnership with WaterAid to provide water, sanitation and personal Sanitation (WASH) infrastructure, starting with Mozambique.
DP World also participated in the World Economic Forum (WEF) Annual Meeting and the United Nations General Assembly (UNGA) in Davos, demonstrating its commitment to ESG progress and expanding its network of partners and advocates.
Decarbonisation is a core focus for DP World, which has committed to becoming carbon neutral by 2040 and net zero by 2050, in line with the UAE’s 2050 net zero target.
At COP 27 in November, the chairman announced that DP World had joined the Green Shipping Challenge, committing to invest up to US$500 million over the next five years to reduce CO2 emissions by nearly 700,000 tonnes. DP World has also entered into a strategic partnership with the Maersk McKinney Mill Zero Carbon Shipping Center and joined the United Nations Global Compact’s Just Transformation Thinking Lab.
The report also highlights a 34% increase in DP World’s total community contributions over 2021, which includes several new strategic projects, including UN Women, Earth Shot Awards and Emergency Response in 2022.
These projects have helped support more than 255,000 women and girls through community projects, such as partnering with Barefoot College International (BCI) to train solar engineers from rural Senegal. We’ve also invested $8.7 million in global education programs.
These efforts have not gone unnoticed in the supply chain industry. DP World named Top ESG Risk Performer by Sustainalytics – a global leader in ESG and corporate governance research and ratings – earning Sustainalytics 2022 industry and regional top rating badges and an A – (Leadership) rating in CDP Climate Change submit.– trade arab news agency