DP World carbon emissions drop 5 per cent in 2022

DP World has cut direct carbon emissions from its global operations

target.

The ESG report, published on 26 May, has been developed in accordance with

the latest Global Reporting Initiative (GRI) Standards.

Over the course of 2022, DP World said it has tightened its ESG Governance

and Risk Management framework, and it has launched an Executive Sustainability

Council to provide strategic guidance on the Group’s sustainability strategy and

ESG metrics.

The company has also integrated ESG as a risk into its corporate enterprise

risk register in 2022, and it has published its first stand-alone ESG Report c

2021.

Maha AlQattan, Group Chief People and Sustainability Officer, DP

World, said: “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 per cent, 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 infrastructure, in line

with our clear roadmap for the future,” AlQattan added.

DP World stated that decarbonisation is a core focus for the company and

the business has continued to work towards its targets of becoming carbon

neutral by 2040 and net zero carbon by 2050.

In November at COP 27, Group Chairman and CEO, Sultan Ahmed Bin Sulayem,

announced that DP World had joined the Green Shipping Challenge and committed to

investing up to $500 million to cut carbon dioxide emissions by nearly

700,000 tonnes over the next five years.

The Group 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.

This report comes less than three weeks after DP World announced the

installation of sunlight-converting photovoltaic panels at its UK London Gateway

hub.

More recently, the company announced it will distribute up to £15 million

($18.6 million) to community projects in the Thames Estuary region.