DP World Limited
Climate Impact & Sustainability Data (2021, 2022, October 2024)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Human Rights
- Labor
- Environmental Stewardship
- Anti-corruption
- UN Sustainable Development Goals
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Women Empowerment
- Water
- Education
- Safety
- Security
- Wellbeing
- Ethics
- Community Engagement
- People Development
Environmental Achievements
- Reduced greenhouse gas emissions (Scope 1 and 2) to 3,091 kilo-tonnes of CO2 equivalent
- Achieved 19% renewable electricity share of total electricity
- Reduced greenhouse gas emissions intensity in ports and terminals division to 13.3 kgCO2e/modTEU
- Zero serious environmental incidents
- 59% reclaimed waste from total generated waste
- DP World Chile became the first port operator in South America to secure renewable electricity certification (100% renewable electricity)
Social Achievements
- Supported 255,828 women and girls through community projects
- Spent USD 11.8m on people training and development
- Delivered 219,028 learning hours to 55,215 employees
- Mentored 257 women as part of DP World’s MentorHer programme
- Reached 2.5 million beneficiaries through community engagement
Governance Achievements
- Established an Executive Sustainability Council
- Integrated ESG as a risk into the corporate enterprise risk register
- Published the first stand-alone ESG Report
- Achieved an A– (Leadership) rating in the CDP Climate Change submission
Climate Goals & Targets
- Net zero carbon emissions by 2050
- Carbon neutrality by 2040
- 28% reduction of carbon footprint by 2030
- 30% women in middle and senior management roles by 2025
- Reduce water consumption by 10% by 2025 (implied)
- Eliminate single-use plastic bottles by 2023
Environmental Challenges
- Global headwinds
- Climate change impacts on assets
- Supply chain disruptions
- ESG risks
Mitigation Strategies
- Tightened ESG Governance and Risk Management framework
- Launched Climate Change Asset Resiliency project
- Developed alternative sourcing strategies
- ESG Risk Assessment across different BUs
- Crisis management protocols
Supply Chain Management
Responsible Procurement
- Vendor Code of Conduct
- HSE requirements in procurement processes
- Sustainable procurement policies
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Sea level rise
- Temperature fluctuations
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Investments in low-carbon fuels, innovation and technology
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards, UN Sustainable Development Goals (SDGs), UN Women Empowerment Principles (WEPs), UN Global Compact (UNGC), UNGC Sustainable Ocean Principles (SOPs), World Economic Forum (WEF) Stakeholder Capitalism Metrics, DP World’s ESG scorecard
Certifications: ISO 28000 (multiple ports), ISO 27001 (nine BUs), ISO 9001, ISO 14001, ISO 45001 (LRQA certified)
Third-party Assurance: Lloyds Register (GHG emissions), B4SI (Community Investment)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
- Goal 5 (Gender Equality)
- Goal 4 (Quality Education)
- Goal 6 (Clean Water and Sanitation)
- Goal 8 (Decent Work and Economic Growth)
- Goal 17 (Partnerships for the Goals)
The 'Our World, Our Future' strategy aligns with the UN SDGs
Sustainable Products & Innovation
- BoxBay high-bay storage system
- Electric terminal tractors
Awards & Recognition
- Sustainalytics 2022 Industry and Regional Top-Rated Badge
- Two awards at the 2022 Dubai Award for Sustainable Transport (DAST)
Reporting Period: October 2024
Environmental Metrics
ESG Focus Areas
- Decarbonization
- Clean Transportation
- Green Buildings
- Renewable Energy
- Energy Efficiency
- Women
- Education
- Water
Environmental Achievements
- 177,338,983 kg CO2e emissions avoided annually
- 6,379,978,196 MJ of energy avoided annually
- 18 Green certified buildings
- Received validation from the Science Based Targets initiative (SBTi) for ambitious carbon reduction targets (42% Scope 1, 62.2% Scope 2, 28% Scope 3 reduction by 2030 from a 2022 base year)
Social Achievements
- Investment in eight fully electric straddle carriers (first all-electric fleet at any port globally)
- Implementation of Boxbay, improving efficiency and safety
Governance Achievements
- Established a Senior Decarbonisation Management Council in 2023
- Governance committees with sustainability roles at board and management levels
- First ever Green issuance under a dual ESG (Use of Proceeds and KPI linked) Framework from the Shipping and Port sector
Climate Goals & Targets
- Achieve net zero carbon emissions by 2050
- 5% of marine power coming from zero-emission fuels by 2030
- Reduce Scope 1 GHG emissions by 42% by 2030
- Reduce Scope 2 GHG emissions by 62.2% by 2030
- Reduce absolute scope 3 GHG emissions by 28% by 2030
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: ICMA Harmonised Framework for Impact Reporting, SBTi
Certifications: BREEAM, LEED
Third-party Assurance: KPMG (limited assurance for allocation of Green Sukuk proceeds as of June 30th, 2024)
UN Sustainable Development Goals
- Not disclosed
Aligned with UN Sustainable Development Goals (SDGs)
Sustainable Products & Innovation
- Boxbay
- Electric straddle carriers
- Hybrid vessels
Awards & Recognition
- Not disclosed