Climate Change Data

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

Total Carbon Emissions:3091 ktCO2e
Scope 1 Emissions:2537929 tCO2e
Scope 2 Emissions:1137315 tCO2e
Scope 3 Emissions:3355205 tCO2e
Renewable Energy Share:19%
Total Energy Consumption:256152 MWh (renewable)
Carbon Intensity:13.3 kgCO2e/modTEU (Ports & Terminals)

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

Long-term Goals:
  • Net zero carbon emissions by 2050
Medium-term Goals:
  • Carbon neutrality by 2040
  • 28% reduction of carbon footprint by 2030
Short-term Goals:
  • 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

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

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

Long-term Goals:
  • Achieve net zero carbon emissions by 2050
Medium-term Goals:
  • 5% of marine power coming from zero-emission fuels by 2030
Short-term Goals:
  • 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