DP World Sets New Ambitious Target To Reduce Carbon Emissions

DP World Aims to reduces greenhouse gas emissions by 42% in 2030

DP World is a global leader in trade and logistics services.
It has received approval from the Science-Based Targets initiative (SBTi) for its ambitious commitment to reducing its carbon footprint.

Here are the key points:

Emission Reduction Goals:

DP World aims to reduce greenhouse gas emissions in Scope 1 (direct emissions) by 42% in 2030, based on a 2022 baseline.
The company also commits to reducing emissions in Scope 2 (indirect emissions) by 62.2%.
And also in Scope 3 (other indirect emissions) by 28% within the same timeframe.

SBTi and Climate Action:

Science-Based Targets initiative (SBTi), a globally recognized foundation, encourages private sector companies to reduce emissions contributing to climate change.
DP World’s approval by SBTi demonstrates the strength of its sustainability strategy, aligned with the vision of “Our World, Our Future.”

Progress and Commitment:

Dubai Ports has made significant progress in recent years.
Achieving a 13% reduction in emissions since its 2022 baseline.

The new emission reduction targets reflect DP World’s ongoing commitment to lead supply chain sustainability and achieve net-zero emissions by 2050.

Collaboration and Innovation:

DP World is part of the Zero-Emission Ports Alliance (ZEPA).
Driving zero-emission container handling equipment (CHE) in ports.

Strategic partnerships, like the one with Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, contribute to developing carbon-neutral solutions for the maritime industry.

Renewable Energy:

The company aims to increase its use of renewable energy sources.
With 60% of electricity consumption coming from renewables by 2023.
Mentioning that DP World plans to reach 70% by 2030 and ultimately achieve 100% renewable energy by 2040.

Awards and Recognition:

DP World has received sustainability awards for its efforts.
Including installing Ecuador’s first solar power station at the deep-water port in Posorja.
In addition to recognition from the SEAL Business Sustainability Awards for waste-to-energy initiatives and the BOXBAY system.

UAE’s foreign trade achieves a new historic record, recording 1.395 trillion dirhams in the first half of 2024. pic.twitter.com/hoDdRpwKVS

— UAE Voice (@uae_voiceeng) August 26, 2024

DP World is actively involved in several initiatives beyond its commitment to reducing carbon emissions.
Here are some notable ones:

1. Smart Ports and Digitalization
2. Green Ports and Eco-Friendly Practices
3. Innovation and Research
4. Community Engagement and Social Responsibility
5. Global Trade and Connectivity

DP World’s commitment extends beyond environmental sustainability—it encompasses economic development, social impact, and technological advancement.