DP World Sets New Ambitious Carbon Reduction Target as It Secures SBTI Validation

Validation marks vote of confidence in DP World’s plans to transform supply chains with a new and ambitious target to deliver 42% Scope 1 and 2 GHG emissions reduction by 2030

DP World is the first logistics company in the Middle East to achieve validation 

DUBAI, United Arab Emirates, 27 August 2024 – DP World has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.

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The global trade and logistics firm commits to reduce scope 1 greenhouse gas (GHG) emissions 42% by 2030 from a 2022 base year*. DP World also commits to reduce scope 2 GHG emissions 62.2%, and reduce absolute scope 3 GHG emissions 28% within the same timeframe.

The SBTi is a world leading authority in advancing private sector progress to reduce GHG emissions, helping prevent the impacts of climate change. Its validation underscores the strength of DP World’s 'Our World, Our Future' sustainability strategy, recognising its progress-to-date and ambitious plans, which focus on slashing its own emissions and empowering its customers to meet their own Scope 3 reduction targets.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World said: "DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving net zero emissions by 2050. The SBTi’s validation confirms the strength and ambition of our plans as we remain committed to playing a pivotal role in uniting our industry for a better tomorrow."

DP World has made notable progress on its sustainability strategy in recent years, announcing a 13% reduction in emissions since the 2022 base year. Its new 42% reduction target and increased commitments on Scope 3 reductions build on the success to date.

Piotr Konopka, Group Vice President at DP World, Global Decarbonisation & Energy, said: “We are delighted to have achieved SBTi validation and we will continue to drive progress in a range of areas, including equipment electrification, renewable energy, efficiency, and low carbon fuels. Furthermore, we look forward to driving increased collaboration through industry-wide initiatives such as green trade corridors and portside electrification as seen with our Zero Emissions Port Alliance.”  

DP World’s ambitious decarbonisation plans and achievements include, but are not limited to, the following:

·       The Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition led by DP World in partnership with APM Terminals to accelerate progress towards zero emissions for container handling equipment (CHE) in ports.

·       Entered a strategic partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) in 2022, whereby DP World committed to long-term strategic collaboration and contribution to the development of zero carbon technologies and solutions for the maritime industry.

·       DP World’s membership of the World Economic Forum and the US Government-led First Movers Coalition, which aims to address the decarbonisation challenges of seven hard-to-abate sectors, including shipping.

·       DP World’s work to advance fuel efficiency and alternative fuel adoption, as well as the introduction of new, more efficient vessels across its network, including an agreement for methanol-capable container feeder vessels in Europe by 2026, and the introduction of hybrid-electric Ro-Pax ferries in the UK.

·       DP World has won a series of sustainability awards for its work, including the EKOenergy ecological label for the installation of the first photovoltaic plant in the deep-water port of Posorja, and two 2024 SEAL Awards for the use of waste for energy and its BOXBAY offer.

·       As of 2023, 60% of DP World’s electricity consumption comes from renewable sources, with an aim to increase this to 70% by 2030 and 100% by 2040.

To find out more about DP World’s 'Our World, Our Future' sustainability strategy please visit www.dpworld.com/sustainability

* The target boundary includes land-related emissions and removals from bioenergy feedstocks.