Commercial, Energy Efficiency, GHG Emissions  -  August 30, 2024

DP World Receives SBTi Approval

DP World secured validation from the Science Based Targets initiative (SBTi) for its commitment to reduce its carbon footprint.

The global trade and logistics firm commits to lower Scope 1 GHG emissions 42% by 2030 from a 2022 base year, and also commits to lower Scope 2 GHG emissions 62.2% and absolute Scope 3 GHG emissions 28% within the same timeframe.

The validation from the SBTi underscores the strength of DP World’s sustainability strategy and recognizes its progress-to-date and plans, which focus on slashing its own emissions and empowering its customers to meet their own Scope 3 reduction targets.

"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,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, in a statement. “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 progress on its sustainability strategy in recent years, announcing a 13% reduction in emissions since the 2022 base year. 

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.

DP World’s achievements include 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. 
•  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, plus  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.
•   Winning 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.

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