Generation

DP World sourcing 65% of electricity from renewables across its business

DUBAI: DP World sourced 65% of its electricity from renewables in 2024, marking a significant step forward on the company’s sustainability journey.
The milestone is featured in DP World’s latest Sustainability Report, released today. The report outlines bold action across the business, with $1.17 billion invested in green and low-carbon infrastructure projects – along with innovative efforts across sustainable finance, environment management and inclusive growth.
In October, DP World published its inaugural Green Sukuk Impact and Allocation Report detailing the allocation of $1.17 billion from a $1.5 billion bond raised in 2023 toward eligible green projects, including low-carbon infrastructure, fleet electrification and renewable energy systems.
Beyond operational progress, the report also highlights the company’s $15.1 million investment in global initiatives focused on education, skills development, and essential infrastructure across the communities it serves.
The report also marks a step forward in ESG governance and transparency practices, with DP World becoming the first corporate globally to publish a Sustainable Development Impact Disclosure Report across five countries. ESG ratings also improved across leading agencies, such as MSCI and EcoVadis.
Developed in line with Global Reporting Initiative (GRI) Standards, the report includes decarbonisation targets validated by the Science Based Targets initiative (SBTi) and maps GRI disclosures against IFRS S2 Climate standards.