UAE’s DP World invests $500mn to cut carbon emission over next 5 years

UAE’s DP World invests $500mn to cut carbon emission over next 5 years

DP World has revealed the intention to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tons over the next five years.

The announcement was made as Mr. Sultan Ahmed Bin Sulayem, DP World Chairman and Group CEO, addressed delegates by video at the United Nations Climate Conference (COP 27) in Sharm El Sheikh, Egypt, and reinforced DP World’s commitment to sustainability by taking on the Green Shipping Challenge (GSC).

Launched earlier this year by US Special Presidential Envoy for Climate Change Mr. John Kerry and Norwegian Prime Minister Mr. Jonas Gahr Støre, the challenge encourages countries, ports, companies, and other actors in the shipping value chain to come forward with concrete announcements to further ocean-based climate actions.

Sultan bin Sulayem

Group Chairman & CEO

DP World “Global trade has been an enormous force for good, keeping our world connected and lifting millions out of poverty over the last few decades. But this growth is not without consequences, from the scale of energy required to make, move and use goods to the resource intensity of logistics and the challenges economic growth can bring. As a leading enabler of global trade, we have the tools, ingenuity and drive to lead