DP World commits to interim 20% CO2 reduction target

Dubai-headquartered marine logistics firm DP World says global supply chains need to be rewired to emit less CO2, and has come up with ways to lower its own footprint.

PHOTO: Container ship in Saudi Arabia's Jeddah port. DP World

DP World will invest $500 million to cut its CO2 emissions by 700,000 mt over the next five years, its chief executive Sultan Ahmed Bin Sulayem told the COP27 climate conference in a video.

The announcement was made in response to the Green Shipping Challenge, which was launched by the governments of the US and Norway earlier this year with a rallying call to countries and companies to come up with ambitious and tangible shipping decarbonisation measures.

Bin Sulayem said “growth is not without consequences” and that the whole maritime industry needs a “complete rewiring” to decarbonise, with “new supply chains and structures.”

To cut its CO2 emissions by 700,000 mt, or 20%, over five years, DP World will electrify its ports and terminal equipment and switch away from diesel. It will also invest in renewable power supply and explore alternative fuels.

It says its five-year 20% interim target will be a step on its path to carbon neutrality by 2030, and to net zero carbon emissions by 2050.

DP World is one of the world’s largest port and terminal operators, with operations spanning 69 countries. It claims to move 10% of global cargo through its supply chains.  

By Erik Hoffmann

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