DP WORLD ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021
22
OUR WORLD, CLIMATE CHANGE WE ASPIRE TO NOT ONLY BE THE LEADER IN GLOBAL SMART TRADE LOGISTICS BUT ALSO TO CONTRIBUTE MEANINGFULLY TO THE FIGHT AGAINST CLIMATE CHANGE.
We have made specific commitments to be a net-zero carbon enterprise and we are committed to achieving this by 2040. Our decarbonisation strategy consists of an overarching plan across all divisions (ports and terminals, logistics, economic zones, and marine services) that perform diverse activities. Our ports and terminal division is making steady progress, by following the strategy of maximising efficiency, equipment electrification, supply of renewable electricity, low carbon fuels and carbon compensation. Based on these five pillars of the decarbonisation strategy, capital investments will be targeting equipment change-out, investments in renewable energy assets, blue carbon initiatives and carbon offsetting. This strategy is also in line with the Science Based Targets Initiative (SBTi). We will be enhancing our carbon disclosure further as a result of ongoing efforts to capture Scope 3 emissions assessment for DP World Group, and we have continued to develop a methodology for calculating Scope 3 Emissions, across all business units. We will be working with this data to establish a Scope 3 mitigation strategy and determine whether the magnitude of the Scope 3 emissions meet the criteria to be included in the SBTi validation.
a ‘Grow Green’ execution throughout the group. The end goal is to decouple business growth from carbon footprint growth and embed carbon intensity and environmental footprint considerations in investment decisions. 2021 HIGHLIGHTS Major initiatives for us in 2021 continued to focus on both customer-facing initiatives as well as Group level workstreams. At the customer-facing level, we developed a platform that operates as a carbon footprint estimator. This enables our customers to track their emissions and enhance their own reporting needs for their stakeholders. From an internal perspective, we have started the development of a renewable energy register, which maps electricity sources across all operating entities. It identifies where renewable energy is utilised (via self-generation, Power Purchase Agreement or green tariffs), at what cost and where opportunities exist to increase the renewable energy share. This register will help guide our priorities for the future decarbonisation efforts of our portfolio. 2021 was also an important year for our waste management strategy implementation, aiming to prevent and reduce the amount of waste we generate and to recycle and cover the remaining
waste. DP World also established plans to eliminate the use of plastic bottles by 2023. POLICIES AND INTERNAL TRAINING Our goal is to make sure the environment is protected and enhanced wherever possible. We operate in a range of different environments around the world, and we strive to reduce the environmental impact of our operations through rigorous planning and management. Group environmental guidelines are in place, which address important aspects for environmental risk mitigation and ensure legal compliance. DP World also takes employee training extremely seriously and we are able to leverage our People department’s Learning & Development System to embed an Environmental Assessment Course for key internal stakeholders, including local project managers, Heads of Business, HSE managers and Operations / Engineering representatives. This module trains participants on the environmental guidelines the Group have set for Environmental Assessments of new developments, significant works, or acquisitions globally.
DP World also has plans to work on further refining its business strategy to enable
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