RISK & RESILIENCE
Addressing sustainability challenges DP World ’ s climate strategy marks a significant shift in corporate environmental commitment , balancing both mitigation and adaptation with increasingly ambitious targets .
The company ’ s recent verification through the Science Based Targets initiative ( SBTi ) demonstrates this heightened focus .
“ Previously , our target was 28 % by 2030 in terms of our total emissions reduction ,” Andy states . “ As part of SBTi verification , we had to increase that to 42 %.
“ It ’ s not just numbers – the execution part is crucial . But we were willing to do it because we understood you have to pull two levers , adapting as well as mitigating .”
The wider sustainability challenge is particularly complex given DP World ’ s diverse operations . In marine services , which represents the organisation ’ s largest portion of emissions , the company faces significant technological hurdles .
“ Currently , there ’ s no economical or accessible alternative to bunkering fields ,” Andy notes .
However , the company is actively pursuing solutions , including investment in dual-fuel technology in its Unifeeder business , which has chartered two dual-fuel methanol vessels with the option to charter two more in future .
Meanwhile , the P & Ts division is emerging as a trailblazer in sustainability transformation .
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