DP World Expands Sustainable Development Impact Disclosure to Brazil, Senegal, and South Africa

Dubai: DP World has expanded its Sustainable Development Impact Disclosure (SDID) to include Brazil, Senegal, and South Africa, marking significant progress in its commitment to the United Nations' Sustainable Development Goals (SDGs). This initiative builds upon the company's inaugural SDID released in April 2024, which initially focused on India and Somaliland. According to Emirates News Agency, the expanded SDID report underscores DP World's dedication to sustainable development through strategic investments, highlighting its tangible impact in areas such as resilient infrastructure, community engagement, and gender equality. In Brazil, DP World collaborates with Rumo to develop a new terminal capable of handling 12.5 million tonnes of grains and fertilizers, strengthening Santos as a crucial hub for agricultural logistics. In Senegal, the company has invested over US$300 million to modernize operations, significantly increasing the terminal's handling capacity from 265,000 TEUs in 2008 to 800,000 TEUs in 2023, thereby enhancing sub-regional trade connectivity and market accessibility. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, "We are committed to investing at scale globally to strengthen trade resilience and foster positive social impacts in the communities where we operate. So we are immensely proud to extend this disclosure and highlight our contributions to advance the UN's Sustainable Development Goals and bridge gaps in key developing economies." The report was developed in collaboration with the Impact Disclosure Taskforce, a global network aimed at establishing reliable impact reporting standards. It provides guidance to companies, especially in emerging markets, to measure and disclose the intended development impacts of their strategies. Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce and Head of J.P. Morgan's Development Finance Institution, commended DP World for pioneering the use of Impact Disclosure Guidance, which offers investors insights for informe d investment and engagement decisions. The expanded SDID serves as a crucial tool for engaging investors by increasing transparency around development metrics and targets. Cedric Merle, Co-Chair of the Impact Disclosure Taskforce, emphasized that DP World has set a precedent by piloting the impact disclosure framework, highlighting its applicability to other emerging markets in which it operates. By adhering to the Impact Disclosure Guidance, DP World ensures its investments meet high standards of impact measurement and management. This commitment could qualify its securities for sustainable capital, supporting global efforts to achieve the UN SDGs. Furthermore, DP World's acquisition of 47,000 TEUs enhances its control over delivery schedules, minimizing risks of delays and bolstering supply chain resilience and responsiveness. Ganesh Raj, Global Chief Operating Officer, Marine Services at DP World, noted, "This injection of 47,000 TEUs into the existing ecosystem of DP World-owned assets will help our cu stomers access the capacity they need, safe in the knowledge that their goods will be moved from end to end with a single partner."