Dubai World Ports adopt renewable energy to generate 65% of electricity in its operations

Dubai, April 24 / WAM / The Dubai Ports Group “DP and Drd”, today, released its latest sustainability reports for 2024, which revealed its dependence on renewable energy sources in its operations by 65%.
The report showed the measures taken by the company at the level of operations, as it invested 1.17 billion US dollars in sustainable and low -carbon infrastructure projects, as well as its innovative efforts in the areas of sustainable financing, environmental management, and comprehensive growth.
Last October, the group published its opening report on the impact and allocating green instruments, which detailed the allocation of $ 1.17 billion in total bonds worth $ 1.5 billion in 2023 for qualified green projects, including low -carbon infrastructure, vehicle fleet electrification, and renewable energy systems.
The company has also issued a Blue bonds worth $ 100 million, making it the first company in Central, Eastern, Middle East and Africa to issue these bonds to finance sustainable projects in the fields of maritime transport, ports infrastructure, and combating marine pollution, in addition to positive initiatives to conserve nature and water, thus setting a new standard for sustainable financing in emerging markets.
In addition to applying for the operating company’s performance, the report also highlights the company’s investment of $ 15.1 million in global initiatives focusing on education, skills development, and basic infrastructure in the societies that serve it.
This report reflects our sectarian achievements over the course of a whole year, as our dependence on renewable energy sources is highlighted to generate 65% of the electricity needed for our operational operations, and our initiative to launch blue bonds in the region for the first time, along with our positive impact in the societies in which we work, including, including, It represents a living evidence of what we can achieve when combining sustainability at the heart of our actions.
He added that these results are the fruit of our bold investments and our focus on strict accountability, and our belief in our ability to build a future in which efforts to enhance trade with flexibility in the face of climate change, and proud of our contribution to achieving a qualitative shift in how to finance and facilitate the movement of global trade, starting from relying on renewable energy in the electrification of our container stations, and using them on a large scale, and reaching the issuance of bonds Green and blue as creative financing tools.
The report reveals that the group has become the first global company to publish the disclosure report on the impact of sustainable development in five countries, and the company’s classification increased according to the indicators of leading agencies, such as Morgan Stanley Capital International and “Ecofadis” to classify in the field of environment, society and companies.

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