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

Dubai-based DP World has expanded its Sustainable Development Impact Disclosure (SDID) to include Brazil, Senegal, and South Africa, highlighting its efforts toward achieving the UN's Sustainable Development Goals (SDGs).

The extension to these countries follows the company's first SDID report, published in April 2024, which focused on India and Somaliland. The new report highlights DP World's commitment to sustainable development through strategic investments.

It shows how the company is making a real difference in key areas like building strong infrastructure, engaging with communities, and promoting gender equality.

In Brazil, DP World is working with Rumo to build a new terminal that can handle 12.5 million tons of grains and fertilizers, making Santos an important center for agricultural logistics.

In Senegal, the company has invested over $300 million to upgrade operations, increasing the terminal's capacity from 265,000 TEUs in 2008 to 800,000 TEUs in 2023. This improvement boosts trade in the region and helps connect to markets that are usually hard to reach.

"We are committed to investing at scale globally to strengthen trade resilience and foster positive social impacts in the communities where we operate," DP World's Group Chairman and Chief Executive Officer Sultan Ahmed bin Sulayem was quoted as saying by WAM.

"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 shows how the services DP World delivers create infrastructure, improve logistics services and provide opportunities for communities," he added.

The latest report was created with help from the Impact Disclosure Taskforce, a global group of financial institutions and industry experts focused on setting reliable standards for impact reporting.

It offers voluntary guidelines to companies, especially in emerging markets, on how to measure and share the development impacts of their strategies.

Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce and Head of J.P. Morgan's Development Finance Institution, noted that DP World has been a leader in using the Impact Disclosure Guidance to show how its business strategy addresses specific development challenges in important countries.

He mentioned that their commitment to measuring and managing their development impact can provide valuable insights for investors focused on the SDGs when making investment and engagement decisions.

The expanded SDID is an important tool for engaging investors by increasing transparency around key development metrics and goals.