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DP World raises sustainability funding

DP World has reaffirmed its commitment to sustainable operations by raising US$ 1.5 billion through a Green Sukuk to support its global decarbonisation efforts. The Sukuk, which was heavily oversubscribed due to strong demand from local, regional and international investors, is listed on both Nasdaq Dubai and the London Stock Exchange.

The proceeds from the Sukuk will be earmarked for eligible green projects in line with DP World’s recently published Sustainable Finance Framework. Current projects cut across electrification, renewable energy, clean transportation and energy efficiency.

DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said: “We aspire to lead global trade into a more resilient, efficient, and sustainable future for our customers and their customers. That’s why we are acting with scale and ambition, using our hands-on expertise to reshape trade for the better.”

DP World’s current portfolio of green and sustainable assets is spread throughout the globe and includes electrified freight transportation and hybrid vessels. The Group also boasts a number of green buildings within its portfolio that meet internationally recognised green certification building standards, such as BREEAM and LEED.

Decarbonisation is a core focus for DP World, and the business has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050.

The post DP World raises sustainability funding appeared first on Latest Maritime & Shipping News Online – The Maritime Standard.

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