Spotlight on ESG Series - DP World

[0:06]Our sustainability strategy called our world, our future, drives everything we do. Sustainability is in our DNA and we are integrating it across our operations. Our strategy is made up of seven priority areas where we ensure our operations are running in a responsible and sustainable way and having a lasting impact. Since the inception of our strategy, we have made great progress. We are more transparent, we are continuously improving, and we are more innovative when it comes to innovation. We've heavily invested in solutions to reduce our carbon emissions through electrification, digitalization, and the use of alternative fuels. The sustainability reporting landscape is always evolving with new reporting standards, which is why we are constantly evaluating it to stay ahead of the curve. Our annual ESG report follows GRI standards, the Global Reporting initiative, the most commonly used standard for sustainability reporting. Besides GRI, we also follow other global frameworks to report on different areas of sustainability. For example, we have aligned the pillars of our women's strategy to UN women's seven empowerment principles. Another is the United Nations Global Compact Sustainable Ocean Principles, a framework for responsible business practices across oceans. We are even looking into new reporting standards like ISSB, which aims to set new standards and criteria for sustainability reporting. Firstly, it's important to note that our approach to sustainability and reporting is not only driven by investors, but it's also part of our license to operate. However, we recognize that an impactful strategy and greater transparency are important for investors. Today, investors look beyond the numbers. They want a holistic view of how companies create value. A good example of this is our $1.5 billion green sukuk, which is listed on Nasdaq Dubai. We received a significant amount of demand because we are transparent on our sustainability strategy, progress, and ambitions. Carbon emissions will remain our key priority for the short to medium term at DP World. We will continue to work to meet our strategy of carbon neutrality by 2040 and net zero by 2050. Beyond decarbonization, our approach to ESG will be guided by the three legacy pillars of our sustainability strategy: Women, water, and education. These pillars are closely aligned with the relevant UN Sustainable Development Goals. Sustainability is a journey and our strategy continues to evolve as we stocktake, listen to our stakeholders, and look at the changes within our own business and operations.