DP World has become the first company in the world to adopt and publish its Sustainable Development Impact Disclosure (SDID).
The SDID report discloses the company’s development impact in the countries where it operates and follows the recently released guidance from the Impact Disclosure Taskforce.
The disclosure serves as a framework for private sector companies and sovereigns, to demonstrate how they drive transformation through large-scale infrastructure development into emerging markets and developing economies.
The SDID was developed in line with recent disclosure guidance from the Impact Disclosure Taskforce, led by JP Morgan Development Finance Institution and Natixis. It uses impact measurement and monitoring to assess the impact of investments in advancing the UN’s Sustainable Development Goals and closing existing development gaps.
The report focuses on transparency, accountability, and sustainable development while providing reliable information to global capital markets for informed financing decisions.
DP World used a five-step process to measure and disclose the impacts of business strategies or national development plans.
Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO said: “I am immensely proud to announce the publication of our new Sustainable Development Impact Disclosure, which embodies our commitment to changing what’s possible through infrastructure development.
“This disclosure not only demonstrates our commitment to sustainable development but also sets a path for industry-wide accountability.
“It’s a call to action, to catalyse positive change and drive sustainable infrastructure development on a global scale.”
Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce and Head of J.P. Morgan’s Development Finance Institution: “By publishing its Sustainable Development Impact Disclosure, DP World demonstrates that it intends to manage its business to achieve both financial returns and development impact.
“I commend DP World for its commitment to promote sustainable and inclusive economic growth in places where it’s needed most to meet our global goals.”
This news comes the same week that DP World welcomed the arrival of eight fully electric straddle carriers for its soon-to-be-opened £350 million ($432 million) new fourth berth at London Gateway.
Additionally, the company just launched a new Air Tracking feature to its SeaRates platform to provide cargo owners with real-time visibility across the entire supply chain.