LOADING

Type to search

DP World to Invest Around $500 Million to Reduce CO2 Emissions

Climate ESG Asia Global News Investing

DP World to Invest Around $500 Million to Reduce CO2 Emissions

Avatar photo

Dubai-owned ports giant DP World intends to invest around $500 million to reduce carbon dioxide emissions in its operations by 700,000 tonnes over the next five years, state news agency WAM reported on Monday, citing the company’s chairman and CEO Sultan Ahmed Bin Sulayem.

See related article: Dubai Islamic Bank publishes its Sustainable Finance Framework

DP World’s plans include transitioning its global fleet from diesel to electric power, investing in renewable energy, and exploring fuel alternatives, Sulayem said via video conference during the COP27 summit in Egypt, WAM added.

Source: Reuters

Tags:
Avatar photo
ESG News

ESG News provides full-length coverage of ESG events, trends, policies and thought-leaders shaping business today.

  • 1

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *