Port and logistics multinational, DP World, has broadened the scope of its Sustainable Development Impact Disclosure (SDID), a framework for enhancing transparency and accountability about ESG, to encompass Brazil, Senegal and South Africa.
According to a statement by the Emirati company, the latest development underlines its progress towards achieving the United Nations Sustainable Development Goals (SDGs).
This expanded report follows the company’s inaugural SDID, published in April, which initially covered operations in India and Somaliland, according to an official release.
The updated report details DP World's ongoing commitment to sustainable development through targeted investments, showcasing the company's tangible impact across areas such as resilient infrastructure, community engagement, and gender equality.
In Brazil, for example, DP World is working in partnership with Rumo to develop a new terminal designed to manage 12.5 million tonnes of grains and fertilisers, further strengthening Santos’s role as a crucial agricultural logistics hub.
Similarly, in Senegal, DP World has invested over $300 million to modernise the port's operations, resulting in a significant increase in handling capacity from 265 000 TEUs in 2008 to 800 000 TEUs by 2023.
The latter has greatly enhanced sub-regional trade connectivity and facilitated access to underserved markets.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, emphasised that the company was dedicated to global-scale investments that bolstered trade resilience and contributed positively to local communities.
He said the expanded disclosure underscored DP World's commitment to advancing the UN’s SDGs and development needs within key emerging economies.
The report illustrates how DP World's services contribute to infrastructure building, enhancement of logistics solutions, and opportunities for community development.
The latest SDID report was prepared in collaboration with the Impact Disclosure Taskforce, a global network that includes financial institutions and industry stakeholders devoted to establishing credible standards for impact reporting.
This taskforce provides voluntary guidance for companies, particularly those operating in emerging markets, on measuring and disclosing the developmental impacts of their business strategies, as noted in the release.
Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce, highlighted DP World’s pioneering role in applying the Impact Disclosure Guidance, illustrating how its business model aimed to tackle specific development challenges in its key operational regions.
This approach to impact measurement may provide SDG-focused investors with valuable insights to support their investment and engagement decisions.
By adhering to the Impact Disclosure Guidance, DP World aligns its investments with the highest standards of impact measurement and management, which may also position its securities for sustainable capital, further contributing to global SDG attainment efforts, the release concluded.
