DP World issues $100 million Blue Bond

DP World has issued a groundbreaking $100 million Blue Bond to fund sustainable projects cutting across marine transportation, port infrastructure, marine pollution, as well as nature and water positive initiatives.

Through this issuance, DP World will contribute to closing the significant funding gap for UN SDG 14 (Life below water) and SDG 6 (Clean water and sanitation), as well as increasing transparency to meet investors’ growing interest in blue assets.

This is the first Blue Bond issuance from a company in the Middle East and North Africa, reflecting the company’s aim of leading the logistics sector and region toward a more resilient future. It is also the first corporate Blue Bond out of the broader Central & Eastern Europe, Middle East and North Africa region.

The Blue Bond is fully aligned with the DP World’s recently launched Ocean Strategy and long-standing Decarbonisation and Water Strategies. The Ocean Strategy, which encompasses four foundational pillars, links global trade and environmental stewardship, supports the company’s leadership towards a Sustainable Blue Economy and removes barriers to comprehensive climate ocean action. The strategy aims to advance the Paris Climate Agreement and the Kunming-Montreal Global Biodiversity Framework Goals. Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive of DP World, said: “As a responsible leader in global trade, we are committed to preserving the ocean’s ability to provide for future generations. It is our ambition to lead our industry towards a sustainable blue economy as we work with our partners to remove barriers to comprehensive climate and ocean action. This Blue Bond will lay the foundation for the years to come.”

“We are increasingly working in regions where the ocean is being polluted, coastal biodiversity is being lost, and critical resources like water are becoming scarcer, posing significant threats to both nature and people.”