Dubai-based logistics provider DP World has won the Green bond of the year – corporate (EMEA) award for its innovative $100 million blue bond issuance in December 2024.

The issuance contributes directly to the United Nations Sustainable Development Goals, SDG 6 (Clean Water and Sanitation) and SDG 14 (Life Below Water), addressing the significant funding gap for sustainable marine and water-related initiatives. The bond aligns with DP World’s Ocean, Decarbonisation, and Water Strategies and supports initiatives aimed at reducing marine pollution, conserving marine ecosystems, and enhancing biodiversity, reinforcing the Group’s commitment to the blue economy. Eligible projects included within the Blue Bond portfolio, include those relating to sustainable marine transportation, sustainable port development, marine ecosystem conservation and restoration, and marine pollution management.

The five-year bond, which claims to be the first corporate blue bond issuance across the Central and Eastern Europe, Middle East and Africa region has a 99.6 basis points (bps) above US Treasuries and a 5.25% coupon rate.

T.Rowe Price was the bond's key investor.