Deutsche Post DHL Group has announced the acceleration of its planned decarbonisation of the company, aiming to invest a total of €7bn (Opex and Capex) over the next ten years in measures to reduce its CO2 emissions. The funds will flow in particular into alternative aviation fuels, the expansion of the zero-emission e-vehicle fleet and climate-neutral buildings. The company is also committing to new interim targets, e.g. it commits as part of the Science Based Target initiative (SBTi) to reduce its greenhouse gas emissions by 2030 in line with the Paris Climate Agreement.
New Sustainability Roadmap
The Board of Management and Supervisory Board is stated to propose to shareholders that, in the future, the achievement of ESG targets will be taken into account when calculating the remuneration of the Board of Management, signalling the commitment to sustainable business as a priority.
With “Strategy 2025” introduced in 2019, sustainability has become a fundamental component of the corporate strategy, according to the company.
Frank Appel, CEO of Deutsche Post DHL Group, said, “Covid-19 has once again reinforced the major mega-trends of our time: globalisation, digitalisation, e-commerce and sustainability – the four drivers of our ‘Strategy 2025’. Of these topics, sustainability is the most pressing challenge. With our sustainability roadmap, we are stepping up our efforts and explicitly promoting the Sustainable Development Goals of the United Nations.”
In the fight against climate change, Deutsche Post DHL Group is committed to ambitious CO2 reduction targets as part of the Science Based Target Initiative. Today, the company is committed to reducing annual Group CO2 emissions to below 29m tons by 2030, despite the expected continued strong growth in global logistics activities.
To achieve this, Deutsche Post DHL Group will invest around €7bn in climate-neutral logistics solutions by 2030. The expenditures arising from this up to 2023 have already been taken into account in the investment plan up to 2023 communicated on March 9, 2021. For short distances and the last mile, the Group will continue to drive forward the electrification of its vehicle fleet. By 2030, 60% of global delivery vehicles for the last mile are to be electrically powered, hence more than 80,000 e-vehicles will be on the road. In 2020, the figure was 18%.
On longer routes, especially in air transport, electric drives are not an alternative for the foreseeable future, stated the company. Thus the Group announced it will push for the development and use of fuels produced from renewable energies: By 2030, at least 30% of fuel requirements in aviation and line haul are to be covered by sustainable fuels. In addition, the Group is investing in environment friendly properties, stating that all newly constructed buildings will be climate-neutral.
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