DPDHL to invest EUR7 billion in climate-neutral logistics until 2030

• DPDHL Group commits as part of the acclaimed Science-based Target initiative.
• In the future, the achievement of ESG targets will be taken into account when calculating the remuneration of the management.

March 22, 2021: Deutsche Post DHL (DPDHL) Group is investing EUR7 billion (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. 

DPDHL Group commits as part of the acclaimed Science-based Target initiative (SBTi) to reduce its greenhouse gas emissions by 2030 in line with the Paris Climate Agreement. The climate targets are part of group's new sustainability roadmap, in which the company sets out its ESG goals for the next years. In addition to its commitment to the environment, the Group also defines clear targets and measures in the areas of social responsibility and governance.

On May 6, the board of management and supervisory board of DPDHL will propose to shareholders at the next annual general meeting (AGM) that the remuneration system for the board of management will be aligned even more closely with sustainable business development. In the future, the achievement of ESG targets will be taken into account when calculating the remuneration of the management.

"I am convinced that by focusing even more on our ESG goals, we will remain the first choice for customers, employees and investors - and thus lay the foundation for long-term economic success. We are turning our yellow Group into a green company and making an important contribution to our planet and society," said Frank Appel, CEO of Deutsche Post DHL Group. 

Since 2008, the Group has had ambitious sustainability targets, for example with regard to CO2 efficiency. In 2017, the Group became the first logistics company in the world to set a target of reducing its greenhouse gas emissions to net zero by 2050. With %u2018Strategy 2025' introduced in 2019, sustainability has become a fundamental component of the corporate strategy.

Appel stated, "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."

The group assumes that its emissions would be around 46 million tonnes in 2030 without the measures of the new sustainability roadmap. In 2020, emissions were 33 million tonnes. The company is committed to reducing these annual group CO2 emissions to below 29 million tonnes by 2030, despite the expected continued strong growth in global logistics activities.

By 2030, at least 30 percent 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 (office space, mail and parcel centers, and logistics warehouses): All new buildings will be climate-neutral.

The group commits to invest 1 percent of its net profits annually in its social impact programs and initiatives. The GoTrade program, launched in the fall of 2020, focuses on giving small and medium-sized enterprises from developing countries access to global markets and thus enabling cross-border trade.   

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