Shipping decarb debate manoeuvring set to run and run
Debate at the International Maritime Organization (IMO) over its level of ambition for decarbonising shipping ...
DHL has joined hundreds of major companies in signing up to the Science-Based Targets initiative (SBTi), part of its accelerated roadmap to decarbonisation.
It has also promised investment in climate-neutral logistics of €7bn ($8.35bn), up to 2030.
Some 1,200 companies are now using the SBTi, which aims to cut global greenhouse gas (GHG) emissions, and must follow a “rigorous process” to develop an emissions reduction target in line with the initiative’s criteria.
The SBTi continually updates the framework to incorporate lessons learned and adhere to what the latest climate science says is necessary to meet the goals of the Paris Climate Agreement.
The SBTi’s first draft of Maritime Transport Sector methodology will be available for public consultation from 29 March until 16 April, while a webinar will offer a “deep-dive” into the methodology.
The initiative seems to be working: analysis of 338 companies with approved science-based targets have cut their emissions by 25% since 2015.
DHL said its investment was earmarked for research into alternative aviation fuels, the expansion of its zero-emission fleet and climate-neutral buildings. By 2030, 80,000 e-vehicles will be deployed for last-mile deliveries, 60% electrification of the fleet, while at least 30% of fuel requirements in aviation and linehaul are to be covered by sustainable fuels.
It has also tightened its targets: it will reduce its GHG emissions by 2030 in line with the Paris Climate Agreement.
And, in what could be a sign of things to come in the industry, it is also proposing that its remuneration system for its board of management takes into account the achievement of sustainability targets.
“As the world’s largest logistics company, it is our responsibility to lead the way and guide the logistics industry into a sustainable future. We are turning our yellow group into a green company and making an important contribution to our planet and society,” said CEO Frank Appel.
“Sustainable, clean fuel alternatives are elementary for climate-neutral logistics in a globalised world,” he added. “In air transport in particular, these could help reduce CO2 emissions. That’s why we will engage even more intensively in initiatives and strengthen cross-industry exchange to develop a global strategy and standards here. One thing is certain: only by joining forces – across countries and sectors – will we achieve truly sustainable progress in all areas.”
DHL said it would also pursue greater diversity, and pledged that the proportion of women managers would rise from 23.2% today to at least 30% by 2025.
It will also invest 1% pf its annual profits into social impact programmes and initiatives.