Sustainability-linked bond issued In 2023, the first DHL Group sustainability-linked bond was placed with an issue volume of €500 million and a term through 2033. The interest rate is linked to the sub-targets of the 2030 target.
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ESG metrics extended to upper management bonus Since fiscal year 2023, ESG metrics (Decarbonization Effects, Employee Engagement, Cybersecurity Rating) have been included in the annual bonus calculation for executives in upper management, not just Board.
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First sustainability-linked bond issued Placed first sustainability-linked bond H1 2023 of €500 million with term until 2033. Interest rate linked to 2030 GHG targets (-42% S1+2, -25% S3).
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Scaling renewable electricity to 97% in owned buildings Renewable energy consumption grew 35% (1,826 GWh in 2021 to 3,062 GWh in 2023), now 8.7% of total energy. Within buildings, 97% of electricity and 59% of total energy is from renewable sources. By 2030, all new owned buildings must be CO2 neutral, designed via the internal framework (based on World Green Buildings Council guidance, certified by SGS) using solar-ready roofs, PV systems, purchased renewable energy, heat pumps and battery storage.
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Primary: Pick-up & delivery fleet electrification to 60% by 2030 E-vehicles grew 68.8% over 2021-2023 to 36,179 units (37.6% of pick-up & delivery fleet), with target of 60% by 2030. Plus 25,000 bicycles including 14,000 e-trikes and 5,500 e-bikes. Post & Parcel Germany alone operates ~28,100 e-vehicles. On long routes uses HVO and CNG/biogas trucks as transitional alternatives.
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Primary: Sustainable road fuels (HVO, biogas/CNG) Transition to HVO (hydrotreated vegetable oil) for diesel substitution — e.g. fueling stations in Great Britain and Netherlands eCommerce converted to HVO. Partner in Ireland setting up biogas generation for sustainably-produced CNG trucks. Sustainable Fuel Policy governs procurement including biodiversity safeguards in feedstock.
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Insetting via GoGreen Plus; offsetting kept outside footprint DHL distinguishes direct substitution and indirect substitution (insetting via certified Book & Claim for SAF/HVO) inside the value chain from offsetting (Gold Standard climate protection projects). Customer offsetting via GoGreen is explicitly NOT counted toward DHL's own carbon footprint; offsets are not recognized by GHG Protocol/SBTi for emission reduction. No durable removals (DAC/BECCS) mentioned.
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Primary: CO2-neutral building design standard By 2030 all new owned buildings to be CO2 neutral (Scopes 1+2) per internal framework based on World Green Buildings Council guidance, certified by SGS. Standard measures: efficient HVAC/heat pumps, LED with smart controls, PV systems, battery storage, building automation. 60% of locations already certified to ISO 14001 and/or 50001. Buildings represent only ~1% of GHG footprint.
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Primary: Sustainable aviation fuel (SAF) procurement Aviation accounts for 68% of DHL's GHG footprint. 2023 SAF use increased to 72 kt, supplied at eight airports globally (started Amsterdam and San Francisco in 2020). Offered to customers via GoGreen Plus. 12 all-electric 'Alice' cargo planes ordered, expected from 2027. €113m in additional aviation fuel expenditure in 2023; up to €7bn cumulative decarbonization spend by 2030.
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Dependent: Subcontractor decarbonisation via Book & Claim Scope 3 Cat 4 (upstream transport) is 23 Mt CO2e — the dominant emissions source. DHL drives reductions through Green Carrier Certifications for subcontractors, sustainable fuels for ocean freight (since 2021) and air freight (since 2022) via Book & Claim/myDHLi, and decarbonization via alternative road freight technologies since 2023. Rail freight reduces emissions 30% vs truck.
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