The logistics industry is witnessing a pivotal shift towards sustainability with DHL Express and Standard Chartered Bank’s recent agreement to co-invest in Sustainable Aviation Fuel (SAF). This collaboration is part of DHL’s GoGreen Plus service, which aims to scale the use of SAF—a cleaner alternative to conventional jet fuels made from renewable resources like agricultural residues or waste oils.
Decades-Long Partnership Takes a Green Turn
With over twenty years of partnership, DHL and Standard Chartered are strengthening their alliance with a focus on sustainability. The bank’s commitment to achieving net-zero emissions by 2025 for its operations and by 2050 for its financed emissions is supported by this move. The use of SAF is expected to save approximately 3,780 tonnes of carbon dioxide equivalent from 2024 to 2030.
Measuring Impact and Inspiring Change
Standard Chartered will receive detailed monthly reports on the carbon footprint of its shipments and quarterly independent audits of emissions reductions. This transparency is crucial for both companies as they work towards their net-zero emissions goal by 2050. The initiative also serves as an inspiration for other companies to adopt low-emission transportation services.
A Win-Win for Sustainability and Efficiency
The partnership not only aligns with Standard Chartered’s sustainability goals but also offers a competitive advantage by demonstrating a commitment to environmentally responsible practices. As the digitization of trade progresses, this agreement represents a tangible step towards reducing emissions from an essential service.
Looking Forward
DHL Group’s GoGreen Plus is a testament to the company’s dedication to a sustainable future, with the air freight network being a significant contributor to its carbon footprint. This initiative is a part of a broader movement within the industry, as seen with other companies like Kintetsu World Express and Volvo Group, to prioritize SAF and decarbonize the sector.
