GeoPost/DPDgroup’s 2040 net-zero pathway endorsed by the Science Based Targets initiative

 

An immediate and decisive step to lead on net-zero within the global parcel delivery market

By significantly reducing its absolute greenhouse gas (GHG) emissions across scopes 1, 2 and 3, GeoPost/DPDgroup will contribute to limiting global temperature rises to 1.5°C.

The SBTi has approved GeoPost/DPDgroup’s near and long-term science-based reduction pathway following a careful and exhaustive review, after the company submitted its targets in July 2022 (see press release).

• Overall net-zero science-based target

GeoPost/DPDgroup commits to reach net-zero greenhouse gas (GHG) emissions across the value chain by FY2040 from a FY2020 base year.

• Near-term targets

GeoPost/DPDgroup commits to reduce absolute scope 1 and 2 GHG emissions and absolute scope 3 GHG emissions from fuel and energy-related activities, upstream transportation and distribution and upstream leased assets 43% by FY2030 from a FY2020 base year[1].

• Long-term targets

GeoPost/DPDgroup commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY2040 from a FY2020 base year1.

 

“The approval of our net-zero plan is a strong recognition of the efforts we have been making and will continue to make towards a sustainable future. Thanks to the tremendous dedication of our teams, I am confident that we will meet both our near and long-term targets. We take pride in building a net-zero emissions delivery business for the planet, for our communities and for our customers”,

comments Yves Delmas, CEO of GeoPost/DPDgroup.

 

GeoPost/DPDgroup’s accelerated decarbonization pathway

To achieve its net-zero science-based targets by 2040, the company will focus on:

• Electrifying the first and last mile delivery fleet by increasing the share of alternative transport solutions (including electric vans, cargo bikes and delivery on foot) to 85% by 2030 (100% in 2035).

• Diversifying the linehaul fleet to include alternative powertrain technologies such as biogas, biofuel, electric and hydrogen-powered trucks, as well as shifting more parcels to rail to increase the share of alternative linehaul transport solutions to 50% by 2030 (100% in 2040).

• Switching to renewable energy to power logistics sites and offices and driving towards more energy efficiency, with the objective of using 70% of energy from renewable sources by 2030 (100% in 2035).

• Electrifying the fleet of company cars and on-site freight[2] by increasing the share of electric vehicles to 90% by 2030 (100% in 2035).

 

 

Our net-zero science-based targets cover our 20 largest business units in Europe[3]. These targets are aligned with the most ambitious GHG emissions reduction pathway to limit global temperature increase to 1.5°C above preindustrial levels.

This major step in GeoPost/DPDgroup’s decarbonization strategy is in line with La Poste Groupe’s objective to reach net-zero emissions in 2040.

 

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Key definitions

 

About the Science Based Targets initiative (SBTi)

“The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.”

(Source: Science Based Targets initiative)

 

Net Zero according to SBTi

“State of net-zero emissions: Companies shall set one or more targets to reach a state of net-zero emissions, which involves: (a) reducing their scope 1, 2 and 3 emissions to zero or to a residual level that is consistent with reaching net-zero emissions at the global or sector level in eligible 1.5°C scenarios or sector pathways and; (b) neutralizing any residual emissions at the net-zero target date and any GHG emissions released into the atmosphere thereafter.”

(Source: SBTi Net Zero Standard).

 

Scopes 1, 2, 3

• Scope 1 emissions are direct emissions from company-owned and controlled resources.

• Scope 2 emissions are indirect emissions from the generation of purchased energy.

• Scope 3 emissions are all indirect emissions – not included in scope 2 – that occur in the value chain.

(Source: GHG Protocol)

 

 

About GeoPost/DPDgroup

DPDgroup is one of the world leading parcel delivery networks, aiming to be a reference in sustainable delivery and become a leading enabler of e-commerce acceleration.

We combine innovative technology and local knowledge to provide a flexible and user-friendly service for both shippers and shoppers.

With 120,000 delivery experts operating in nearly 50 countries, and a network of 70,000 Pickup points, we deliver 8.4 million parcels worldwide each day – 2.1 billion parcels per year – through the brands DPD, Chronopost, SEUR, BRT and Jadlog.

DPDgroup is the parcel delivery network of GeoPost. GeoPost posted sales of €14.7 billion in 2021. GeoPost is a holding company owned by La Poste Groupe.

 

 

[1] The target boundary includes land-related emissions and removals from bioenergy feedstocks

[2] Forklifts and trailer shunters   

[3] Business Units covered by the net-zero ambition: BRT (Italy), Chronopost (France), DPD Belgium, DPD Croatia  DPD Czech Republic, DPD Estonia, DPD France DPD Germany, DPD Hungary, DPD Ireland, DPD Latvia, DPD Lithuania, DPD Netherlands, DPD Poland, DPD Portugal, DPD Slovakia, DPD Slovenia, DPD Switzerland, DPD UK, SEUR (Spain).

Those Business Units represent 90% of GeoPost/DPDgroup’s revenue.