DSV Panalpina commits to Science Based Targets initiative to lower CO2 emissions
DSV Panalpina says it has now committed to the Science Based Targets (SBT) initiative
DSV Panalpina says it has now committed to the Science Based Targets (SBT) initiative. Targets are currently being calculated and processed, and once approved by SBT, DSV Panalpina says it will work actively to manage and reduce its CO2 emissions through reduced energy use.
Scheduled for announcement in the first quarter of 2020, the specific targets will be in line with what climate science says is necessary to limit global warming to 1.5 degrees Celsius.
The Science Based Targets will specify how much and how quickly the global transport and logistics company needs to reduce emissions. The targets will serve as a baseline for the company's future sustainability efforts, both for the company's direct and indirect emissions, including subcontracted transports, a company statement said.
Group CSR senior director Jesper Petersen added: 'Once our targets are set and approved, every company and employee of the group will have to contribute to achieving them. We will have to start working in new ways and think innovatively in our collaboration with our business partners.'
The targets are also beneficial to the bottom-line: 'We can drive cost effectiveness by reducing energy cost,' said Group CSR director of sustainability Lindsay Zingg.
To achieve the targets and DSV Panalpina's ambitious agenda for the area, a sustainability team with eight dedicated resources has seen the light of day - bringing together staff from both Panalpina and DSV.