Cargo Breaking News
DHL Express is further building up its Sustainable Aviation Fuel (SAF) operations with the signing of a strategic partnership with international bank Standard Chartered for its GoGreen Plus service. The two companies have agreed to co-invest in SAF, allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with Verified Emission Reductions (VER) carbon credits. Standard Chartered is among the first banks to use the GoGreen Plus service globally, and has committed to net zero emissions in its own operations by 2025 and in its financed emissions by 2050, said DHL Group.
The bank expects to see its own emissions reduce by up to 30% in year one (against a 2019 baseline) with an expected incremental reduction of 7% year on year from 2025. It estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030.
Standard Chartered will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus and quarterly certification of the emission reduction achieved by an independent auditor.
“The partnership between Standard Chartered and DHL has been going strong for more than two decades. They were the first bank to adopt our GoGreen service in 2011 and are now working with us to make international express shipping more sustainable,” said Yung Ooi, senior vice president for commercial, Asia Pacific, DHL Express.
