Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered and Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express (from left to right)Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered and Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express (from left to right)

Bonn, Germany — DHL Group said Tuesday it partners with Standard Chartered to invest in Sustainable Aviation Fuel to reduce CO₂ emissions in logistics.

In the first year alone, Standard Chartered anticipates a reduction of its own related emissions by up to 30% against a 2019 baseline. From 2025 onwards, the bank expects an additional annual reduction of 7%. This endeavor could result in a substantial cumulative reduction, with an estimated 3,780 tonnes of CO2 equivalent projected to be saved between 2024 and 2030.

DHL快递与渣打银行合作投资可持续航空燃料

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As part of the GoGreen Plus service, this strategic collaboration marks a pivotal step for both organizations in their environmental commitments.

Standard Chartered pledged to achieve net-zero emissions in its operations by 2025 and in its financed emissions by 2050.

The new partnership with DHL Express exemplifies the bank’s innovative approach to making its supply chain more sustainable.

Through this alliance, Standard Chartered will contribute to DHL’s expansion of SAF usage.

SAF, known for reducing lifecycle emissions of aviation fuel by up to 80% compared to traditional jet fuel, is a cornerstone in this joint effort.

As part of the GoGreen Plus service, Standard Chartered will receive monthly reports detailing the carbon footprint of its shipments, offering transparent tracking of its sustainability progress. Additionally, an independent auditor will provide quarterly certification of the emission reductions achieved, ensuring accountability and validation of this pioneering environmental initiative.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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