Bonn, Germany — DHL Group said Tuesday it partners with Standard Chartered to invest in Sustainable Aviation Fuel (AF) to reduce CO₂ emissions in logistics.
SAF is seen as a critical element in reducing the aviation industry’s environmental impact, particularly as air travel is expected to grow in the coming years. While currently more expensive than conventional jet fuel, increased production and technological advancements are expected to bring costs down over time.
Air Travel
SAF is designed to reduce the carbon footprint of air travel by using renewable resources or waste materials as feedstocks. The production process of SAF involves converting these materials into a fuel that can be used in place of conventional jet fuel without requiring modifications to aircraft engines.
Reducing Emissions Right Off the Bat
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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SAF Usage
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.
Emission Reductions
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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