Project Details
Project
Deutsche Post DHL Group Sustainability-Linked Finance Framework Second-party Opinion (2022)
Client
Deutsche Post DHL Group
Project Type
Sustainability Linked Bond or Note
Industry Group
Commercial Services
Use of Proceeds
N/A
Location
Germany
Evaluation Date
Nov 2022
Evaluation Summary
Sustainability-Linked Bonds
Sustainability-Linked Bond Principles 2020
Overview of KPIs and SPTs:
| KPIs | Strength of the KPIs | SPTs | Ambitiousness of SPTs |
| KPI 1: Absolute scope 1 and 2 GHG emissions (million tonnes of CO2e) | Very Strong | SPT 1: Reduce absolute scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 baseline | Highly Ambitious |
| KPI 2: Absolute scope 3 GHG emissions (million tonnes of CO2e) | Very Strong | SPT 2: Reduce absolute scope 3 GHG emissions from fuel- and energy-related activities, upstream transportation and distribution, and business travel by 25% by 2030 from a 2021 baseline | Ambitious |
Climate Transition Finance Handbook
Sustainalytics has evaluated Deutsche Post DHL Group’s transition governance, strategy, decarbonization targets, and intentions to report on transition progress and finds Deutsche Post DHL Group to be aligned with the recommendations of the Climate Transition Finance Handbook 2020. Deutsche Post DHL Group has set medium- and long-term absolute emissions targets that are environmentally material to its business operations. Deutsche Post DHL Group’s scope 1 and 2 emissions target has been validated and approved by the Science Based Targets initiative (SBTi) as aligned with its 1.5°C decarbonization pathway. Deutsche Post DHL Group also aims to achieve net zero in scope 1, 2 and 3 emissions by 2050. Deutsche Post DHL Group has established dedicated teams to monitor and manage its decarbonization strategy and has committed to disclose its capex and opex investments as well as the climate-related outcomes of its transition strategy.