DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF).
By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period.
|DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL|
The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express.
“We believe that corporate social responsibility and business success always go hand in hand. Globally, sustainability and environmental protection are important for all of us, including our customers,” Bernardo Bautista, General Director and Country Manager of DHL Express Vietnam said.
“With SAF as our key lever to effectively reduce carbon emissions, DHL Express is proud to be the first global express courier to enable our customers to do so. Our partnership with ACB will enable their customers to also make a direct contribution to climate protection.”
“ACB is providing international payment services with market-leading quality. We always want customers to enjoy more benefits when choosing ACB. With the GoGreen Plus partnership, ACB hopes to introduce a service that not only helps to add value for customers but also promotes the sustainable development spirit through the cooperation with DHL as well as our customers", emphasized Ngo Tan Long, Deputy General Director of ACB.
ACB has been the pioneering bank to integrate ESG-oriented sustainable development goals into its business strategy for many years. All of the bank's activities are aimed at striking a reasonable balance between short-term results and long-term sustainable development, as well as between revenue growth and value creation for stakeholders, thereby achieving comprehensive growth across all three E, S, and G criteria.
In 2022, the bank recorded that 93% of its employees were willing to implement ESG initiatives along with the bank, 215 tons of paper were saved and recycled through process digitalization, 32 tons of plastic were replaced with environmentally friendly materials, and 181 tons of CO2 were neutralized using recycled carpet materials.
Unlike offsetting initiatives, GoGreen Plus (insetting) reduces emissions within the logistics sector. It can be used for DHL customers’ own voluntary emission reporting and follows the Science Based Target Initiative (SBTi) philosophy.
Launched this year by DHL Express, GoGreen Plus leverages carbon insetting and Sustainable Aviation Fuel (SAF) which is generated from alternative feedstock with a superior sustainable energy profile, including used cooking oil, corn, waste, hydrogen, or CO2 synthesis. This contrasts with traditional, carbon-intensive jet fuels - or kerosene - that are derived from petroleum. SAF is currently the only scalable solution for the years to come, given that it is the only option for long-range flights.