11 DSV Panalpina Corporate Responsibility Report 2020 Environment Watch our CEO present our science-based targets Moving cargo and keeping supply chains flowing throughout the world has an impact on the environment. Whether the impact, including greenhouse gas emissions, are from our own operations or due to the activities of our subcontractors, we have a responsibility for measuring, disclosing, and reducing the impact where possible. Our business model is asset light, which means that the actual transport of the goods is performed by 3rd party subcontractors besides a small fraction that we transport ourselves. Therefore, we share responsibility for minimising the negative impact of transport with our suppliers and customers, and only by working closely with these stakeholders to implement smarter solutions and to choose greener options when economically feasible can we achieve our targets. In 2020, our Sustainability Board approved ambitious science-based targets for reducing our greenhouse gas emissions, and we have started several new initiatives to achieve these targets. Our goal is to continually improve our environmental performance, use resources responsibly, and collaborate with key stakeholders to find new ways of moving goods with less environmental impact. Achievements 2020 Approved sciencebased targets for lowering CO2 emissions by 2030 Partnered with leading Danish companies to develop sustainable fuel for road, maritime and air transport Initiated the green procurement project and developed new customer offerings Implemented EcoTransIT, a leading CO² reporting tool for customers – to launch in 2021 Enhanced our green buildings framework to reduce emissions from our own buildings Targets 2021 100% compliance to revised car emission policy Sort waste for recycling of paper, cardboard, and plastic on >80% of building floor area 40% reduction of scope 1 and 2 greenhouse gas emissions by 2030 30% reduction of scope 3 greenhouse gas emissions by 2030 2020 2021
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