13 DSV Panalpina Corporate Responsibility Report 2020 Environment Calculating our baseline Our science-based targets aim to reduce our CO2 emissions by 2030 from a 2019 baseline year. To estimate the baseline, we took DSV’s total CO2 emissions in 2019 and added them to the CO2 emissions from Panalpina’s operations, the company we acquired during 2019. In addition, we adjusted our methodology (see page 38) before reaching our 2019 baseline of 16 million tonnes of CO2 emissions. transport. Other consequences of COVID-19 restrictions, including less business travel, also affected our CO2 emissions. Despite of COVID-19 restrictions, we also saw reductions in CO2 emissions resulting from energy efficiency improvements in our own facilities and through our partnerships with subcontractors to encourage the use of more fuel and energy efficient vehicles. Making progress in 2020 Detailed in our data summary on page 40 of the report, our total CO2 emissions in 2020 increased compared to previous years. The increase is due to the full year inclusion of Panalpina’s emissions compared to the reported figures in 2019, which only had four months included. In 2021, we expect increased CO2 emissions as shipping volumes rebound to pre-pandemic levels. We will remain focused on continuing our efforts to make energy efficiency improvements through the initiatives described in this chapter – and thereby working towards meeting our 2030 targets. However, if we compare the two full years of 2019 and 2020, we have made substantial progress towards our science-based targets in 2020 with a reduction on all three scopes. The year was significantly impacted by the COVID-19 restrictions which reduced shipping volumes in many industries, resulting in lower CO2 emissions from our subcontracted Scope 1 status 2019 baseline Scope 2 status 2019 baseline Scope 3 status 3% reduction in 2020 2030 target 40% 8% reduction in 2020 2030 target 40% 21% reduction in 2020 2019 baseline 2030 target 30%
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