16 DSV Sustainability Report 2022 ESG progress / Environment Decarbonising transport and logistics In 2022 we raised our ambitions and are now in the process of defining our path towards becoming net-zero by 2050. The steps to decarbonising our industry are not fully clear, but what is clear is that it requires changes and cooperation with customers, partners and other stakeholders. Several sustainable fuels and technologies are in the early stages of de- velopment, with policy and regulatory regimes varying from country to country. In addition, different sector-specific characteristics make it chal- lenging to outline a way forward. But we know that it requires collabora- tion, investment in new initiatives and integration into our operations to achieve our ambitions. We recognise the challenge our industry is facing, but it also represents an opportunity to be among the first players to take part in this transition. Delivering alternative transport solutions can help us achieve our targets and reduce the carbon footprint of our customers and suppliers. And it may also significantly benefit the financial results of our company. Facing an immature market with a high degree of uncertainty does not allow us to wait. We need to get started and find new ways of running our business enabling us to offer more sustainable services while also keeping an eye on improving the business case for all parts of the supply chain. Updating our near-term targets and committing to net-zero by 2050 To drive our progress a common goal is needed. Committing to Science Based Targets initiative serves this purpose. In 2022, we finished inte- grating GIL, and the additional scale impacted our transport data and carbon emissions. Achievements 2022 Set new science-based target baseline after integrating GIL in our 2019 baseline. Committed to being net-zero by 2050. Introduced a carbon pricing fee programme to raise a mini- mum DKK 1 billion over the next five years. Initiated several pilot tests and projects, preparing for future scalable and more sustainable projects. Adopted a Group-wide waste management policy to set new targets for waste reduction. Targets 2023 Continue with current reduction targets. Next phase of the Green Logistics programme to be initiated. Implement various new sustainable road transport modes. Roll out new Waste Management Policy and targets. Near-term target Reduce scope 1 and 2 emissions by 50% and scope 3 by 30% by 2030 (2019 baseline) Longer-term commitment Achieve carbon net-zero emissions by 2050 – aligned with the SBTi standard – across all three emission scopes.
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