Global transport and logistics company DSV has launched a global funding programme to invest in organisational sustainability initiatives. The internal carbon pricing fee is charged to all DSV subsidiaries, and their contributions will be based on the level of CO2 emissions within their operations. The funds generated are used to invest in innovative programmes and projects to accelerate DSV’s emissions-reduction initiatives.
Jens Bjørn Andersen, Group CEO of DSV, explains why additional investment in green initiatives is so important for the industry: “The transport and logistics sector faces many challenges to achieving meaningful carbon emissions reductions. Today, many technological developments are still in their infancy, and there are limited carbon-neutral solutions available at scale. As a result, innovation will be key to realising the industry’s long-term decarbonisation ambitions. I hope that DSV’s carbon funding programme will play a role in exploring and developing possible solutions to these challenges,” he says.
New Technology and Innovation
As one of the world’s largest transport and logistics providers, DSV is committed to helping the industry transition closer to a carbon-neutral future. The company has set ambitious targets, including a promise of reaching net-zero emissions by 2050. As DSV works to achieve these sustainability ambitions, funding for testing and implementing new technologies, innovation, and more efficient transport solutions will be essential.
“To make a positive change and play a role in driving the green agenda within the transport and logistics industry, we need to scale up our ambitions and accelerate our sustainability initiatives. DSV’s new carbon funding programme will enable us to invest in various schemes, removing the need for a strong financial case to instead focus on projects that will result in meaningful CO2 reductions,” explains Jens Bjørn Andersen. He continues:
“This programme represents a necessary shift in DSV’s approach, which is essential as we continue to enhance our own sustainability practices. I’m very excited to see the impact of these investments and the resulting initiatives over the coming months and years.”
Through the new internal carbon pricing fee programme, DSV is expected to raise approximately DKK 1 billion for sustainable initiatives and innovation projects over the first five years.
First Round of Funding
With the programme in place and generating funds for the past six months, the first projects have been greenlit for investment. DSV has received several requests from across several divisions and countries, all at various stages of review and approval.
“It is very promising to see the high level of interest we have generated from the organisation in such a short timeframe. In addition to funding emissions-reduction initiatives, this programme also aims to increase awareness of the impact of our practices across our operations and to engage and incentivise the entire DSV organisation to support the green transition,” says Jens Bjørn Andersen, Group CEO, DSV.
The first project to receive funding is a small fleet of electric trucks, delivered at the start of 2024 and will support warehousing customers for local distribution from DSV’s facilities in Horsens, Denmark.
DSV has designed and implemented a process to ensure that all funding requests from countries are properly evaluated. This process is in place to verify that project requests are eligible for investment based on DSV’s criteria, which include requirements for all initiatives to have proven CO2 reductions.
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