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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

by ESG News


March 19, 2024

Share:

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Listen to this story:

Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits.

Standard Chartered is among first banks to use DHL’s GoGreen Plus service to help scale the use of sustainable aviation fuel

Partnership supports the bank’s sustainability ambitions by balancing emissions linked to its upstream logistics with high quality Verified Emissions Reductions carbon credits

DHL Express, the global market leader in international express shipping, has signed a strategic partnership with leading cross-border bank, Standard Chartered, for DHL Express’s GoGreen Plus service. Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO2 emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits. Starting January 1, 2024, Standard Chartered is among the first banks to use the DHL GoGreen Plus service globally.

The bank has committed to net zero in its own operations by 2025 and in its financed emissions by 2050. It is also innovating with partners to make its supply chain more sustainable. The DHL partnership is one example of this. Through cooperation with DHL, Standard Chartered is supporting the logistics provider to scale the use of SAF, which – compared with traditional jet fuel – can help to reduce lifecycle emissions of typical aviation fuel by up to 80 percent. In turn, it expects to see its own related emissions reduced by up to 30 percent in year one (against a 2019 baseline) with an expected incremental reduction of seven percent year on year from 2025. The bank estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030. It will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus and quarterly certification of the emission reduction achieved by an independent auditor.

Strong partnership for sustainable transport

“The partnership between Standard Chartered and DHL has been going strong for more than two decades. They were the first bank to adopt our GoGreen  service in 2011 and are now working with us to make international express shipping more sustainable,” explains Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express.

“The fact that we are offering the GoGreen Plus service through the use of SAF in our international network lays the foundation for this. We hope this agreement will inspire other companies to transition to low-emission transportation services using sustainable aviation fuel.“

 “As a leading provider of trade finance, our customers entrust us to handle their crucial trade & shipping documents to safeguard their business interests and ensure seamless transactional delivery“, says Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered.

“Whilst the digitization of trade documentation is progressing, through this agreement to scale the use of SAF with our logistics partner DHL Express, we will jointly drive down emissions that would otherwise be generated from this essential service. This is a win-win for our customers and in line with our own commitment to delivering net zero across Standard Chartered.“

Related Article: Formula 1® Aims for Net Zero by 2030 with DHL’s Enhanced Biofuel Fleet

Net-zero emissions by 2050 is the goal

In 2023, DHL Express launched the GoGreen Plus service, allowing customers to reduce the CO2e emissions associated with their air freight with the help of SAF. GoGreen Plus is made possible by three of the most significant SAF contracts with BP, Neste, and World Energy. SAF is made from alternative raw materials with a sustainable energy profile, including used cooking oil, waste and hydrogen. Conventional carbon-intensive aviation fuels or kerosene are derived from mineral oil.

GoGreen Plus is part of DHL Group’s goal to achieve net-zero emissions by 2050. The air freight network accounts for around 90 percent of the company’s carbon footprint, so sustainable air transportation solutions are crucial for greener logistics.

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Yung C. Ooi

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DHL ExpressThrough the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality…

The post Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel appeared first on ESG News.

]

Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel – ESG News

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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

Aviation

/

News

/

Sustainable Finance

/

Sustainable Supply Chain

/

Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

by ESG News


March 19, 2024

Share:

Share on Facebook

Share on Twitter

Share on LinkedIn

Listen to this story:

Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits.

Standard Chartered is among first banks to use DHL’s GoGreen Plus service to help scale the use of sustainable aviation fuel

Partnership supports the bank’s sustainability ambitions by balancing emissions linked to its upstream logistics with high quality Verified Emissions Reductions carbon credits

DHL Express, the global market leader in international express shipping, has signed a strategic partnership with leading cross-border bank, Standard Chartered, for DHL Express’s GoGreen Plus service. Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO2 emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits. Starting January 1, 2024, Standard Chartered is among the first banks to use the DHL GoGreen Plus service globally.

The bank has committed to net zero in its own operations by 2025 and in its financed emissions by 2050. It is also innovating with partners to make its supply chain more sustainable. The DHL partnership is one example of this. Through cooperation with DHL, Standard Chartered is supporting the logistics provider to scale the use of SAF, which – compared with traditional jet fuel – can help to reduce lifecycle emissions of typical aviation fuel by up to 80 percent. In turn, it expects to see its own related emissions reduced by up to 30 percent in year one (against a 2019 baseline) with an expected incremental reduction of seven percent year on year from 2025. The bank estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030. It will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus and quarterly certification of the emission reduction achieved by an independent auditor.

Strong partnership for sustainable transport

“The partnership between Standard Chartered and DHL has been going strong for more than two decades. They were the first bank to adopt our GoGreen  service in 2011 and are now working with us to make international express shipping more sustainable,” explains Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express.

“The fact that we are offering the GoGreen Plus service through the use of SAF in our international network lays the foundation for this. We hope this agreement will inspire other companies to transition to low-emission transportation services using sustainable aviation fuel.“

 “As a leading provider of trade finance, our customers entrust us to handle their crucial trade & shipping documents to safeguard their business interests and ensure seamless transactional delivery“, says Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered.

“Whilst the digitization of trade documentation is progressing, through this agreement to scale the use of SAF with our logistics partner DHL Express, we will jointly drive down emissions that would otherwise be generated from this essential service. This is a win-win for our customers and in line with our own commitment to delivering net zero across Standard Chartered.“

Related Article: Formula 1® Aims for Net Zero by 2030 with DHL’s Enhanced Biofuel Fleet

Net-zero emissions by 2050 is the goal

In 2023, DHL Express launched the GoGreen Plus service, allowing customers to reduce the CO2e emissions associated with their air freight with the help of SAF. GoGreen Plus is made possible by three of the most significant SAF contracts with BP, Neste, and World Energy. SAF is made from alternative raw materials with a sustainable energy profile, including used cooking oil, waste and hydrogen. Conventional carbon-intensive aviation fuels or kerosene are derived from mineral oil.

GoGreen Plus is part of DHL Group’s goal to achieve net-zero emissions by 2050. The air freight network accounts for around 90 percent of the company’s carbon footprint, so sustainable air transportation solutions are crucial for greener logistics.

Share:

Share on Facebook

Share on Twitter

Share on LinkedIn

Topics

DHL Express

ESG

ESG News

Khuresh Faizullabhoy

Standard Chartered

Sustainable Aviation Fuel

Yung C. Ooi

Related Articles

Google, Microsoft, and Nucor Join Forces to Accelerate Clean Electricity Future

ESG News •
March 19, 2024

JLL Report Reveals Tipping Point for Low-Carbon Buildings Demand in Sight

ESG News •
March 19, 2024

Chevron and JX Nippon Forge Partnership to Advance Carbon Capture and Storage Value Chain

ESG News •
March 19, 2024

Lower Snake River Dams Found to Generate Methane Emissions, Contrary to Clean Energy Assumptions

ESG News •
March 19, 2024

Mar

19

10:00 am – 11:00 am EDT

REDD+: Reduced Emissions or Distorted Decrease?

Mar

20

All day

International Day of Happiness

Mar

20

All day

French Language Day

Mar

21

All day

International Day for the Elimination of Racial Discrimination

Mar

21

All day

World Down Syndrome Day

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Today’s Top ESG Stories

Google, Microsoft, and Nucor Join Forces to Accelerate Clean Electricity Future March 19, 2024
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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel March 19, 2024
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Nestlé Steps Up Packaging Sustainability Efforts with 83.5% of Global Plastic Packaging Designed for Recycling March 18, 2024

ESG News Quote of the Day

You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.

Theodore Melfi, American filmmaker

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First Name

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Related Stories

Mytheresa and DHL Express Commit to Sustainability with Major Investment in Eco-Friendly Fuel

DHL signs 668 million liters of Sustainable Aviation Fuel deal to replace fossil jet fuel

DHL Express Invests $10M in Sustainable Solution for its U.S. Aviation Operations

DHL Express Helps Law Firm Linklaters Cut Carbon Emissions Using Sustainable Aviation Fuel

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DHL ExpressThrough the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality…

The post Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel appeared first on ESG News.

]

Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel – ESG News

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ESG NewsESG Business

SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion

Fils and Telr Partner to Drive Sustainability in Finance and Payments

ESG News
February 16, 2024

Deloitte Leads the Way in ESG & Sustainability Services, Verdantix Report Finds

ESG News
February 13, 2024

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ESG News
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ESG News
February 12, 2024

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ESG News
March 7, 2024

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ESG News
March 6, 2024

Apple Hit with Record €1.8 Billion Fine for Antitrust Violations in App Store Music Streaming Practices

ESG News
March 4, 2024

How AI is changing the Sustainability and Circularity in Fashion industry?

Riikka Olli
March 1, 2024

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ESG News
March 11, 2024

IBM Pledges $45 Million to Transform Urban Environments for Climate Resilience

ESG News
March 7, 2024

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ESG News
March 4, 2024

Italian utility A2A Invests $120 Million to Make Waste-to-Energy Plant More Sustainable, Cut Emissions

ESG News
February 27, 2024

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ESG News
March 19, 2024

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Tim Mohin
March 17, 2024

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ESG News
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ESG News
March 15, 2024

Canada Announces First Canadian Sustainability Disclosure Standards

ESG News
March 15, 2024

Ford, Other Industry Leaders Support Strengthened EPA Standards on Heavy-Duty Vehicle Emissions

ESG News
February 9, 2024

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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

Aviation

/

News

/

Sustainable Finance

/

Sustainable Supply Chain

/

Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

by ESG News


March 19, 2024

Share:

Share on Facebook

Share on Twitter

Share on LinkedIn

Listen to this story:

Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits.

Standard Chartered is among first banks to use DHL’s GoGreen Plus service to help scale the use of sustainable aviation fuel

Partnership supports the bank’s sustainability ambitions by balancing emissions linked to its upstream logistics with high quality Verified Emissions Reductions carbon credits

DHL Express, the global market leader in international express shipping, has signed a strategic partnership with leading cross-border bank, Standard Chartered, for DHL Express’s GoGreen Plus service. Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO2 emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits. Starting January 1, 2024, Standard Chartered is among the first banks to use the DHL GoGreen Plus service globally.

The bank has committed to net zero in its own operations by 2025 and in its financed emissions by 2050. It is also innovating with partners to make its supply chain more sustainable. The DHL partnership is one example of this. Through cooperation with DHL, Standard Chartered is supporting the logistics provider to scale the use of SAF, which – compared with traditional jet fuel – can help to reduce lifecycle emissions of typical aviation fuel by up to 80 percent. In turn, it expects to see its own related emissions reduced by up to 30 percent in year one (against a 2019 baseline) with an expected incremental reduction of seven percent year on year from 2025. The bank estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030. It will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus and quarterly certification of the emission reduction achieved by an independent auditor.

Strong partnership for sustainable transport

“The partnership between Standard Chartered and DHL has been going strong for more than two decades. They were the first bank to adopt our GoGreen  service in 2011 and are now working with us to make international express shipping more sustainable,” explains Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express.

“The fact that we are offering the GoGreen Plus service through the use of SAF in our international network lays the foundation for this. We hope this agreement will inspire other companies to transition to low-emission transportation services using sustainable aviation fuel.“

 “As a leading provider of trade finance, our customers entrust us to handle their crucial trade & shipping documents to safeguard their business interests and ensure seamless transactional delivery“, says Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered.

“Whilst the digitization of trade documentation is progressing, through this agreement to scale the use of SAF with our logistics partner DHL Express, we will jointly drive down emissions that would otherwise be generated from this essential service. This is a win-win for our customers and in line with our own commitment to delivering net zero across Standard Chartered.“

Related Article: Formula 1® Aims for Net Zero by 2030 with DHL’s Enhanced Biofuel Fleet

Net-zero emissions by 2050 is the goal

In 2023, DHL Express launched the GoGreen Plus service, allowing customers to reduce the CO2e emissions associated with their air freight with the help of SAF. GoGreen Plus is made possible by three of the most significant SAF contracts with BP, Neste, and World Energy. SAF is made from alternative raw materials with a sustainable energy profile, including used cooking oil, waste and hydrogen. Conventional carbon-intensive aviation fuels or kerosene are derived from mineral oil.

GoGreen Plus is part of DHL Group’s goal to achieve net-zero emissions by 2050. The air freight network accounts for around 90 percent of the company’s carbon footprint, so sustainable air transportation solutions are crucial for greener logistics.

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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

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Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel

by ESG News


March 19, 2024

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Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits.

Standard Chartered is among first banks to use DHL’s GoGreen Plus service to help scale the use of sustainable aviation fuel

Partnership supports the bank’s sustainability ambitions by balancing emissions linked to its upstream logistics with high quality Verified Emissions Reductions carbon credits

DHL Express, the global market leader in international express shipping, has signed a strategic partnership with leading cross-border bank, Standard Chartered, for DHL Express’s GoGreen Plus service. Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO2 emissions linked to its upstream logistics with high quality Verified Emission Reductions (VER) carbon credits. Starting January 1, 2024, Standard Chartered is among the first banks to use the DHL GoGreen Plus service globally.

The bank has committed to net zero in its own operations by 2025 and in its financed emissions by 2050. It is also innovating with partners to make its supply chain more sustainable. The DHL partnership is one example of this. Through cooperation with DHL, Standard Chartered is supporting the logistics provider to scale the use of SAF, which – compared with traditional jet fuel – can help to reduce lifecycle emissions of typical aviation fuel by up to 80 percent. In turn, it expects to see its own related emissions reduced by up to 30 percent in year one (against a 2019 baseline) with an expected incremental reduction of seven percent year on year from 2025. The bank estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030. It will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus and quarterly certification of the emission reduction achieved by an independent auditor.

Strong partnership for sustainable transport

“The partnership between Standard Chartered and DHL has been going strong for more than two decades. They were the first bank to adopt our GoGreen  service in 2011 and are now working with us to make international express shipping more sustainable,” explains Yung C. Ooi, Senior Vice President for Commercial, Asia Pacific, DHL Express.

“The fact that we are offering the GoGreen Plus service through the use of SAF in our international network lays the foundation for this. We hope this agreement will inspire other companies to transition to low-emission transportation services using sustainable aviation fuel.“

 “As a leading provider of trade finance, our customers entrust us to handle their crucial trade & shipping documents to safeguard their business interests and ensure seamless transactional delivery“, says Khuresh Faizullabhoy, Managing Director & Chief Operating Officer, Trade at Standard Chartered.

“Whilst the digitization of trade documentation is progressing, through this agreement to scale the use of SAF with our logistics partner DHL Express, we will jointly drive down emissions that would otherwise be generated from this essential service. This is a win-win for our customers and in line with our own commitment to delivering net zero across Standard Chartered.“

Related Article: Formula 1® Aims for Net Zero by 2030 with DHL’s Enhanced Biofuel Fleet

Net-zero emissions by 2050 is the goal

In 2023, DHL Express launched the GoGreen Plus service, allowing customers to reduce the CO2e emissions associated with their air freight with the help of SAF. GoGreen Plus is made possible by three of the most significant SAF contracts with BP, Neste, and World Energy. SAF is made from alternative raw materials with a sustainable energy profile, including used cooking oil, waste and hydrogen. Conventional carbon-intensive aviation fuels or kerosene are derived from mineral oil.

GoGreen Plus is part of DHL Group’s goal to achieve net-zero emissions by 2050. The air freight network accounts for around 90 percent of the company’s carbon footprint, so sustainable air transportation solutions are crucial for greener logistics.

Share:

Share on Facebook

Share on Twitter

Share on LinkedIn

Topics

DHL Express

ESG

ESG News

Khuresh Faizullabhoy

Standard Chartered

Sustainable Aviation Fuel

Yung C. Ooi

Related Articles

Google, Microsoft, and Nucor Join Forces to Accelerate Clean Electricity Future

ESG News •
March 19, 2024

JLL Report Reveals Tipping Point for Low-Carbon Buildings Demand in Sight

ESG News •
March 19, 2024

Chevron and JX Nippon Forge Partnership to Advance Carbon Capture and Storage Value Chain

ESG News •
March 19, 2024

Lower Snake River Dams Found to Generate Methane Emissions, Contrary to Clean Energy Assumptions

ESG News •
March 19, 2024

Mar

19

10:00 am – 11:00 am EDT

REDD+: Reduced Emissions or Distorted Decrease?

Mar

20

All day

International Day of Happiness

Mar

20

All day

French Language Day

Mar

21

All day

International Day for the Elimination of Racial Discrimination

Mar

21

All day

World Down Syndrome Day

View Calendar

Today’s Top ESG Stories

Google, Microsoft, and Nucor Join Forces to Accelerate Clean Electricity Future March 19, 2024
JLL Report Reveals Tipping Point for Low-Carbon Buildings Demand in Sight March 19, 2024
Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel March 19, 2024
Oracle Empowers Businesses with Enhanced Sustainability Management in Cloud EPM March 19, 2024
Nestlé Steps Up Packaging Sustainability Efforts with 83.5% of Global Plastic Packaging Designed for Recycling March 18, 2024

ESG News Quote of the Day

You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.

Theodore Melfi, American filmmaker

Tweet

ESG News Daily Newsletter
First Name

Last Name

Email address:

Leave this field empty if you’re human:

Related Stories

Mytheresa and DHL Express Commit to Sustainability with Major Investment in Eco-Friendly Fuel

DHL signs 668 million liters of Sustainable Aviation Fuel deal to replace fossil jet fuel

DHL Express Invests $10M in Sustainable Solution for its U.S. Aviation Operations

DHL Express Helps Law Firm Linklaters Cut Carbon Emissions Using Sustainable Aviation Fuel

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