Environmental targets

What is a ‘science-based target’?

Targets adopted by companies to reduce GHG emissions are considered “science-based” if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.

Why does it matter to have targets that are approved by the Science Based Targets initiative?

Science-based targets build upon the expertise and rigor used to build international scientific consensus, combining it with a transparent approach to allocate a fair share of reductions to a company. This means that a business is now able to credibly demonstrate that it is doing its fair share in efforts to achieve the ambitions of the Paris Agreement. Other targets do not do this and therefore not in line with climate science and the Paris agreement.

What does scope 1, 2 and 3 emissions mean?

Scope 1 emissions are direct emissions from owned or controlled sources. This includes company facilities and company vehicles.

Scope 2 emissions are indirect emissions from the generation of purchased electricity, steam, heat or cooling.

Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions. Such as the extraction and production of purchased materials and fuels, transport-related activities in vehicles not owned or controlled by the reporting entity. 

How have the 2019 C02 emissions been measured?

In 2019, the Group’s total emissions amounted to 16 million tonnes CO2e. This includes full year emissions for both DSV and Panalpina. The emissions have been measured in line with the EcoTransIT methodology.