SUSTAINABILITY FOR LONG-TERM SUCCESS
Businesses are increasingly expected to demonstrate sustainable conduct and transparency with regard to the associated opportunities and risks. And this is as it should be. Deutsche Post DHL Group has been reporting on sustainability since 2003.
Growing external requirements.
The concept of sustainability has come more sharply into focus for various reasons in recent years. Indeed, research on the topic is unequivocal: companies with a meaningful sustainability strategy are more successful in the long term than those without. Sustainability’s increasing importance is not least reflected in stricter requirements concerning non-financial reporting and a growing demand for information on the part of stakeholders.
We have long been aware of the importance of sustainability with regard to our business operations and have been reporting on the topic since 2003. As a logistics company, the impact our business has on the environment is a key topic. More than a decade ago, we started paving the way for sustainable logistics by introducing various climate and environmental protection measures. Since then, we have been measuring and managing our environmental KPIs across the Group through our financial systems – just as we do for revenue and EBIT – in order to effectively track the progress we are making in improving our carbon efficiency. Furthermore, we are continuously working towards integrating additional sustainability indicators into our standardized reporting.
Standards will ensure comparability.
Non-financial reporting is, however, still in its infancy in comparison to financial reporting. The varying information requirements of diverse stakeholder groups have given rise to a broad range of reporting standards. And as a result, definitive indicators to quantify the progress and impact of measures are yet to be established. For external users, such variability in reporting practices results in a lack of comparability across the industry.
Sustainability issues are becoming more tangible, the calls for comparability more emphatic. Indeed, the pressure is currently on at EU level to develop new guidelines. These are developments that we support as a sign of real progress. Clear, standardized requirements for all companies will ensure transparency and create a level playing field industry-wide. This in turn will allow investors, customers and (potential) employees to more consciously consider non-financial aspects and make more informed decisions.
Our sustainable investment approach.
We invest continuously in our workforce, infrastructure and fleets, focusing our efforts on technological advancement. By modernizing our fleets and buildings, we reduce emissions and energy consumption. Looking ahead, these will be important factors in helping us to remain an attractive employer and supplier and to be prepared for the effects of possible regulations such as a carbon tax. Deutsche Post DHL Group receives consistently positive ratings. As a result, our shares are included in a number of sustainability indices.
We are off to a good start. Together with our stakeholders, we will successfully continue to develop our sustainability agenda as we work to drive the development of our company in a sustainable way.
Board Member Finance