DHL Group Welcomes SBTi's Strengthened Book-and-Claim Guidance for Transport Decarbonization

DHL Group, a global leader in logistics, has expressed its support for the revised guidance from the Science Based Targets initiative (SBTi) regarding the use of book-and-claim systems in corporate transport decarbonization. The updated version 2.0 of the SBTi Corporate Net-Zero Standard, released in May 2023, provides enhanced clarity and stringency in this area.

What are Book-and-Claim Systems?

  • Book-and-claim systems enable companies to purchase renewable energy or emissions reductions from third-party providers and apply them towards their own emissions reduction targets.
  • These systems are particularly relevant for companies with hard-to-abate emissions, such as those in the transport sector, which rely heavily on fossil fuels.

Key Changes in SBTi's Updated Guidance

  • Stricter eligibility criteria for book-and-claim systems, ensuring they contribute meaningfully to emissions reductions.
  • Clearer guidelines on the use of internal carbon pricing and offsetting mechanisms.
  • Emphasis on the importance of absolute emissions reduction targets, in addition to intensity-based targets.

By endorsing these updates, DHL Group signals its commitment to responsible climate action and alignment with the most rigorous sustainability standards. The revised SBTi guidance is expected to encourage more companies in the transport sector to adopt ambitious, science-based targets for their emissions reductions.