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  • Writer's pictureTeam CargoTalk

DHL Express signs GoGreen pact with Standard Chartered

DHL Express is building up its SAF operations with the signing of a partnership with Standard Chartered for its GoGreen Plus service, Yung Ooi, SVP, Commercial, Asia Pacific, DHL Express. The two companies have agreed to co-invest in SAF, allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with Verified Emission Reductions (VER) carbon credits.

“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 global express shipping more sustainable,” he said. 

The bank expects to see its own emissions reduce by up to 30 per cent in year one (against a 2019 baseline) with an expected incremental reduction of 7 per cent YOY from 2025. It estimates that 3,780 tonnes CO2e will be saved between 2024 and 2030.

Standard Chartered is the first bank to use the GoGreen Plus service globally, and has committed to net zero emissions in its own operations by 2025 and in its financed emissions by 2050, DHL Group stated. Standard Chartered will receive a monthly report on the carbon footprint of its shipments as part of GoGreen Plus.


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