DSV, a global transport and logistics company, has launched a global funding programme to invest in sustainability initiatives across the organisation.
More specifically, the internal carbon pricing fee is charged to all DSV subsidiaries, and their contributions will be based on the level of CO2 emissions within their operations. The funds generated are being used to invest into innovation programmes and projects to accelerate DSV’s emissions-reduction initiatives, according to the company’s statement.
In particular, DSV has set ambitious targets, including net-zero emissions by 2050. According to the company, it is expected that DSV will raise approximately US$144.4 billion for sustainable initiatives and innovation projects over the first five years.
At this moment, the first projects have now been greenlit for investment. From across a number of divisions and countries, DSV has received several requests, all at various stages of review and approval.
“It is very promising to see the high level of interest that we have generated from the organisation in such a short timeframe. In addition to funding emissions-reduction initiatives, this programme also aims to increase awareness of the impact of our practices across our operations and to engage and incentivise the entire DSV organisation to support the green transition,” commented Jens Bjørn Andersen, CEO of DSV.