The world’s largest logistics company, Deutsche Post DHL is to invest €7 billion over the next 10 years in reducing its global carbon emissions.

The money is to go into alternative aviation fuels, expanding its zero-emissions vehicle fleet and to reduce the emissions of its buildings. It is committed to reduce its greenhouse gas emissions in line with the requirements of the Paris Climate Agreement.

In addition, at the next AGM the board of management is to propose to shareholders that the remuneration system for the board will be more closely tied to its environmental, social and governance (ESG) goals, to incentivise sustainability at the top level of the organisation.

“As the world’s largest logistics company, it is our responsibility to lead the way and guide the logistics industry into a sustainable future. We are turning our yellow group into a green company and making an important contribution to our planet and society,” said Frank Appel, CEO of Deutsche Post DHL Group. “I am convinced that by focusing even more on our ESG goals, we will remain the first choice for customers, employees and investors – and thus lay the foundations for long-term economic success.”