Federal Bank Supports DHL Express India's 'Go-Green Plus' Campaign to Reduce Carbon Footprint

Federal Bank announce its latest environmental initiative in partnership with DHL Express India. Federal Bank has subscribed to DHL’s innovative ‘Go-Green Plus’ plan, a solution designed to significantly reduce the Bank’s carbon emissions associated with export and import document transport worldwide.

Johnson K Jose, Executive Vice President & Head-Operations commented, “This ‘Go-Green Plus’ service, introduced during the latest annual contract renewal with DHL, is a unique carbon-reduction program that aligns with the Bank’s Environmental, Social, and Governance (ESG) commitments. It utilizes Sustainable Aviation Fuel (SAF) to offset carbon emissions generated by courier services, a significant component of the Bank’s Scope 3 emissions.”

In 2023, Federal Bank reported a total of 18,473 metric tonnes of CO2e in Scope 3 emissions. The adoption of the ‘Go-Green Plus’ plan is a strategic move to address the emissions from couriers, parcels, and posts, which had not been reported previously. DHL’s data indicated that Federal Bank’s emissions from overseas couriers amounted to approximately 45 tonnes in the calendar year 2023. With the implementation of ‘Go-Green Plus’, these emissions are expected to reduce by 30% initially in CT24, with the potential for further reduction in the future.