DSV Panalpina

Air Freight & Logistics

DSV.CO

DKK 1,316 1.2

Share price

$ 39 bn

Market Cap

$ 43 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.3x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -8% weighted average for S&P 500

FY2023

DSV Panalpina aims to reduce Scope 1 + 2 by 40% by 2030 from a base year 2019

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Stronger than the -6.2% weighted average for S&P 500

FY2023

DSV Panalpina aims to reduce Scope 3 by 30% by 2030 from a base year 2019

<2°C

GHG emissions and Carbon intensity

DSV Panalpina reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 441 Kt (+187/+74% y-o-y). Carbon intensity also skyrocketed to 13 t (+4.5/+52% y-o-y).

DSV Panalpina's Scope 3 emissions climbed to 15,489 Kt (+2,965/+24% y-o-y). The growth accelerated relative to the long-term trend (+14% CAGR) observed since 4Q'17.

The company is committed to reducing Scope 1 + 2 by 40% by 2030 from a base year 2019, which translates into the estimated reduction of -43 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -1,172 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	441	215	226	15,489	33,429	13
2021Q4	254	135	119	12,524	29,092	8.7
2020Q4	178	80	98	11,287	18,230	9.8
2019Q4	159	74	85	8,728	14,247	11
2018Q4	139	61	78	8,010	12,532	11
2017Q4	136	58	78	7,050	11,373	12
2016Q4	146	59	87	7,438	10,031	15