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PostNL borrows €300 million to finance green delivery projects

PostNL

PostNL has issued a new €300 million bond which will help it to reduce emissions through green delivery and logistics.

Due to be paid back in September 2026, the investment will help the company meet its sustainability goals. The 2030 goals will see PostNL reducing its total emissions, including direct and indirect emissions as well as emissions by delivery partners by 18% compared to 2017. It plans to reduce direct and indirect emissions by 60% compared to 2017 in the same period.

The company’s Green Bond Framework sets out areas which it will address to meet these goals. This includes green kilometres, where PostNL will aim to introduce emission-free shipping through alternatives to diesel such as electric vans and in the future, hydrogen vehicles.

PostNL will also invest in reducing emissions in its sorting centres, through solar panels and more efficient systems such as LED lighting. In addition, it will attempt to optimise routes, introduce smarter and more efficient packaging and developing returns services which reduce emissions.

The money will be allocated by a dedicated committee at PostNL.

PostNL said in its recent results that 51% of its revenue in the first half of the year related to ecommerce, totalling €695.15 million out of its total €1.37 billion in revenue. Volumes in its parcel division grew 13% in the second quarter compared to 2018.

The company said it would look to improve operational efficiency and expand its services, as well as saying it would open three new sorting centres this year.