DSV Annual Report 2022
23
DSV Annual Report 2022 Financial and non-financial performance
= III
ESG performance
In 2022, we committed to an ambitious 2050 net-zero target, and we restated our 2019
baseline for CO2 emissions to now include GIL. We also completed our first global employee
engagement survey and updated our human rights assessment programme.
Performance on CO2 emissions
In 2022, we raised our ambitions and committed to reaching net-zero
carbon emissions across our operations by 2050, and we revised our 2030
emission reduction targets for scope 1 and 2. According to our revised
targets, we will reduce our scope 1 and 2 emissions by 50% by 2030
and our scope 3 emissions by 30%.
Scope 3
2019
Total Co₂ emissions ('000 tonnes)
Scope 1+2
2022 2021 Baseline
15,930 15,373 20,526
441
254 409
15,489 15,119 20,117
Carbon intensity - Co₂e (g/tonne-km)
Air transport
694.4
707.4
Sea transport
6.6
6.5
Road transport
97.5
98.7
739.5
6.3
98.1
Our total CO2 emissions in 2022 increased by 4% compared to 2021.
The increase was primarily due to the full-year effect from GIL, but this
was offset by declining volumes within air and sea due to the economic
slowdown in the second half of 2022. The growth in scope 1 and 2
emissions was also impacted by the growth in our Solutions division
and an increase in our own truck fleet.
Compared to the 2019 baseline - now including GIL - our total emissions
declined by 22%. The main reason for this was an overall decline in freight
volumes in the period. As volume growth is expected to return in the
coming years, we need to achieve lower carbon intensity per transport.
Carbon intensity has generally improved over the years as transport
equipment becomes more efficient enabling better utilisation of capacity.
For sea freight, carbon intensity saw a negative development in 2021 and
2022, mainly due to less slow-steaming in a period with port congestion
and tight capacity - we expect this situation to reverse in the coming
years as more capacity is added.
With our CO2 baseline in place, we are now working on a roadmap with
initiatives which over time can contribute to reducing our emissions
across all business areas. This includes the continued development of our
Green Logistics offerings, the use of sustainable fuels, pilots with electric
trucks, own production of energy and continued focus on optimising
our own buildings.
A business powered by people
We successfully integrated GIL in 2022. Across the organisation we
were able to retain the key GIL employees, which was very positive. In a
tight labour market we also achieved a relatively stable development for
existing DSV employees, and as a result, our employee turnover adjusted
for synergies was 22.1%. This was on level with last year and we estimate
that this is on level with our industry.
Promoting health and safety capabilities across the organisation is a key
priority for us in order to keep employees safe. It is reflected in our lost
time injury frequency rate, which this year dropped to 2.8 compared to
4.5 in 2021.
Conducting our business activities responsibly and applying strong ethical
standards is high on our agenda. This includes ensuring that we comply with
the latest human rights regulations, and in 2022 we developed a new and
improved Human Rights programme which will be fully rolled out in 2023.
Towards the end of 2022, we carried out a global engagement survey
across our organisation. The survey achieved a high response rate and
provided valuable feedback and insight on how we can make DSV an
even better place to work. The results of the survey are currently being
reviewed, and we look forward to addressing these findings over the
coming year.
Working with integrity
The DSV Code of Conduct forms our ethical foundation and guides our
principles, behaviour and culture. We conduct mandatory internal e-learning
modules every year, and in 2022, we achieved a 100% completion rate
among the employees assigned this year.
As freight forwarders, we depend on our suppliers who perform the trans-
port services. This year, we have implemented a new global third-party risk
management system, enabling us to improve our risk assessments, approval
and monitoring capabilities. In combination with new automated distribution
and sign-off capabilities of our Supplier Code of Conduct, these solutions
will help enforce our standards across our entire supply chain.
We will continue developing the new platform in 2023, improving our
supplier screening and evaluation capabilities.View entire presentation