We are aiming to reduce our emissions as much as possible through to 2030, and to purchase carbon offsets for any remaining emissions from that date. For the FY19 year, the value of the fund will be nearly $1.5 million and will be used invest in technology and innovation projects which will lower our carbon emissions. purchasing voluntary carbon credits to offset our emissions). The annual fund value is linked to the cost of being carbon neutral now (i.e. This shows that we are serious about achieving our reduction goals. Secondly, we’ve created a decarbonisation fund to help drive emission reduction initiatives. We also believe it will drive innovation and efficiencies across our business. It’s an ambitious target, but we want to be leaders in this field and there are environmental, social and financial advantages in doing so. To ensure we are prepared and are ready to make the most of the transition to a low carbon economy we have taken a step up in our decarbonisation plans.įirstly we’ve set ourselves a goal to be carbon neutral from 2030. These might seem far enough away not to act but recent reports have shown the value of starting now, especially as the government starts to prepare the Zero Carbon Bill. And in the medium term, we can expect that there will be more disruption to our delivery networks from climate change-related weather events as well as changing customer preferences.

In the shorter term, we understand that we need to anticipate potentially higher fuel costs and other Emissions Trading Scheme related costs. Thinking ahead to these horizons, and the scale of change needed, we saw the need to start acting now. So that’s got us thinking of what we want NZ Post to look like in 180 years’ time, and what we want and hope the country will look like too – a thriving low carbon economy. But we also want to be a community and an environmentally sustainable company that’s here for at least another 180 years.

NZ Post has been an iconic part of the New Zealand landscape for almost 180 years and we’re proud of that. To do this – we need to consider the sustainability of our role in New Zealand. So how do we deliver on our purpose and continue to provide value to all our stakeholders which includes the physical delivery of products while reducing our carbon emissions? But as volumes grow this impacts our carbon emissions, as we need to put on more capacity – trucks, vans and planes, to deliver these goods. Our parcels business is enjoying unprecedented growth, and we’re excited about what the future holds. We also know New Zealanders are enjoying shopping online, as we are seeing a parcel volume growth at over 9 % per annum as Kiwis order more. One thing in common to all is sustainability and reducing carbon emissions. Our challenge is to deliver value to all our stakeholders and integrate what they care about into our business. We have a large group of stakeholders including our customers, people, shareholders and the communities in which we operate, each with their own requirements about what is important to them. Our Purpose at NZ Post is to ‘Deliver what people care about’.

Courier post