PostNL publishes second Green Bond Report
The Hague, the Netherlands, 15 April 2021 - Today, PostNL published its second Green Bond Report. This report provides investors and other interested parties with details on the use of proceeds and related expected environmental impact of the Green Bond (€300 million at a coupon of 0.625%, maturing in September 2026). The proceeds of the Green Bond are to be used to finance new and existing eligible green projects. This enables PostNL to contribute meaningfully to the United Nations Sustainable Development Goals ‘Decent work and economic growth’ and ‘Climate action’.
The eligible green projects focus on clean kilometres, sustainable buildings and innovation and efficiency.
During the six month reporting period (28 June 2020 – 31 December 2020), PostNL allocated €20 million of the Green Bond proceeds (7% of total net proceeds) to eligible green projects which brings the cumulative amount to €52 million (17% of total net proceeds). PostNL continued with the implementation of its strategic actions to combat climate change and work towards its long-term objective of emission-free last-mile delivery in the Benelux area in 2030.
In total, PostNL has invested in 1,287 new vehicles, of which 292 during the reporting period. Looking ahead, the company expects to expand testing with a variety of electric vehicles in the parcel delivery towards sustainable city logistics in the upcoming year. And we continue investigating other opportunities to accelerate the electrification of our fleet.
PostNL received BREEAM or similar certificates for eight sorting centres, of which four during the reporting period. PostNL expects to finalise the BREEAM NL In Use certification of the other sorting centres in 2021.
Based on planned investments, the majority of the remaining proceeds will be allocated to electrification of the fleet and investments in sustainable buildings.
About PostNL
We are PostNL, the mail and logistics solutions provider for all. With our mail and parcel deliverers who get everywhere, our 5,500 PostNL locations, 11.000 mail boxes and 517 automated parcel lockers, we are always nearby. We aim to be our customers’ favourite deliverer by making it as easy as possible for them to send and receive parcels and letters. Our over 35,000 people are right at the heart of society. On weekdays, we deliver an average 1.1 million parcels and 7.4 million letters across the Benelux region. Our focus is on quality for our customers, creating opportunities for our people and adding value for our stakeholders through growth, digitalisation and sustainability initiatives.
We optimise and support our physical networks by using smart digital solutions and launching new propositions that create value for our customers. We build long-lasting working relationships by acting as a good employer and client for everyone who works for and with us. To make our deliveries as sustainable as possible, we cover a lot of kilometres on foot or by bicycle or e-bike, provide innovative city logistics, use cleaner fuels, and use electric vans and light electric trucks. PostNL NV is a listed company with revenues of €3.1 billion in 2022, 61% of this derived from e-commerce. We provide deliveries of mail and parcels, logistics solutions for e-commerce, and cross-border solutions.