CTT's sustainability strategy was reviewed, based on a stakeholder engagement exercise, which led to the updating of the analysis of materiality. We endorsed and transposed the UN Sustainable Development Goals into our management framework. And, as part of the review of the governance model, we created the Sustainability Committee, chaired by the CEO himself, responsible for defining the company's sustainability policy.
The ecological portfolio (green mail and eco direct mail), continued to gain momentum, having as a whole increased the mail volumes by 2.4% and the revenue by 3.9%. The weight of ecological purchases in total supplies reached 99.4%.
The insourcing of previously subcontracted routes and the operational start-up of Banco CTT led to a 2.8% growth in fuel consumption, compensated by decreases in electricity consumption, gas and heating/cooling. Continued reliance on 100% green electricity kept scope 1 and 2 emissions to +1.0%. Overall CO2 emissions (scope 1, 2 and 3) recorded a very significant reduction, -26.6%. New vehicles boosted CTT’s electric fleet, the largest at a national level, with 320 vehicles.
CTT has recorded the highest reduction of emissions of the postal sector at a worldwide level, -70% in scopes 1 and 2 (2015, baseline 2008). In the Carbon Disclosure Project (CDP) stock exchange rating, CTT has reached worldwide co-leadership of its sector, for the first time.
Source: CTT-Correios de Portugal