China Post Group

China Post has not set any emissions reduction targets. The company should develop a target that aligns with its 1.5°C pathway. Additionally, China Post should set intermediate targets at gaps of no more than five years to incentivise near-term actions on a longer-term goal. The company should clearly report its base year emissions and any offsetting it intends to use to allow for a complete analysis of its targets and progress against them.

For China Post’s operations, no emissions intensity, emissions or fuel data was available. Without these data points, it is not possible to assess the company’s past alignment of emissions with its 1.5°C scenario pathway or to assess whether the company had remained within its past carbon budget and will do so in the future. The company does not disclose sufficient fleet information to meaningfully assess the share of low-carbon vehicles and energies in its operations. No strong evidence is available on the company’s plans to increase this share.

China Post does not have a low-carbon transition plan and there is no evidence that it uses climate scenario analysis in its business plans. The company has announced plans to reduce packaging and waste, increase the use of low-carbon vehicles and clean energy resources and finance low-carbon financial products. However, these plans could not be evidenced. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

China Post has not set any emissions targets. The company has not developed a vision of what its business will look like in a low-carbon future.

Although China Post has announced plans to manage its environmental footprint, these do not form a coherent transition plan and the company does not appear to be planning any change in its activities.

The company has a has announced increasing the use of low-carbon vehicles, however no related operational or financial target is disclosed. China Post invested USD 6.3 million in research and development (R&D) in 2020 but does not disclose what proportion of its R&D expenditure is invested in low-carbon vehicles and energies.

Insufficient emissions data was disclosed by the company to provide a meaningful assessment of its historic emissions intensity trend.

China Post has not developed a strategy to reduce emissions from its own operations or to support the development of technologies needed to decarbonise. There is no evidence that the company has integrated climate change into its business model.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.

No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks.

No public commitment by the company was found stating its intention to re- and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re- and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

No evidence of the company’s policies or commitments related to key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly remunerated and have a meaningful say in decision-making.

No policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.