Canada’s mail and parcel delivery company Canada Post announced today a series of environmental sustainability commitments, aligned with its net zero goals. The announcement includes plans to invest $1 billion to cut emissions and transition its 14,000 vehicle fleet to non-emitting fully electric vehicles by 2040.

Cheryl Hodder, Chief Sustainability and Legal Officer said:

“Our climate commitments address Canada Post’s national operations from all angles. We’ll transform our fleet to electric, retrofit our buildings, build net-zero carbon buildings, and source renewable energy for our real estate and operations.”

Canada Post’s climate goals include commitments to reduce Scope 1 and 2 GHG emissions by 50% by 2030 against 2019 levels, and to reach net zero emissions by 2050. The 2030 target is built to meet the 1.5 C pathway of the Science-Based Targets initiative (SBTi), which aims to limit global warming to 1.5°C above pre-industrial levels. Canada Post stated that the target will be submitted for approval to the SBTi. The company also unveiled an interim target to reach a 50% electric fleet by 2030.

Doug Ettinger, President, and CEO, said:

“We have a responsibility to Canadians, and to their children and grandchildren, to help lead the way to a more sustainable future. Canada Post has one of the biggest fleets in the country, over 68,000 employees, a significant real estate portfolio, and an extensive supply chain. The challenge ahead is great, and we know the greening of our transportation is critical. That’s why we’ve committed to net-zero operations and a fully electric fleet by 2040.”

The company has also recently unveiled plans for a $470 million net zero parcel sorting facility with the capacity to process 1 million packages a day, which is planned to open in 2023.