Final reporting period
1 January - 31 December 2025
Contents
- Introduction 2
- Allocation reporting 3
- Impact reporting 4
- Executive summary 5
-
Sustainable development at PostNL 6
Value creation and strategy 6
Sustainability approach 6
Green Bond Framework 7
Green Bond Committee 7
Use of proceeds in this report 10
- Net-zero by 2040 12
-
Basis of preparation 13
Reporting principles 13
Reporting criteria 13
Safeguarding report quality 13
- Assurance report of the independent auditor 15
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Introduction
This Green Bond Report provides investors and other interested parties with details on the use of proceeds and related expected environmental impact of the €300,000,000 0.625% Eurobond (ISIN XS2047619064) issued by PostNL in September 2019 and maturing in September 2026 (hereafter referred to as the Green Bond).
This is the seventh and final Green Bond Report for this bond and includes allocation of proceeds in the reporting period 1 January 2025 until 31 December 2025. 100% of the net proceeds have been allocated; no further allocations will be made under this Green Bond. For more information, we refer to the prospectus and Green Bond Framework published on our website. Previous Green Bond reports are also available on our website.
PostNL Reporting schedule
Report Start End Rationale
The Green Bond was issued under the PostNL Green Bond Framework dated July 2019. The framework aligns with the four core components of the International Capital Market Association (ICMA) Green Bond Principles 2018. The framework sets out details about the rationale, monitoring and reporting of proceeds.
Sustainalytics provided a second-party opinion on our framework in August 2019 and confirmed that the setup meets generally accepted criteria for green bonds.
PostNL started reporting quantitative financial information about sustainable activities in our 2021 Annual Report in accordance with the EU Taxonomy on sustainable activities. This Green Bond Report has been prepared in conformance with the PostNL Green Bond Framework. Due to the differences between the criteria for this report and the EU Taxonomy, the quantitative information presented in this report cannot be associated with the numbers presented in the EU Taxonomy disclosures in our 2025 Annual Report.
1
2
3 and subsequent
27 June 2020
31 December 2020
31 December
23 September 2019
28 June 2020
1 January
Publication within one year of issuance of the Green Bond; cut-off moment aligned with second quarter financial closing Intermediate report to harmonise the annual Green Bond reporting period with the annual financial reporting period, starting 2021 Green Bond reporting aligned with annual financial reporting
"Sustainability is embedded in our core decision-making and supports efficiency, resilience and longterm value creation."-
Allocation reporting
This chapter provides an overview of the allocation of proceeds to eligible green projects until 31 December 2025, as well as the proceeds allocated during the reporting period of this report. Due to the confidential character of individual eligible projects, we disclose our allocation reporting on a portfolio level, which is in line with our Green Bond Framework.
PostNL Allocation of proceeds to eligible green projects
Period
Net proceeds (€ million)
Unallocated
Allocated
Cumulative
300
0
300
PostNL Allocation of proceeds to eligible green projects per category
Period
Clean kilometres
Sustainable buildings
Innovation and efficiency
Total
Invested total (in € million)
81
218
2
300
27 %
72 %
1%
100 %
Invested in reporting period (in € million)
14
7
0
21
66 %
34 %
0 %
100 %
Period Re-financing
New
Invested total 64 %
36 %
Invested in reporting period 0 %
100 %
PostNL Allocation of proceeds to eligible green projects, new and refinancing
In 2025, part of the proceeds of the Green Bond was allocated to the investments in sustainable buildings and to the investments in fleet electrification, amounting to slightly more than €21 million. Accordingly, for the changes in the reporting period, we exclusively report on the proceeds and impacts of the additional investments made in 2025 that were allocated to the Green Bond. These proceeds and impacts, together with those reported in prior years, are reflected in our cumulative figures.
Impact related to investments in other categories in 2025 is not included in this report, as these investments were not allocated to the Green Bond and exceed the available net proceeds.
- Impact reporting
This chapter provides an overview of the expected impact of proceeds allocated to eligible green projects until 31 December 2025. Due to the confidential character of individual proceeds, we disclose our allocation reporting on a portfolio level.
PostNL Impact project category Clean kilometres
Indicator | Definition | Total | Change in reporting period | |
Output | Number of zero-emission vehicles deployed | 5,028 | 108 | |
Impact | Annually avoided carbon emissions (in tCO2) | 12,602 | 692 |
PostNL Impact project category Sustainable buildings
Indicator | Definition | Total | Change in reporting period1 | |
Output | Number of buildings with relevant certifications | 32 | 1 | |
Relative energy efficiency improvement from LED lighting | 55% | 0% | ||
Relative carbon intensity improvement from cooling and heating systems | 34% | 0% | ||
Impact | Expected relative improvement of energy efficiency of newly certified buildings kWh/m2 compared to conventional buildings | 58 % | 80 % | |
Annually avoided carbon emissions (in tCO2) from LED lighting | 650 | 0 | ||
Annually avoided carbon emissions (in tCO2) from cooling and heating systems | 550 | 0 |
PostNL Impact project category Innovation and efficiency
Indicator | Definition | Total | Change in reporting period | |
Output | Produced renewable electricity (MWh) from solar panels | 1,780 | 0 | |
Impact | Annually avoided carbon emissions (in tCO2) | 708 | 0 |
1 The percentage of energy efficiency and carbon intensity only relate to the additional assets in 2025.