Company Profiles

TNT

The Netherlands

TNT's two business divisions, TNT Express and TNT Post, provide logistics and delivery services worldwide, as well as mail delivery services in The Netherlands. TNT incorporates environmental performance into its business strategy, and believes being the first major transport company to achieve zero emissions could provide a significant competitive advantage. TNT states that it will work toward this zero emissions goal by utilizing existing technologies, researching and piloting new fuels/technologies, and setting challenging CO2 reduction targets. To encourage environmental innovation and performance, a portion of top managers' salaries are directly linked to the environmental achievements of their respective business units. TNT provides driver training on techniques to maximize fuel efficiency, and equips vehicles with computers that measure fuel usage, which enables TNT to evaluate a specific driver's environmental performance. In cooperation with the United Nations Environment Program, TNT has developed a computer program for fleet managers to build the most appropriate "Clean Fleet" strategies by testing different driving variables and vehicle types. Portfolio 21 has asked TNT to expand its recently implemented initiatives that aim to reduce the environmental impacts associated with logistics, packaging, supply chain management, and procurement, and to provide transparent reporting on its accomplishments.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/30/07 and may not reflect current opinions or subsequent events.