CTT has developed its sustainability linked financing framework to further align its funding activities with its sustainability commitments. It hopes that the framework will display to its stakeholders its long-term sustainability strategy, with ESG one of the main pillars for its internal transformation and long-term growth. A core focus of CTT's ESG strategy is to reduce its greenhouse gas emissions. The company received approval from the Science Based Target Initiative (SBTi) for its target in 2017, which is the sustainability performance target (SPT) that the framework references. The target set in 2017 was adopted from that set by the International Post Corp. (IPC) for the wider sector. The company is now in the process of validating a newer target with the SBTi, given the initiative requires targets to be revalidated every five years. Therefore, this new target is not covered under this framework.