1、2025 ANNUAL REPORTTHE NEXT STEPDiscover stories andinteractive features inthe online versionContentsThe Company3 Key Figures4 Editorial6 Boards and committees6 Members of and mandates held by the Board of Management8 Members of and mandates held by the Supervisory Board11 Report of the Supervisory B
2、oardCombined Management Report 18 Preliminary remarks19 General information19 Business model21 Express division23 Global Forwarding,Freight division25 Supply Chain division27 eCommerce division29 Post&Parcel Germany division31 Strategy33 Research and development34 Steering metrics38 Report on econom
3、ic position38 Overall assessment of the Board of Management39 Economic parameters40 Significant events41 Results of operations43 Express division45 Global Forwarding,Freight division46 Supply Chain division48 eCommerce division48 Post&Parcel Germany division50 Financial position55 Net assets57 Deuts
4、che Post AG(HGB)57 Deutsche Post AG as parent company57 Employees57 Results of operations58 Net assets and financial position60 Expected developments,opportunities and risks61 Group Sustainability Statement61 General basis(ESRS 2 BP-1 to BP-2)62 Sustainability in business conduct (ESRS 2 GOV-1 to GO
5、V-5)69 Strategy,business model,value chain,interests and views of stakeholders,and material impacts,risks and opportunities(ESRS 2 SBM-1 to SBM-3)76 Environment(ESRS E1)97 Own workforce(ESRS S1)112 Workers in the value chain(ESRS S2)115 Business conduct(ESRS G1)121 Entity-specific disclosure:Cyberse
6、curity124 Mandatory disclosures pursuant to ESRS 2130 Expected developments,opportunities and risks130 Forecast period130 Future economic prospects131 Expected developments133 Opportunity and risk management136 Opportunity and risk categories145 Internal control system147 Overall assessment of the B