Achieves 37% reduction in carbon emissions since 2009
FedEx Corp. has announced the online release of its 2019 Global Citizenship Report (GCR), which details how the company connects the world responsibly and resourcefully.
The 11th annual report includes updates on the progress of the company’s citizenship goals in FY18, which ended on May 31, 2018, and focuses on the company’s corporate social responsibility strategies in three key areas: Company (Economy), People, and the Environment.
FedEx multiplies opportunities using our vast network reaching more than 99 per cent of the world’s GDP, while creating growth for customers, greater potential for our people and efficiencies for the environment.
Said Mitch Jackson, chief sustainability officer, FedEx Corp.: “We constantly strive to be a better corporate citizen while setting the standard for what it means to deliver positive impact for our team members, customers and communities around the world.”
In FY18, FedEx exceeded $65 billion in revenues, a 9 per cent increase over FY17, and climbed to number 50 on the Fortune 500 list of U.S. companies.
FedEx created income and opportunities for stakeholders including $4.2 billion committed to team members and hub modernization following the U.S. Tax Cuts and Jobs Act, $535 million in dividends paid to shareowners, and $2.25 million contributed to support Global Entrepreneurship Programs.
FedEx also expanded the company’s retail networks to give customers more options to pick-up, ship or have packages held, including at 5,000 locations across Hong Kong and Taiwan.
In the U.S., 80 per cent of the population is within five miles of a FedEx hold location.
Key elements of Fedex’s corporate social responsibilitystrategy include environmental efficiency innovations, a sustainable supply chain, a diverse and inclusive workplace, and the robust giving and volunteering platform known as FedEx Cares.
The company is ahead of plan for its FedEx Cares goal of investing $200 million in more than 200 global communities by 2020.
There would be no FedEx without the efforts of the company’s 450,000 team members around the world, which is why the company strives to provide team members with a safe, inclusive work environment.
FedEx recently announced a partnership between FedEx Express and The University of Memphis that will allow the 11,000+ employees of the Memphis World Hub the chance to earn a tuition-free, fully-online degree.
FedEx has made great strides in reducing its carbon emissions intensity through the company’s Reduce, Replace, Revolutionize strategy.
Overall, these efforts have contributed to a 37 percent reduction in CO2 emissions intensity on a revenue basis across the enterprise since FY09, a period in which revenue grew by 84 percent.
FedEx avoided more than 2.7 million metric tons of CO2e from fuel and energy saving initiatives last fiscal year alone.
The company’s goal to obtain 30 percent of jet fuel from alternative fuels by 2030 also reached a milestone.
Also in FY18, the ecoDemonstrator, a Boeing 777F built for FedEx Express, became the first FedEx plane to fly 100 per cent on biofuel during a short-term period that also tested and gathered data on 35 new technologies.