FedEx is committing to making its operations carbon neutral by 2040 – 10 years ahead of the Paris Climate Agreement deadline by accelerating emissions reductions through the application of technology and data.
At the pre-COP opening ceremony of the 28th United Nation Climate Change Conference (COP28), President-Designate Dr. Sultan Al Jaber highlighted the importance of openness, collaboration and inclusivity for the upcoming event which starts on November 30.
As one of the world’s largest express transportation companies operating in more than 220 countries and territories, FedEx sees sustainability through the lens of opportunity, growth and profitability.
Delivering a sustainable future is about finding sustainable solutions for growth. In the APEC Sustainable Futures Forum, FedEx Asia Pacific, Middle East, and Africa President Kawal Preet highlighted making supply chains smarter using data and digital can deliver a sustainable future for everyone in the value chain. She emphasises the importance of collaboration among organisations and government to enable impact at scale. It’s an important time to move from talk to action.
FedEx is investing $2 billion in decarbonisation in three major areas: electrifying its pickup and delivery (PUD) fleet, sustainable energy investments, and carbon sequestration:
- Pickup and Delivery Fleet Electrification: FedEx is using a phased approach to creating an all-electric global PUD fleet by 2040. Electric vehicles (EVs) will make up half of our pick-up and delivery vehicle purchases by 2025, rising to 100 per cent by 2030, and then by 2040 all PUD fleet are EVs.
- Sustainable Energy Investments: FedEx is reducing greenhouse gas emissions through renewable energy and efficiency projects at its facilities around the world. Twenty-nine facilities generated on-and off-site solar energy in FY 2022 for example. [1]
- Carbon Sequestration: FedEx helped establish the Yale Center for Natural Carbon Capture has invested $100 million in its efforts to develop better methods of carbon capture and storage, which will help offset aviation emissions.
Empowering SMEs to operate more sustainably is crucial to making progress in cutting scope 3 emissions in the supply chain. FedEx emissions calculator, FedEx® Sustainability Insights (FSI), helps achieve that by giving visibility on a customer’s carbon emissions impact at an account and package level, providing information and control they need to make smarter supply chain decisions.
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