FedEx wants to be carbon neutral by 2040. This requires a $2B investment in everything from electric cars to. energy-efficient buildings to deploying onsite green energy.
FedEx operates in more than 220 countries, territories, and has over 5,000 facilities. This includes air and ground hubs, local stations and freight service centers. FedEx places a high priority on efficiency and promotes it by promoting energy and facility design and construction. Sustainability throughout its supply chainSustainCase:
FedEx’s biggest step is to replace all of their delivery trucks with electric vehicles. It plans to invest in alternative fuels, reduce its aircraft fuel consumption, and power more of its operations using renewable energy. Customers will be able choose from more sustainable packaging.
Energy efficiency can save money. The FedEx’s use renewable energy achieves the same thing, and also reduces carbon emissions. FedEx is not only focused on its ground transport, but also its jets. It wants to increase the supply for alternative jet fuel by 30% to 2030.
What are its practical steps?
It is entering into long-term power purchase agreements with solar and wind developers to increase its use. This will allow it to purchase their output at a fixed cost. It has also installed solar systems on-site at certain sites.
FedEx GroundYou can also take advantage of utility vendor programs to complete lighting retrofit/building efficiency projects through negotiated utility prices and no upfront capital investment. SustainablePittsburgh. These projects reduce energy consumption, which results in a more efficient load profile for the utility and lower energy costs for FedEx Ground.
In 2017, it upgraded 28 facilities. FedExsave collectively helped all 28 facilities to be upgraded in 2017. SustainCase.
It adds that lighting retrofits at 1,085 facilities have helped to save more than 1 billion kWh of energy since 2007. FedEx Express also completed two more LEED-certified facilities within the U.S., bringing their total to 14 and covering a total area of 218,698 sq. meters.
Recycling and waste reduction are another important focus area that requires a lot more data collection. FedEx Ground combines information from all its facilities to enable it to make strategic decisions.
Fred Smith, FedEx’s chief executive, has announced a bold new goal for carbon-neutral global operations by 2040. Report on Governance, Social, and Environmental Report. To achieve this, we will concentrate on three key areas: vehicle electricty, sustainable energy, natural carbon sequestration, and vehicle electrification.
We have pledged substantial support to the Yale Center for Natural Carbon Capture to ensure truly sustainable air operations. This new center will accelerate research into carbon sequestration at large scales, with an initial focus being on offsets of current airline emissions.
How does it do?
Its motto is to Reduce, replace, and revolutionizeIts aviation and vehicle fleet, as well as its facilities and materials. It uses fewer fossil fuels, it claims. It notes that its path to carbon-neutrality includes a 30% drop in aviation carbon intensity and a 50% improvement of fuel efficiency in its ground transport. All its delivery vehicles will be replaced with electric vehicles.
Our team members’ leadership and vigilance allowed us to see an improvement in our efficiency in 2020, saving more jet fuel and avoiding more 1 million tonnes of CO2 equivalents. It has also reduced its aircraft emission by 27% since 2005.
It also purchased 18 new aircraft in 2020 and retired eight. It plans to buy 38 more aircraft by 2024. It is also investing heavily in alternative jet fuels. Red Rock Biofuels will supply low-carbon, renewable jetfuel. Red Rock Biofuels is one example of the investments it has made. It will use wood waste from the logging sector to convert it.
FedEx Express plans to increase vehicle fuel efficiency by half compared to a 2005 baseline, by 2025. And it seems that it will surpass that. It has improved its fuel efficiency by almost 45% since 2020. The company will electrify half of its vehicles by 2025 and all of them by 2030.
FedEx Express continues to acquire zero-emission vehicles through our agreement to buy 500 electric vehicles from General Motors BrightDrop. We remain committed to our goal of a zero emission future for our parcel (pickup) and delivery fleet, the report states.
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