FedEx Releases 2016 Global Citizenship Report
March 29 2016 - 10:00AM
Business Wire
Vehicle Fuel Efficiency Goal Reached Five Years
Early, More Than $1 Billion in Jet Fuel Saved
FedEx Corp. (NYSE: FDX) announced today the online release of
its 2016 Global Citizenship Report (GCR), which details the
company’s commitment to connect the world in responsible and
resourceful ways. The report includes annual updates on the
company’s environmental, community and economic development
initiatives.
Among the highlights of this report, FedEx Express announced
that it has surpassed its goal to boost vehicle fuel efficiency by
30%--some five years early. The company achieved the goal through
its “Reduce, Replace, Revolutionize” strategy:
- Reduce overall mileage by optimizing
routes
- Replace vehicles with more efficient
models
- Revolutionize the vehicle fleet with
alternative fuel vehicles
In addition, the report includes details of the FedEx Fuel Sense
program, which saved more than $1 billion in jet fuel since 2007
and avoided more than 4 million metric tons of carbon emissions.
The FedEx Fuel Sense team is charged with identifying efficiencies
across the company’s aviation operations. All team members who work
with aircraft are asked to adopt a fuel-efficient mindset and
search out innovative ways to help save fuel.
“FedEx is committed to being a positive force in the communities
we serve,” said Mitch Jackson, vice president of Environmental
Affairs and Sustainability, FedEx Corp. “This means advancing
programs that support the environment, improving the safety of our
streets and putting our global transportation network to work to
provide disaster relief where it’s needed most.”
Highlights from this year’s report include:
Community
FedEx invested more than $52 million in community programs in
FY15, focused on disaster relief and resilience, employment
opportunities for underserved youth, and safer and more sustainable
communities. The company also unveiled its new global giving
platform, FedEx Cares. FedEx also announced a commitment to invest
$200 million in more than 200 communities by 2020 to create
opportunities and deliver positive change around the world.
Economic Development
A diverse workforce, supplier base and culture enabled FedEx to
better serve customers. The company spent $6.7 billion with small,
women-owned and minority-owned suppliers. Customers who sought
information about the company’s corporate citizenship and carbon
emissions data as part of their purchasing process accounted for
$6.2 billion in FY15 revenue.
Environment
FedEx entered into an agreement with Colorado-based Red Rock
Biofuels to purchase alternative jet fuel made from wood waste.
Starting in 2017, FedEx will blend the first 6 million gallons of
this jet fuel at our Oakland hub, ultimately producing at least 48
million gallons over an 8 year term. The Solar Energy Industries
Association ranked FedEx 12th for generating capacity and 18th for
number of solar energy sites in this year’s “Solar Means Business”
report. Five new solar installations came online in FY15 bringing
the total to 15, helping avoid more than 4,600 metric tons of CO2e
emissions.
People
The company’s safety measures show continual improvement. In
FY15, the Lost Time Injury Rate (LTIR) improved by 4 percent. The
Preventable Recordable Vehicle Accident Rate improved by almost 6
percent.
Awards & Recognition
- Fortune Magazine World’s Most Admired
Companies
- Corporate Responsibility Magazine’s 100
Best Corporate Citizens
- Points of Light Civic 50: the 50 most
community-minded companies in the United States
- Hispanic Business Magazine’s “Best
Companies for Diversity Practices”
- Black Enterprise Magazine’s “40 Best
Companies for Diversity”
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $49 billion, the company
offers integrated business applications through operating companies
competing collectively and managed collaboratively, under the
respected FedEx brand. Consistently ranked among the world’s most
admired and trusted employers, FedEx inspires its 340,000 team
members to remain “absolutely, positively” focused on safety, the
highest ethical and professional standards and the needs of their
customers and communities. For more information, visit
news.fedex.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160329005246/en/
FedEx Media RelationsRae Lyn Rushing,
901-434-5791rae.rushing@fedex.com
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