FedEx Releases 2018 Global Citizenship Report
May 10 2018 - 10:30AM
Business Wire
Report Showcases How FedEx Multiplies
Opportunities
FedEx Corp. (NYSE: FDX) announced today the online release of
its 2018 Global Citizenship Report (GCR), which details how the
company connects the world responsibly and resourcefully. The
annual report includes updates on the company’s strategies, goals,
programs and progress in three key areas: Economy, Environment and
People. The report also includes statistics that track the progress
of the company’s citizenship goals in fiscal year 2017, which ended
on May 31, 2017.
“Repeatedly, customers tell us they want to do business with
companies who strive to make the world a better place,” said David
J. Bronczek, president and COO of FedEx Corp. “But even more
importantly, we believe it is our responsibility to set the
standard for what a good corporate citizen provides its team
members, customers and communities all over the world.”
Highlights from this year’s report include:
Economy-Multiplying Growth
FedEx exceeded $60 billion in revenues for the first time, a 20
percent increase over FY16. Through the success of the company’s
financial performance, FedEx created income and opportunities for
stakeholders including:
- $426 million in dividends paid to
shareowners
- More than $21 billion in salaries and
team member benefits
- More than $55 million invested in
corporate charitable contributions as part of FedEx Cares
The goal of the FedEx Cares global charitable giving program:
Invest $200 million in 200 communities by 2020 to create
opportunities and deliver positive change around the world. In just
the last two years, the company invested more than $101 million in
134 communities globally, which is more than halfway to the 2020
goal.
FedEx expanded its network of retail “Hold for Pick Up”
locations allowing the company to refine its e-commerce approach.
Eliminating the “last mile driven”—the difference between
delivering packages to multiple addresses compared to a central
location—could help avoid a projected 18,000 metric tons of carbon
dioxide equivalent (CO2e) emissions each year. That’s the
equivalent of the carbon emissions generated by more than 3,800
passenger cars driven for a year.
Environment-Multiplying Efficiencies
FedEx avoided more than 2.3 million metric tons of CO2e in total
from energy savings initiatives across the company through its
Reduce, Replace, Revolutionize approach.
“FedEx is committed to reducing the impact from our operations,
replacing assets that can be improved and revolutionizing our
operations by discovering and applying new, innovative technologies
and solutions,” said Mitch Jackson, chief sustainability officer,
FedEx Corp. “This strategy is key in helping us connect the world
responsibly and resourcefully—thereby multiplying opportunities
which deliver a positive impact for the communities where we work
and serve.”
FedEx also saved more than 177 million gallons of jet fuel in
FY17 through the aircraft fleet modernization and Fuel Sense
programs. 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 added nearly 300 electric vehicles to its fleet, bringing
the total number of EVs to more than 2,100. FedEx Freight also
announced plans to order 20 Tesla Semi fully-electric trucks.
People-Multiplying Potential
More than 425,000 team members around the world are united by
their commitment to the Purple Promise—to make every FedEx
experience outstanding. In return, the company provides team
members with a safe, inclusive work environment where everyone has
opportunities to grow and thrive. In FY17 the company:
- Retained 88 percent of its full-time
U.S. team members
- Provided an average of 19 hours formal
training per employee
- Contributed a total of $12.7 million in
tuition assistance to more than 5,600 employees
- Improved our preventable recordable
vehicle accident rate by 12 percent over FY16.
Thousands of FedEx team members volunteered their time and
talents in their own backyards. In FY17, volunteers served a total
of 111,200 hours, which is the equivalent of nearly 14,000
eight-hour days.
Awards & Recognition
- Fortune Magazine World’s Most Admired
Companies
- Fortune Magazine Best Workplaces for
Diversity
- Black Enterprise Top Companies for
Diversity
- Points of Light Civic 50 Most Civic
Minded Companies
- Solar Energy Industries Association Top
Corporate Solar Users in the U.S.
- CR Magazine 100 Best Corporate
Citizens
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 $64
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 more than 425,000 team members to remain "absolutely,
positively" focused on safety, the highest ethical and professional
standards and the needs of their customers and communities. To
learn more about how FedEx connects people and possibilities around
the world, please visit about.fedex.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180510005756/en/
FedEx Media RelationsRae Lyn Rushing,
901-434-5791rae.rushing@fedex.com
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