FedEx aims for carbon-neutral ops by 2040
FedEx Corp, the multinational delivery services company, announced it’s goal to achieve carbon-neutral operations globally by 2040.
To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: Vehicle electrification, sustainable energy, and carbon sequestration.
This includes a pledge of $100 million to Yale University to help establish the Yale Centre for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions. Through these efforts, Yale scientists aim to create a portfolio of carbon removal strategies that have impacts on a global scale.
Key steps toward reaching the carbon neutral goal as mentioned by FedEx, include:
Vehicle electrification. By 2040, the entire FedEx parcel pickup and delivery (PUD) fleet will be zero-emission electric vehicles. This will be accomplished through phased programmes to replace existing vehicles. For example, by 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030.
Sustainable customer solutions. FedEx will work with customers to offer end-to-end sustainability for their supply chains through carbon-neutral shipping offerings and sustainable packaging solutions.
Sustainable fuels. FedEx will continue to invest in alternative fuels to reduce aircraft and vehicle emissions.
Fuel conservation and aircraft modernisation. FedEx will build on FedEx Fuel Sense initiatives designed to reduce fuel consumption in its aircraft. Since 2012, the FedEx Fuel Sense and Aircraft Modernisation programmes have saved a combined 1.43 billion gallons of jet fuel and avoided over 13.5 million metric tonne of carbon dioxide (CO2) emissions.
Facilities. FedEx will continue efforts to make its more than 5,000 facilities worldwide more sustainable through continued investments in efficient facilities, renewable energy, and other energy management programmes.
Written from a company news release.