FedEx aims for carbon-neutral ops by 2040
POWER & RENEWABLE ENERGY

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.

Image Source

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. Image Source

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?