Posted on July - 26 - 2011
FedEx measures up on its social, environmental goals
In its 2010 Global Citizenship Report, FedEx outlined substantial progress on goals of improving vehicle fuel economy 20 percent and reducing aircraft carbon dioxide emissions 20 percent by 2020pared to levels of 2005.
FedEx sprinted ahead last year in efforts to reduce its carbon footprint while delivering 8.5 million packages a day, thepany said Monday.
The FedEx 2010 Global Citizenship Report outlined substantial progress on goals of improving vehicle fuel economy 20 percent and reducing aircraft carbon dioxide emissions 20 percent by 2020,pared to benchmark year 2005.
Fuel economy, bolstered by a more efficient fleet, route optimization technology and driver training initiatives, is up 15.1 percent. FedEx said carbon dioxide emissions by the FedEx Express fleet are down 13.5 percent.
FedEx said its overall enterprise, which generated $39.3 billion in revenues in the fiscal year ending May 31, was directly or indirectly responsible for nearly 15.2 million metric tons of carbon dioxide emissions in 2010, a 7 percent drop from 2009.
Do the latest figures suggest it’s time to set higher goals?
“We continue to evaluate our goals on an ongoing basis, and are very encouraged by our progress,” said Mitch Jackson, FedEx Corp. vice president of environmental affairs. “It has been encouraging and inspiring to see our operations continue to achieve operational efficiencies sooner than anticipated.
“Our team members are bringing a whole new level of thinking to embedding sustainability within their operations.”
The report, available online at about.van.fedex/citizenship_report, also covers economics and access,munity and disaster relief and people and workplace.
Chairman, president and CEO Frederick W. Smith said, “We have amitment to people around the globe, amitment to use resources responsibly, to expand our capabilities wisely and well, and to help people, businesses andmunities thrive.”
FedEx made charitable contributions totaling 1.51 percent of pretax profits, a level that was flat with 1.5 percent in 2009 and thatpared favorably to a 2009 U.S. national corporate giving average of 1.12 percent.
Thepany has a policy not to put a dollar value on charity, which includes both cash contributions and donations of shipping services, spokeswoman Deborah Willig said.
FedEx sets aside space to transport 2,000 tons of cargo a year for charities. It moved 2,600 tons in 2010 because of needs associated with the Haitian earthquake and Gulf of Mexico oil spill.
The Citizenship Report’s workplace section explored diversity within a 290,000-member workforce and spending with minority-owned and small businesses.
The global workforce was 27.1 percent female, and women formed 21.7 percent of management ranks. In the United States, the workforce was 57 percent white, 25 percent African-American, 11 percent Latino, 4 percent two or more races, and 3 percent Asian.
Thepany said it spent $3.1 billion on minority, female-owned and small businesses.
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