FedEx has set out plans for its entire parcel pickup and delivery (PUD) fleet to be zero-emission by 2040.
The target is part of its goal to achieve carbon-neutral operations globally by 2040 which, alongside vehicle electrification, will also be achieved by the use of sustainable energy and carbon sequestration.
Its work on vehicle electrification 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. This will mean its entire on-the-road PUD fleet will be zero-emission by 2040.
FedEx will also continue to invest in alternative fuels to reduce aircraft and vehicle emissions.
Its work on sustainable energy will include offering customers end-to-end sustainability for their supply chains through carbon-neutral shipping offerings and sustainable packaging solutions.
FedEx will also 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 programs.
The focus on natural carbon sequestration will see FedEx funding help to establish the Yale Center for Natural Carbon Capture to support applied research into natural carbon sequestration solutions.
“We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, chairman and CEO, FedEx Corp. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”
