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FedEx Announces Plan to Cut CO2 Emissions by 50%
Over the years, global logistics company FedEx has been doing everything it can to reduce the carbon emissions of its massive fleet. The company has done everything from implementing carbon offset programs to utilizing electric vehicles. One of the company’s boldest moves was in 2008, when it announced that it would aim to reduce carbon emissions from its aircraft and improve the fuel efficiency of its vehicle fleet by 20 percent by 2020. Now, just four years later, FedEx has done so well that it has almost achieved these goals already. So today the company announced a revised, more aggressive target of 50%!
The announcement was made in the company’s fourth annual Global Citizenship Report, in which Mitch Jackson, staff vice president of Environmental Affairs and Sustainability, FedEx Corp said: “FedEx is dedicated to providing sustainable solutions for our customers. This year’s Global Citizenship Report showcases our tireless efforts to maximize our efficiency while advancing our commitment to connect the world in responsible and resourceful ways.”
Since 2008, FedEx has cut its aircraft emissions by an impressive 13.8% and improved vehicle fuel efficiency by 16.6% at the end of its fiscal year 2011. As such, the company feels that reducing aircraft emissions goal by up to 50% is an achievable goal. The company has also reaffirmed its commitment to sourcing at least 30% of its jet fuel from alternative fuels by the year 2030.
Among FedEx’s eco-achievements are its Fuel Sense initiative and its innovative “Reduce, Replace, Revolutionize” approach to network management. This includes replacing all of its less-efficient 727s with more fuel-efficient and greater payload 757 aircraft. There are also plans to introduce the new Boeing 767 aircraft into its fleet in 2013, which will further contribute to its ability to meet the newly-revised aircraft emissions intensity reduction target. Other achievements include deploying all-electric commercial vehicles all around the world and increasing their recycling efforts, which has seen the collection of 47.9 million pounds of recyclable waste in 2011 alone. Here’s hoping other logistical firms follow suit.
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