It’s not easy for companies whose very business model depends on travel to reduce emissions, but FedEx Corp. (NYSE: FDX) says it will reduce CO2 emissions from its aircraft fleet by 20% and improve the efficiency of its vehicle fleet by 20% by 2020.
Since 2005, FedEx has reduced aircraft CO2 emissions 3.7% and improved vehicle fuel efficiency by 13.7%.
FedEx operates the largest fleet of commercial hybrid electric trucks in the transportation industry with more than 170 vehicles (that means the entire industry needs to do MUCH more). The vehicles improve fuel economy by 42%, while reducing emissions 25%.
They’ve worked to optimize delivery routes so that the most efficiently-sized vehicles are used for each route. About 25% of its fleet have converted to smaller, more fuel-efficient vehicles
They’ve also begun to upgrade their aircraft fleet to airplanes that reduce fuel consumption up to 36% while providing 20%percent more payload capacity. And over 30 initiatives, ranging from improvements in flight planning to aircraft operation efficiencies are making a difference.
FedEx Express and FedEx Freight operate three solar-powered facilities in California and FedEx Express recently broke ground for its largest solar-powered hub in Cologne, Germany, a 1.4 MW system.
2008 Global Citizenship Report:
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