FedEx Releases 2017 Global Citizenship Report
April 11 2017 - 10:30AM
Business Wire
New Vehicle Fuel Efficiency Goal Set
FedEx Corp. (NYSE: FDX) announced today the online release of
its 2017 Global Citizenship Report (GCR), which details how the
company connects the world responsibly and resourcefully. The
annual report includes updates on the company’s strategies, goals,
programs and progress in three key areas: Economy, Environment and
People. The report also includes statistics that track the progress
of the company’s citizenship goals in fiscal year 2016, which ended
on May 31, 2016.
Highlights from this year’s report include:
Economy
FedEx invested more than $46 million in 97 global communities in
FY16 as part of its newly-launched FedEx Cares charitable giving
program. The goal of the initiative: invest $200 million in 200
communities by 2020 to create opportunities and deliver positive
change around the world. Through FedEx Cares, the company advances
entrepreneurship, creates employment pathways for underserved
populations, enhances sustainable transportation, makes roads and
pedestrians safer, and uses its global network to deliver resources
where they are needed most.
“We constantly challenge ourselves to tackle big problems, in
our own backyard and on a global scale, whether it’s helping small
businesses expand market reach or investing in communities to help
address youth unemployment,” said Neil Gibson, vice president,
Corporate Communications, FedEx Services. “Everything we do to
support local economies goes back to our purpose--connecting people
and possibilities.”
A diverse workforce, supplier base and culture enabled FedEx to
better serve customers. In FY16, the company spent $9.2 billion
with small, women-owned and minority-owned suppliers, a 37%
increase from FY15.
Customers who sought information about the company’s corporate
citizenship and carbon emissions data as part of their purchasing
process accounted for $6.7 billion in FY16 revenue.
Environment
FedEx Express raised the stakes and revised its vehicle fuel
efficiency goal. The company set a new goal to increase vehicle
fuel efficiency by 50% by 2025 from a 2005 baseline. In FY15, FedEx
Express met its goal of increasing vehicle fuel efficiency by 30%
by 2020, which was achieved five years early.
“FedEx is committed to advancing our vision of practical
sustainability,” said Mitch Jackson, vice president, Environmental
Affairs & Sustainability, FedEx Corp. “Thanks to the innovation
and commitment of our team members, we’re changing what is possible
and making our goals a reality.”
As of 2016, the company has more than 2,700 alternative fuel
vehicles in its fleet, which is an increase of nearly 44% since
FY15.
FedEx also saved more than 153 million gallons of jet fuel in
FY16 by continuing to modernize its aircraft fleet and improve
operations. That’s the equivalent of 230 Olympic-sized swimming
pools.
In FY16, FedEx avoided more than two million metric tons of
carbon dioxide emissions through fuel and energy saving initiatives
across the company, which is the equivalent to the carbon
sequestered by more than 1.9 million acres of U.S. forest in just
one year.
Three new solar installations came online in FY16 bringing the
total to 18, helping maintain the company’s ranking as one of the
top corporate users of solar power in the U.S., according to the
Solar Energy Industries Association.
People
FORTUNE again ranked FedEx as one of the “World’s Most Admired
Companies.” The survey measures nine attributes related to
financial performance and corporate reputation. This is the
17th consecutive year that FedEx has ranked among the top
20.
FORTUNE also named FedEx as one of the “10 Best Workplaces for
African-Americans.”
FedEx supports team members who wish to give back to the
communities in which they live and work. In FY16, team members
volunteered more than 93,000 hours in more than 500 cities
worldwide.
The company retained 88% of its full-time U.S. team members, up
8% from FY15.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $58 billion, the company
offers integrated business applications through operating companies
competing collectively and managed collaboratively, under the
respected FedEx brand. Consistently ranked among the world’s most
admired and trusted employers, FedEx inspires its more than 400,000
team members to remain “absolutely, positively” focused on safety,
the highest ethical and professional standards and the needs of
their customers and communities. To learn more about how FedEx
connects people and possibilities around the world, please visit
about.fedex.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170411005328/en/
FedEx Media RelationsRae Lyn Rushing,
901-434-5791rae.rushing@fedex.com
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