FedEx Releases 2014 Global Citizenship Report
100 million gallons of jet fuel saved in 2014
MEMPHIS, Tenn., April 2, 2015 /3BL Media/ - FedEx Corp. (NYSE: FDX) announced today the online release of its 2014 Global Citizenship Report (GCR). Now in its seventh year of publication, the GCR tracks the company’s efforts to connect the world in responsible and resourceful ways.
Among the most notable accomplishments detailed in this year’s GCR, FedEx made significant strides in its commitment to environmental impacts, saving 100 million gallons of jet fuel at FedEx Express and avoiding more than 976,000 metric tons of carbon emissions. The accomplishments were results from FedEx® Fuel Sense and aircraft modernization programs. Since 2007, Fuel Sense initiatives have collectively saved the company more than 330 million gallons of jet fuel, the equivalent of 500 Olympic-size swimming pools.
“What you see in this report is a testament to the extensive work of more than 300,000 global team members,” said Mitch Jackson, vice president of Environmental Affairs and Sustainability, FedEx Corp. “We connect people and possibilities on six continents, and we work to do so responsibly and resourcefully. Whether that’s reducing emissions, improving pedestrian and road safety or using our logistical expertise to help others in times of disaster, we aim to deliver a brighter future and link people to thriving markets and economies.”
FedEx connects more than 90% of the world’s GDP and has a presence in 220 countries and territories. As represented in its logo, the company moves possibilities forward and applies that concept to its efforts of improving economic development, the environment, communities and people.
Highlights from this year’s GCR include:
In its fiscal year 2014, FedEx revenue grew by 3% and its operating margin rose to 7.6%. This economic activity creates wealth and opportunity for a wide range of stakeholders. Now in the 10th year of collaboration, FedEx and the U.S. Commercial Service helped provide trade education to more than 72,000 businesses. FedEx also invested $6.5 billion in diverse supplier spending, which includes small, minority and women owned businesses.
FedEx Express improved its vehicle fuel efficiency by an additional 2.5%, bringing the cumulative improvement to 29.5% from a 2005 baseline. Having nearly achieved its goal of 30% by 2020, the company expects to surpass and then revisit that goal in 2015. FedEx also opened two new facilities that generate on-site solar energy, bringing the cumulative total to 11. Together, these solar facilities produced more than 8 million kWh of electricity, avoiding 3,145 metric tons of carbon emissions. FedEx was again recognized in 2014 as one of the Top 25 solar-generating companies in the U.S.
FedEx donated its network and logistics expertise to assist in the movement of more than 140 pallets of vital medical supplies to West Africa to counter the recent Ebola outbreak. Collectively, FedEx provided more than 6.7 million pounds of charitable shipping and more than $45 million in charitable contributions.
FORTUNE again ranked FedEx as one of the “World’s Most Admired Companies”. Since 2001, FedEx has ranked among the top 20 in this list that looks at financial performance and corporate reputation. FedEx also ranked among the “40 Best Companies for Diversity” by Black Enterprise Magazine in 2014.
FedEx undertook a robust materiality analysis this year with internal and external stakeholders to help refine its global citizenship strategy and to ensure it continues to address areas of maximum impact. The results of this assessment reconfirmed its current strategy but, in the next year, FedEx plans to again review issues to ensure that the company measures and manages what matters most and moves possibilities forward.