Growth vs. green: FedEx’s environmental balancing act
In 2008, when FedEx Corp. published its first Global Citizenship Report, its greenhouse gas (GHG) emissions were already top of mind.
“As a leader in the transportation industry and in the aviation sector, we realize that we must rethink our approach to fuel consumption and have been working in this regard for some years,” the report said. “Reducing our reliance on fossil fuels is not just a matter of environmental sustainability but of economic necessity.”
Then and now, FedEx’s biggest impact on global warming emits from its fleet of airplanes. In fiscal year 2007, 82 percent of FedEx’s direct (Scope 1) GHG emissions were derived from its fleet of 677 aircraft.