FedEx documents global citizenship efforts
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FedEx Corp. announced 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 US$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 US$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 US$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 US$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.”
“Everything we do to support local economies goes back to our purpose–connecting people and possibilities.”
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.
Questions & Answers
Q.Which fiscal year does this Global Citizenship Report specifically detail progress for?
Which fiscal year does this Global Citizenship Report specifically detail progress for?
This report tracks the company's citizenship goals for fiscal year 2016. That fiscal year concluded on May 31, 2016, providing the timeframe for the progress and statistics detailed within the report.
Q.What is the new target for increasing vehicle fuel efficiency for FedEx Express?
What is the new target for increasing vehicle fuel efficiency for FedEx Express?
FedEx Express has set a new target to boost vehicle fuel efficiency by 50% by 2025. This goal is measured against a 2005 baseline, building on previous achievements in this area.
Q.What was the total investment made in global communities under the FedEx Cares programme in fiscal year 2016?
What was the total investment made in global communities under the FedEx Cares programme in fiscal year 2016?
In fiscal year 2016, FedEx invested over US$46 million in 97 global communities. This was part of its newly-launched FedEx Cares charitable giving programme, aiming for a much larger total investment by 2020.
Q.How much revenue did FedEx generate from customers specifically seeking corporate citizenship and carbon emissions data?
How much revenue did FedEx generate from customers specifically seeking corporate citizenship and carbon emissions data?
FedEx generated US$6.7 billion in revenue during fiscal year 2016 from customers who requested information on the company's corporate citizenship and carbon emissions data as part of their purchasing decisions.
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