FedEx Corp. (NYSE: FDX) has released its 2016 Global Citizenship Report (GCR), which details the company´s commitment to connect the world in responsible and resourceful ways.
The report includes annual updates on the company´s environmental, community and economic development initiatives.
Among the highlights of this report, FedEx Express announced that it has surpassed its goal to boost vehicle fuel efficiency by 30 percent–some five years early.
The company achieved the goal through its “Reduce, Replace, Revolutionize” strategy: Reduce overall mileage by optimizing routes; Replace vehicles with more efficient models; Revolutionize the vehicle fleet with alternative fuel vehicles.
In addition, the report includes details of the FedEx Fuel Sense program, which saved more than USD1 billion in jet fuel since 2007 and avoided more than 4 million metric tons of carbon emissions. The FedEx Fuel Sense team is charged with identifying efficiencies across the company´s aviation operations. All team members who work with aircraft are asked to adopt a fuel-efficient mindset and search out innovative ways to help save fuel.
FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD49 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.