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FedEx aims to be carbon-neutral by 2040, run electric delivery fleet


FedEx is committing to reach carbon-neutral operations by 2040, aided in part by replacing its entire pickup and delivery fleet with zero-emission electric vehicles, the Memphis-based company announced Wednesday.
FedEx, which uses more than 200,000 motorized vehicles and 680 cargo aircraft to fuel its global delivery network, said in a news release it would put in an initial investment of more than $2 billion to help achieve the goal.
“We have a responsibility to take bold action in addressing climate challenges,” said Chairman and CEO Fred Smith in a statement. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.” ....

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FedEx commits to carbon-neutral operations by 2040

FedEx announces carbon-neutral goal


FedEx Corp announced today an ambitious goal to achieve carbon–neutral operations globally by 2040
To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.
This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.
“We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, Chairman and CEO, FedEx Corp. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.” ....

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