Federal Express

FedEx, a leader in air transport services based in the US, has reported its carbon emissions across various scopes. For the reporting year 2024, FedEx's total emissions, encompassing Scope 1, 2, and 3, were approximately 26.6 billion kg CO2e. This figure includes Scope 1 emissions of about 14.8 billion kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 967 million kg CO2e (market-based). Scope 3 emissions for 2024 totalled roughly 9.8 billion kg CO2e, with upstream transportation and distribution representing the largest portion at about 6.4 billion kg CO2e, and fuel and energy-related activities contributing approximately 3.3 billion kg CO2e.

In the previous year, 2023, FedEx's total emissions were approximately 21.5 billion kg CO2e. Scope 1 emissions stood at about 15.8 billion kg CO2e, while Scope 2 emissions were approximately 919 million kg CO2e. Scope 3 emissions for 2023 were reported at about 4.8 billion kg CO2e, with upstream transportation and distribution accounting for nearly 4.7 billion kg CO2e.

FedEx has established significant climate commitments, aiming for carbon-neutral operations globally by 2040. This long-term goal encompasses Scope 1 and 2 GHG emissions, as well as Scope 3 contracted transportation emissions. Furthermore, FedEx is committed to reducing absolute Scope 1 and 2 GHG emissions by 58.8% by FY2035 from a FY2024 baseline, a target consistent with reductions required to keep warming to 1.5°C. Additionally, the company aims to reduce absolute Scope 3 GHG emissions from fuel- and energy-related activities and upstream transportation and distribution by 35.0% within the same timeframe. FedEx is also targeting a 40% reduction in aviation emissions intensity by 2034, based on a 2005 baseline.