Federal Express
Federal Express Corporation, commonly known as FedEx, is a leading global courier delivery services company headquartered in the United States. Founded in 1971, FedEx revolutionised the logistics industry with its overnight shipping service, establishing a strong presence in North America, Europe, and Asia. Operating primarily in the transportation and logistics sector, FedEx offers a range of services, including express parcel delivery, freight transportation, and e-commerce solutions. Its unique hub-and-spoke model allows for efficient package sorting and distribution, setting it apart from competitors. With a commitment to innovation, FedEx has achieved numerous milestones, including the introduction of tracking technology and a robust global network. Today, it stands as a market leader, recognised for its reliability and speed, making it a preferred choice for businesses and consumers alike.
DitchCarbon Score
How does Federal Express's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Land Transportation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Federal Express's score of 32 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Federal Express's reported carbon emissions
In 2023, Federal Express (FedEx) reported total carbon emissions of approximately 21,531,415,000 kg CO2e. This figure includes Scope 1 emissions of about 15,804,636,000 kg CO2e, primarily from mobile and stationary combustion, and Scope 2 emissions of approximately 918,981,000 kg CO2e. Additionally, Scope 3 emissions totalled around 4,807,798,000 kg CO2e, with significant contributions from upstream transportation and distribution. FedEx has set an ambitious target to achieve carbon-neutral operations by 2040, encompassing all scopes of greenhouse gas emissions. This commitment reflects the company's long-term strategy to reduce its environmental impact and aligns with global sustainability goals. The company aims to address both its direct emissions (Scope 1 and 2) and contracted transportation emissions (Scope 3) in this initiative. Over recent years, FedEx has demonstrated a commitment to reducing its carbon footprint, with emissions intensity decreasing from approximately 0.29493 metric tons CO2e per million USD revenue in 2017 to about 0.18550 metric tons CO2e per million USD revenue in 2023. This reduction indicates progress towards more sustainable operations, although the company continues to face challenges in managing its overall emissions.
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| 2009 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,101,552,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,065,689,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Federal Express is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
