Federal Express

FedEx, a prominent player in the Couriers and Express Delivery Services industry headquartered in the US, has outlined ambitious climate commitments. For the fiscal year 2025, FedEx reported a total of approximately 29.7 billion kg CO2e across Scopes 1, 2, and 3 emissions. This breaks down to approximately 13.9 billion kg CO2e for Scope 1 emissions, roughly 1 billion kg CO2e for Scope 2 (market-based), and approximately 14.9 billion kg CO2e for Scope 3.

FedEx's climate strategy includes a significant long-term goal of achieving carbon-neutral operations by 2040. This commitment encompasses Scope 1 and 2 greenhouse gas emissions from their global operations, as well as Scope 3 contracted transportation emissions.

More specifically, FedEx has set Science Based Targets initiative (SBTi) approved goals. These include a commitment to reduce absolute Scope 1 and 2 GHG emissions by 58.8% by fiscal year 2035, using FY2024 as the base year. 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. They also commit that 70% of their suppliers by spend, covering purchased goods and services and capital goods, will have science-based targets by FY2030.

In terms of near-term targets, FedEx is targeting a 30% reduction in absolute Scope 1+2 emissions from a 2005 baseline by 2025. Furthermore, the company is targeting a 40% reduction in aviation emissions intensity by 2034, also based on a 2005 baseline.