Report Showcases How FedEx Multiplies Opportunities
FedEx Corp. (NYSE: FDX) announced today the online release of its 2018 Global Citizenship Report (GCR), which details how the company connects the world responsibly and resourcefully. The annual report includes updates on the company’s strategies, goals, programs and progress in three key areas: Economy, Environment and People. The report also includes statistics that track the progress of the company’s citizenship goals in fiscal year 2017, which ended on May 31, 2017.
“Repeatedly, customers tell us they want to do business with companies who strive to make the world a better place,” said David J. Bronczek, president and COO of FedEx Corp. “But even more importantly, we believe it is our responsibility to set the standard for what a good corporate citizen provides its team members, customers and communities all over the world.”
Highlights from this year’s report include:
FedEx exceeded $60 billion in revenues for the first time, a 20 percent increase over FY16. Through the success of the company’s financial performance, FedEx created income and opportunities for stakeholders including:
- $426 million in dividends paid to shareowners
- More than $21 billion in salaries and team member benefits
- More than $55 million invested in corporate charitable contributions as part of FedEx Cares
The goal of the FedEx Cares global charitable giving program: Invest $200 million in 200 communities by 2020 to create opportunities and deliver positive change around the world. In just the last two years, the company invested more than $101 million in 134 communities globally, which is more than halfway to the 2020 goal.
FedEx expanded its network of retail “Hold for Pick Up” locations allowing the company to refine its e-commerce approach. Eliminating the “last mile driven”—the difference between delivering packages to multiple addresses compared to a central location—could help avoid a projected 18,000 metric tons of carbon dioxide equivalent (CO2e) emissions each year. That’s the equivalent of the carbon emissions generated by more than 3,800 passenger cars driven for a year.
FedEx avoided more than 2.3 million metric tons of CO2e in total from energy savings initiatives across the company through its Reduce, Replace, Revolutionize approach.
“FedEx is committed to reducing the impact from our operations, replacing assets that can be improved and revolutionizing our operations by discovering and applying new, innovative technologies and solutions,” said Mitch Jackson, chief sustainability officer, FedEx Corp. “This strategy is key in helping us connect the world responsibly and resourcefully—thereby multiplying opportunities which deliver a positive impact for the communities where we work and serve.”
FedEx also saved more than 177 million gallons of jet fuel in FY17 through the aircraft fleet modernization and Fuel Sense programs. 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 added nearly 300 electric vehicles to its fleet, bringing the total number of EVs to more than 2,100. FedEx Freight also announced plans to order 20 Tesla Semi fully-electric trucks.
More than 425,000 team members around the world are united by their commitment to the Purple Promise—to make every FedEx experience outstanding. In return, the company provides team members with a safe, inclusive work environment where everyone has opportunities to grow and thrive. In FY17 the company:
- Retained 88 percent of its full-time U.S. team members
- Provided an average of 19 hours formal training per employee
- Contributed a total of $12.7 million in tuition assistance to more than 5,600 employees
- Improved our preventable recordable vehicle accident rate by 12 percent over FY16.
Thousands of FedEx team members volunteered their time and talents in their own backyards. In FY17, volunteers served a total of 111,200 hours, which is the equivalent of nearly 14,000 eight-hour days.
Awards & Recognition
- Fortune Magazine World’s Most Admired Companies
- Fortune Magazine Best Workplaces for Diversity
- Black Enterprise Top Companies for Diversity
- Points of Light Civic 50 Most Civic Minded Companies
- Solar Energy Industries Association Top Corporate Solar Users in the U.S.
- CR Magazine 100 Best Corporate Citizens