FedEx

"FedEx has set a net zero target to achieve carbon-neutral operations globally by 2040. Net Zero Tracker
The company plans to invest over $2 billion in three key areas: vehicle electrification, sustainable energy, and carbon sequestration. Net Zero Tracker
By 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, increasing to 100% by 2030, subject to availability. Net Zero Tracker
An interesting fact about FedEx's environmental policy is that the company is planning to reduce its carbon footprint by introducing more electric vans, bicycles, and drones. Net Zero Tracker
In addition, you can check out the net-zero …"

Current Score (vs. LY)

32.7 pts (0.0)

Last Update: Dec. 31, 2023

Current Rankings

Global: #117

S&P100: #79

Industrials: #14

68.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

11.7%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 16,659,84115,235,32015,406,173
Scope 2 - location-based NA948,280995,988
Scope 2 - market-based 935,792948,280995,988
Scope 1-2 - location-based 16,659,84116,183,60016,402,161
Scope 1-2 - market-based 17,595,633 16,183,600 16,402,161
Scope 3 3,852,7523,230,57279,054
Total - location-based 20,512,59319,414,17216,481,215
Total - market-based 21,448,385 19,414,172 16,481,215

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 153,014,777541,749,087
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

FedEx belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2LOC NO 2040

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for FedEx by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: FedEx notes in CDP Report 2023, that "We have established an internal process to monitor our annual ETS emissions and participate in voluntary offsetting. We purchase carbon offset credits that are verified through Verified Carbon Standard (VCS) and Gold Standard." (C10.2a)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 20.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 1.666666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 4.666666666666667 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 32.7 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2040 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.9°C 7.5 / 10.0 7.5 0.0 7.5
Total 32.7 / 100.0 32.7 0.0 32.7


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2019 2018
Source Public Yourstake CDP Public Public CDP Public
Publication Year 2022 2022 2021 2021 2021 2020 2021
Scope 1 16,659,841 16,659,841 15,235,320 15,235,320 15,406,173 15,406,173 15,152,383
Scope 2 - location-based NA NA 948,280 948,280 995,988 995,988 1,049,987
Scope 2 - market-based 935,792 935,792 948,280 948,280 995,988 995,988 1,049,987
Scope 1-2 - location-based 16,659,841 16,659,841 16,183,600 16,183,600 16,402,161 16,402,161 16,202,370
Scope 1-2 - market-based 17,595,633 17,595,633 16,183,600 16,183,600 16,402,161 16,402,161 16,202,370
Scope 3 3,852,752 3,852,752 3,230,572 64,380 79,054 3,099,293 80,434
Total - location-based 20,512,593 20,512,593 19,414,172 16,247,980 16,481,215 19,501,454 16,282,804
Total - market-based 21,448,385 21,448,385 19,414,172 16,247,980 16,481,215 19,501,454 16,282,804

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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