Growth vs. green: FedEx’s environmental balancing act
By 
Aaron Nicodemus2022-05-12T11:00:00
In 2008, when FedEx Corp. published its first Global Citizenship Report, its greenhouse gas (GHG) emissions were already top of mind.
“As a leader in the transportation industry and in the aviation sector, we realize that we must rethink our approach to fuel consumption and have been working in this regard for some years,” the report said. “Reducing our reliance on fossil fuels is not just a matter of environmental sustainability but of economic necessity.”
Then and now, FedEx’s biggest impact on global warming emits from its fleet of airplanes. In fiscal year 2007, 82 percent of FedEx’s direct (Scope 1) GHG emissions were derived from its fleet of 677 aircraft.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
OpinionWhen AI Is Forced on Compliance: The ECCP as your Guide
When a company rapidly adopts AI, compliance officers can be blindsided, tasked with governance almost immediately. Luckily, there is a guide from the U.S. Department of Justice to help.
-
ArticleOpenAI’s Nicole Diaz: AI is “the new frontier of product liability”
At Compliance Week’s recent Artificial Intelligence and Compliance event, one message came through clearly: Companies are moving quickly to adopt AI, while compliance programs are still trying to catch up.
-
ArticleFINRA executive explains regulator's use of AI at Compliance Week event
The Financial Industry Regulatory Authority (FINRA) has welcomed artificial intelligence (AI) with open arms—and also caution.
More from ESG/Social Responsibility
-
ArticleFrom NATO to nature crime. A practitioner’s perspective on greenwashing
From NATO and the UN to wildlife crime and finance, Chris Jagger explains why banks need smarter, more agile compliance to stay ahead of criminals.
-
ArticleFrench court calls out alleged deceptive net zero claims by TotalEnergies
Regulators in Europe are focused on punishing energy firms that make deceptive claims on net zero targets, as TotalEnergies recently discovered.
-
ArticleCompliance must use AI to maximize benefits from sustainability reporting
Global pressure for sustainability reporting is rising. Despite political uncertainty and regulatory delays, companies continue to improve reports for regulators and stakeholders with the help of AI.