Annual report
New fuel efficiency target set.
Fedex Corp. has announced the online publication of its Global Citizenship Report (GCR), which details how the company connects the world responsibly and with resources. This annual report includes updates on the company's strategies, objectives, programs, and progress in three key areas: economy, environment, and people. The report also includes statistics on the progress of the company's corporate citizenship goals during fiscal year 2016, which ended May 31, 2016.
Some of the highlights of this year's report are:
Economist
FedEx invested more than $46 million in 97 global communities in fiscal year 2016, as part of its newly launched charitable giving program, FedEx CaresThe initiative aims to invest $200 million in 200 communities by 2020, creating opportunities and achieving positive change worldwide. Through FedEx CaresThe company promotes entrepreneurship, creates employment opportunities for disadvantaged populations, improves sustainable transport, makes both roads and pedestrians safer, and uses its global network to deliver resources where they are most needed.
“We constantly challenge ourselves to tackle big problems, both locally and globally, whether it’s helping small businesses expand their market or investing in communities to help combat youth unemployment,” he said. Neil Gibson, vice president, Corporate Communications, FedEx Services. "Everything we do to support local economies is underpinned by our purpose of connecting people and opportunities."
Having a team, a supplier base, and a diverse culture allowed us to FedEx could offer better customer service. In fiscal year 2016, the company spent $9.200 billion with small businesses, women-owned businesses, and minority-owned suppliers, a 37% increase over fiscal year 2015.
Environment
FedEx Express It raised the stakes and revised its fuel efficiency target for vehicles. The company set a new goal of increasing the fuel efficiency of its vehicles by 50% by 2025, compared to 2005 levels. In fiscal year 2015 FedEx Express It met its 2020 target of increasing the fuel efficiency of its vehicles by 30%, achieving it five years ahead of schedule.
The report includes statistics on the progress of the company's citizenship goals during fiscal year 2016, which ended on May 31, 2016.
«FedEx "She is committed to advancing our vision of practical sustainability," she said. Mitch Jackson, vice president, Environmental Affairs & Sustainability, FedEx Corp"Thanks to the innovation and commitment of our team members, we are changing what is possible and making our goals a reality."
Since 2016, the company has had more than 2.700 alternative fuel vehicles in its fleet, representing an increase of almost 44% since fiscal year 2015.
FedEx It also saved more than 576 million liters of jet fuel in fiscal year 2016 by continuing to modernize its aircraft fleet and improve its operations. That's the equivalent of 230 Olympic-sized swimming pools.
In fiscal year 2016, FedEx It avoided more than two million metric tons of carbon dioxide emissions through fuel and energy saving initiatives across the company, which is equivalent to the carbon absorbed by more than 4.046 km² of US forest in just one year.
Three new solar installations were commissioned in fiscal year 2016, bringing the total to 18 and helping to maintain the company's ranking as one of the top corporate users of solar energy in the U.S., according to the Solar Energy Industries Association.
People
FORTUNE qualified once again to FedEx as one of the "world's most admired companies." The survey measures nine attributes related to financial performance and corporate reputation. This is the seventeenth consecutive year that FedEx has ranked among the top 20.
FORTUNE He also appointed FedEx as one of the "10 best workplaces for African Americans".
FedEx supports team members who want to help the communities where they live and work. In fiscal year 2016, team members volunteered more than 93.000 hours in over 500 cities worldwide.
The company retained 88% of its full-time team members in the United States, 8% more than in fiscal year 2015.
