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To achieve this goal, express delivery will have a final funding of over $2 billion in three key areas: electrification, sustainable energy, and carbon sequestration.
The investment includes $100 million in funding Yale University to establish a natural capture center and conduct large-scale research on carbon sequestration methods.
Frederick W. Smith, the board of directors of the Singapore Group and CEO of the United States, said, "We have a responsibility to take bold actions to address climate challenges. Our goal is built on a long-term commitment to sustainable development for all of our businesses, while investing in fast food and transformation solutions for our entire industry."
The key steps to achieving carbon neutrality goals include:
By 2040, all military vehicle delivery fleets will use zero emission electric vehicles for vehicle electrification. 50% will be electric vehicles; By 2030, this proportion will increase to.
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Customer Solution Express will collaborate with customers to provide solutions for their chains through carbon neutral transportation and sustainable supply solutions.
The automotive fuel industry will continue to invest in alternative fuels to reduce carbon emissions from cars and vehicles.
The Fuel Conservation and Aircraft Modernization FedEx Fuel Sensing Program has been successful, and FedEx will continue to work on this foundation to reduce aircraft fuel consumption. Since 2012, the FedEx Fuel Sensing Program and Aircraft Modernization Program have saved a total of 1.43 billion gallons of aircraft fuel and avoided over 1350 tons of emissions.