FedEx

Transportation Services / Delivery Services
FDX
$ 211 1.5
Share price
$ 55 bn
Market Cap
$ 83 bn
Enterprise Value

Carbon footprint

195 Ton
GHG emissions per $ 1 mln investment
6.9x the weighted average for S&P 500
FY2020
How is this calculated?
-1.3%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

FedEx aims to achieve carbon neutrality for Scope 1 + 2 by 2040


This target has not been verified as science based according to SBTi
FedEx's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

FedEx's GHG emissions (market-based) (Kt of CO2e)
FedEx's Carbon intensity (Tons per 1 USDm)

FedEx's carbon footprint

FedEx reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2020 at 16,184 Kt (-219 /-1.3% y-o-y). Also positively, carbon intensity declined marginally to 234 t (-1.5 /-0.6% y-o-y).

FedEx's Scope 3 emissions grew to 3,231 Kt (+131/+4.2% y-o-y). The growth has slowed compared to the trend since 2Q'15 (CAGR +7.7%).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2040, which translates into the estimated reduction of -809 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

FedEx aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2040. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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