ESG is right and becoming a corporate requirement. Transportation represents 37% of global carbon emissions, making it a major decarbonization opportunity.
FedEx can minimize its carbon footprint, encourage sustainable transportation, and attract eco-conscious customers with a robust ESG strategy.
FedEx, one of the world's leading transportation corporations, aims to be carbon-neutral by 2040 while connecting people and possibilities.
Practical Sustainability and Reduce, Replace, Revolutionize guide us. We will invest over $2 billion in three essential areas to attain this aim internationally.
FedEx aims to electrify its global pickup and delivery fleet by 2040. FedEx aims to convert 50% of its global pickup and delivery truck acquisitions to electric by 2025 and 100% by 2030.
We fund waste and emission reduction programs. 29 on- and off-site solar energy facilities produced 102 terajoules of clean electricity in FY22.
That's enough to charge 14 million devices. In 2021, FedEx gave Yale $100 million to establish the Center for Natural Carbon Capture to expedite research into nature-based carbon capture at scale to minimize airplane emissions.
Our focused measures have lowered emissions intensity on a revenue basis by over 50% over the last 13 years, even as our average daily package volumes climbed by 142%.
Our modernization efforts saved 150 million gallons of jet fuel and 1.5 million metric tons of CO2 globally in FY22.
I'm glad to say that FedEx-branded cardboard packaging is 100% recyclable and averages 36% recycled content, demonstrating our environmental stewardship.
We aim for carbon-neutral operations at FedEx, and electrifying a large amount of our fleet is essential.
New Delhi received 30 electric automobiles recently. Each new electric vehicle in our fleet saves 1.3 tons of carbon emissions per year, according on detailed trial data. Sustainable effect requires a holistic strategy.