Report Outlines Economic, Environmental, Community and
Workplace Goals and Accomplishments
FedEx Corp. (NYSE: FDX) announced the release of its first Global Citizenship Report recently, which documents how the company applies its resources and expertise to make a positive impact on communities in which it operates in the Asia-Pacific region and around the world. The report also highlights FedEx pledge to reduce carbon dioxide emissions from its FedEx Express aircraft fleet by 20 percent and improve the fuel efficiency of its FedEx Express vehicle fleet by 20 percent, by the year 2020. This is in addition to a review of FedEx corporate social initiatives and achievements for communities, employees and the environment.
"Through the Global Citizenship Report, FedEx reinforces its commitment as a company to act responsibly and resourcefully," said David L. Cunningham Jr., president, FedEx Express Asia Pacific. "One of the most direct contributions towards the enhancement of local communities is through our various CSR efforts. Be it in aid of humanitarian relief efforts such as the Sichuan earthquake or through employees volunteering in our own CSR programs like FedEx Cares Week, giving back to the communities in which we operate is an integral part of how FedEx do business."
In conjunction with the release of the report, FedEx launched its FedEx Citizenship Blog (blog.fedex.com). The blog will help give a transparent view behind the scenes at FedEx, featuring FedEx executives and team members describing how they carry out FedEx's 36-year pledge to be a responsible corporate citizen and will allow stakeholders to engage in a dialogue with FedEx on these important issues. The FedEx Global Citizenship Report and blog highlight fiscal year 2008 milestones and fiscal year 2009 objectives in five key areas: Economics and Access, Environment and Efficiency, Community and Disaster Relief, People and Workplace, and Governance. Highlights from the report include:
Economics and Access
FedEx strives to connect the world in responsible and sustainable ways, helping meet consumers' needs and promote business opportunities in more than 220 countries and territories. In the Global Citizenship Report, FedEx reiterates its long-term financial performance goals that support the company's core financial strategies.
Environment and Efficiency
FedEx continues to make significant progress toward achieving its fuel efficiency goals by investing in more fuel-efficient aircraft, vehicles and facilities. For instance, FedEx has begun upgrading its aircraft fleet by replacing narrow-body Boeing 727 aircraft with Boeing 757 planes that lessen the environmental impact — reducing fuel consumption up to 36 percent while providing 20 percent more payload capacity. The company will also acquire Boeing 777 aircraft that provide greater payload capacity and use 18 percent less fuel on average than the MD-11 aircraft currently in operation. FedEx is also reducing the amount of fuel used when a plane is at the gate by using ground power instead of aircraft power, saving almost one million gallons of fuel per month.
FedEx is also committed to reducing its aircraft carbon dioxide emissions 20 percent by 2020 on a pounds- per-available-ton-mile basis. Such emissions have decreased by 3.7 percent in the past three years. The company also plans to improve FedEx Express vehicle fuel efficiency 20 percent by 2020, thereby reducing CO2 emissions. Such fuel economy has improved by 13.7 percent in the past three years.
Community and Disaster Relief
FedEx's ability to respond quickly, efficiently and on a global scale makes disaster relief the cornerstone of its philanthropic efforts. FedEx also extends its resources and networks in the areas of safety, health and education. In the aftermath of the devastating earthquake in Sichuan this year, for instance, FedEx responded by delivering relief supplies valued at more than US$1.5 million to the affected area in cooperation with Heart to Heart International, a global humanitarian organization and shipped 31 tonnes of relief supplies to Sichuan in collaboration with STAR, a leading media-entertainment company in Asia.
People and Workplace
FedEx understands that the success of its business depends on the ability of its people to deliver, and takes responsibility to help its people develop their talents so they can succeed. In fiscal 2008, our full-time retention rate was 93.1 percent, women and minorities occupied 38.6 percent of management roles and participation rate for employee feedback surveys was 93.4 percent. Currently, FedEx holds the distinction of being named by Fortune magazine as a great place to work in more than 22 countries. FedEx has also been named to Fortune magazine's list of 100 Best Companies to Work for in America for 11 out of 12 years, including in 2009. FedEx was recognized as one of the top "Best Employers" in the Best Employers survey conducted by Hewitt Associates since 2001.
FedEx has a long-standing commitment to the highest standards of corporate governance. FedEx and its independent Board of Directors work to exceed the minimum compliance standards set forth in the Sarbanes-Oxley Act of 2002 and the New York Stock Exchange's corporate governance listing standards.
The FedEx Citizenship Blog will be updated regularly. FedEx plans to release its Global Citizenship Report annually. FedEx encourages stakeholder dialogue about its corporate social responsibility efforts. Comments, questions and feedback may be sent to email@example.com.
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee*.
*Subject to terms and conditions.