FedEx sustainability score: 26/100

FedEx reports EY-verified FY24 Scope 1 (14.8M MT CO₂e) and Scope 2 emissions under GHG Protocol with IPCC AR6 GWPs. Multi-year tracking with fuel-type breakdown. Independent Accountants' Review Report published June 2025. Scope 1 declined 6.1% YoY. Strong disclosure depth but does not translate to low absolute emissions.

FedEx quantifies Scope 3 at 6.4M MT CO₂e for FY24 (EY-verified) across categories 3, 4, 6 only. Categories 1 (purchased goods) and 11 (use of sold products) excluded. Over 100,000 suppliers managed; environmental screening criteria acknowledged as 'not yet available' in GRI Index.

Scope 1 fell 6.1% YoY (FY23–FY24) but company frames results as 48% intensity reduction since FY09 while volumes grew 121%. Scope 3 rose from 4.7M to 6.4M MT CO₂e due to expanded boundary. Company acknowledged missing 50% vehicle fuel efficiency target by 2025.

31 GWh from solar (34 sites) in FY24 avoids 9.8K MT CO₂e—0.06% of total emissions. Jet fuel comprises ~80% of Scope 1; SAF is <1% of global supply. Targets 100% renewable electricity by 2040 with 500 GWh by 2028, but not an RE100 member. Current renewable share is negligible.

Double Materiality Assessment completed early FY25; LEAP assessment planned within 2 years. No TNFD-aligned disclosure. $100M Yale Center for Natural Carbon Capture focused on carbon removal, not biodiversity. CDP 2024 states company is 'currently building capacity' to identify and assess environmental dependencies.

74% of FedEx-branded packaging from certified sustainable sources in FY24. Ground division replaced 50M plastic bags with reusable mesh, saving $20.4M. FedEx Office achieved 89% waste diversion. However, comprehensive waste data across 5,000+ global facilities not publicly reported; circularity metrics limited.

Some facilities include water recycling (Johannesburg, Clark, Hong Kong); ISO 14001 certifications in 26 countries. No quantified water consumption, water footprint, or reduction targets disclosed. Water use across global facilities remains unmeasured despite operational scale.

Headline: carbon-neutral operations by 2040 (Scope 1, 2, contracted Scope 3). Sub-targets include 50% EV PUD by 2025, 100% by 2030; 30% SAF by 2030. No validated SBTi targets; 2025 report states science-based targets 'pending validation.' No Scope 3 reduction target. Plans to offset residual 22M+ tonnes annually.

Chief Sustainability Officer (Karen Blanks Ellis) leads Enterprise Sustainability Council with board-level Governance, Safety, Public Policy Committee oversight. Reports reference GRI, SASB, TCFD. EY provides limited assurance on GHG emissions. Annual CDP disclosure. Executive compensation not publicly linked to sustainability KPIs.

FedEx member of US Chamber of Commerce (InfluenceMap rated E-), Airlines for America, ALEC—all identified as climate-obstructive. Opposed aviation inclusion in EU/UK ETS. 2022 shareholder resolution pressured FedEx on Paris-alignment of climate lobbying. In These Times documented FedEx abandoning bold climate ambitions. Improved transparency since 2022.