Air Freight & Logistics
$ 272 2.2
Share price
$ 68 bn
Market Cap
$ 68 bn
Enterprise Value

Carbon footprint

263 Ton
GHG emissions per $ 1 mln investment
7.5x the weighted average for S&P 500
How is this calculated?
YOY change in GHG emissions
Stronger than the +0.5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -8.2% weighted average for S&P 500
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 2022 at 17,978 Kt (+383/+2.2% y-o-y). At the sime time, carbon intensity fell to 192 t (-17 /-8.3% y-o-y).

FedEx's Scope 3 emissions was up at 4,269 Kt (+416/+11% y-o-y). This is a higher growth rate than over the period since 2Q'15 (+9.4% CAGR).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2040, which translates into the estimated reduction of -999 Kt per annum over the period of FY2023 - 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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