FedEx is investing at least $2 billion toward sustainable energy initiatives, including electric vehicles and carbon capture research, as part of a new pledge to become carbon neutral by 2040, the company announced Wednesday.
The Memphis-based logistics giant said it aims to replace all of its parcel pickup and delivery vehicles with a sustainable electric fleet by 2040. FedEx, which operates more than 200,000 vehicles and 680 cargo airplanes, will continue investing in alternative fuels to reduce emissions from its aircrafts and vehicles, the company said.
“We have a responsibility to take bold action in addressing climate challenges,” FedEx CEO Fred Smith said in a statement. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”
As part of the initiative, FedEx said it will give $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture.
The investment is intended to help build carbon capture to scale, the company said, with “an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.”
“While we’ve made great strides in reducing our environmental impact, we have to do more,” FedEx Chief Sustainability Officer Mitch Jackson said in a statement.
FedEx joins other large companies setting carbon neutral goals within the next few decades. Amazon, which has previously pledged to become carbon neutral by 2040, called on other companies in September to set similar targets.
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Dow (NYSE: DOW) has been named by the Human Rights Campaign(HRC) to its 2021 list of the “Best Places to Work for LGBTQ+ Equality.” This marks the company’s 16th consecutive year receiving a perfect score on HRC’s Corporate Equality Index, a national benchmarking tool on corporate policies and practices pertinent to the LGBTQ+ community.
C.P.Vietnam Corporation (CP Vietnam) hosted the second edition of “Capacity building for partnership” training programmer for critical suppliers to help them transition toward a more sustainable working culture, especially in the areas of human rights and labor practices.
Recently, HEINEKEN Vietnam was honored amongst the top 2 most sustainable companies in Vietnam 2020 (in manufacturing) at the CSI Ranking Ceremony, organized by Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the Vietnam Business Council for Sustainable Development (VBCSD).
The program is an annual event, organized by Samsung Vietnam in collaboration with the National Institute of Hematology and Blood Transfusion, Steering Committee on Voluntary Blood Donation, The Red Cross Association of Bac Ninh and Thai Nguyen provinces since 2010. At the same time, today's event is also part of a chain of activities in response to the "Red Sunday" program initiated by Tien Phong Newspaper to overcome the shortage of blood for emergency and treatment during the Lunar New Year.
Rising above the challenges of COVID-19 pandemic, URC Vietnam has shown even more strengths and determination to make life better by achieving many recognitions and awards. The year 2020 marking a remarkable milestone of the 17th year of URC making life better in Vietnam.
Understanding the difficulties and damages that the people in the Central region are suffering because of floods and storms, The PAN Group organized the CSR program “Towards the Central region” to support local people. The program happened from October 30 to November 1 with the participation of the whole group, its member companies, SSI Securities JSC and Co Son volunteer group. The program is part of a big plan to support people in the Central region to overcome difficulties and overcome consequences of natural disasters.
On December 10, 2020, at the Announcement Ceremony of Sustainable Business in Vietnam held by the Vietnam Business Council for Sustainable Development (VBCSD), Traphaco JSC continues to be honored as a Sustainable Business in 2020.
C.P. Vietnam Corporation was honoured at the Top 10 Sustainable Companies Awards 2020 in the manufacturing category in Hanoi.
On December 18th, 2020, INSEE Vietnam cooperated with Bridgestone Vietnam and Hoang Linh Company to successfully organized the inauguration ceremony of Ngon Cai bridge, located in My Hiep commune (Cho Moi), An Giang province.
Factories and employees of Samsung Vietnam donated VND 5 billion to support residents in the central provinces affected by floods in recent times. The donation was given through the Fatherland Front Committees of Bac Ninh, Thai Nguyen and partly delivered directly by Samsung to people in flooded areas.
