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FedEx Corp
FedEx's GHG Emissions Data Preview
In 2024, FedEx completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
FedEx has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind FedEx’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore FedEx’s data sources below and access millions more through our Disclosure Search.
Insights into FedEx's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFedEx amounted to15,740,632metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of FedExdecreased by 5.88%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
FedEx's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are FedEx's Scope 1 emissions?
In 2024, the total Scope 1 emissions of FedEx were 14,842,148 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has FedEx reduced its Scope 1 emissions over time?
Since 2019, FedEx's Scope 1 emissions have decreased by 3.66%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), FedEx's Scope 1 emissions decreased by 6.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are FedEx's Scope 2 emissions?
In 2024, FedEx reported Scope 2 greenhouse gas (GHG) emissions of 966,871 tCOâ‚‚e using the market-based method and 898,484 tCOâ‚‚e using the location-based method.a
Has FedEx reduced its Scope 2 emissions over time?
Compared to the previous year(2023), FedEx's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that FedEx's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does FedEx use for Scope 2 reporting?
In 2024, FedEx reported its Scope 2 emissions using the market-based method and using the location-based method.a
FedEx's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into FedEx's Value Chain Emissions
In 2024, FedEx reported 9,839,080 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of FedEx includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
FedEx's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are FedEx's Scope 3 emissions?
In 2024, FedEx reported total Scope 3 emissions of 9,839,080 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has FedEx reduced its Scope 3 emissions over time?
Since 2019, FedEx's Scope 3 emissionshave increased by 217.46%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), FedEx's Scope 3 emissions increased by 104.65%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does FedEx disclose?
In 2024, FedEx reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of FedEx's Scope 3 emissions?
In 2024, the largest contributors to FedEx's Scope 3 emissions were:a
- Upstream Transportation and Distribution (Cat. 4): 6,361,186 tCOâ‚‚e(64.65%)
- Fuel- and Energy-Related Services (Cat. 3): 3,301,621 tCOâ‚‚e(33.56%)
- Business Travel (Cat. 6): 176,273 tCOâ‚‚e(1.79%)
FedEx's Scope 3 Emissions by Categories
Insights into FedEx’s GHG Emissions Intensity Compared to Industry Peers
In 2024, FedEx reported Scope 1 greenhouse gas (GHG) emissions of 14,842,148 tCOâ‚‚e and total revenues of USD 87,693 millions. This translates into an emissions intensity of 169.25 tCOâ‚‚e per millions USD.a
FedEx's Scope 1 Emissions Intensity Compared to Peers
How does FedEx's GHG emissions intensity compare to its peers?
In 2024, FedEx reported a Scope 1 emissions intensity of 169.25 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.54, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does FedEx rank on GHG emissions intensity within its industry?
In 2024, FedEx ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places FedEx among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into FedEx's Total Carbon Footprint
In 2024, FedEx reported a total carbon footprint of 25,579,712 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.8% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to FedEx's total carbon footprint was Scope 1 emissions, accounting for 58.02% of the company's total carbon footprint, followed by Scope 3 emissions at 38.46%.a