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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 14,842,148a | 15,804,636a | 17,113,617a | |
Total Scope 2 | ||||
Market-Based | 966,871a | 918,981a | 864,711a | |
Location-Based | 898,484a | 918,981a | 864,711a | |
Total Scope 3 | 9,839,080a | 4,807,798a | 4,269,004a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 169.2512a | 175.3052a | 183.0098a |
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In 2024, the total operational greenhouse gas (GHG) emissions of FedEx amounted to 15,740,632 metric 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 FedEx decreased by 5.88%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of FedEx were 14,842,148 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, FedEx reported Scope 2 greenhouse gas (GHG) emissions of 966,871 tCO₂e using the market-based method and 898,484 tCO₂e using the location-based method.a
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
In 2024, FedEx reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, FedEx reported 9,839,080 metric tons of CO₂ equivalent (tCO₂e) 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 3 of 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
In 2024, FedEx reported total Scope 3 emissions of 9,839,080 metric tons of CO₂ equivalent (tCO₂e).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
Since 2019, FedEx's Scope 3 emissions have 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
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.
In 2024, the largest contributors to FedEx's Scope 3 emissions were:a
In 2024, FedEx reported Scope 1 greenhouse gas (GHG) emissions of 14,842,148 tCO₂e and total revenues of USD 87,693 millions. This translates into an emissions intensity of 169.25 tCO₂e per millions USD.a
In 2024, FedEx reported a Scope 1 emissions intensity of 169.25 tCO₂e per millions USD. Compared to the peer group median of 73.73, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, FedEx ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places FedEx among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, FedEx reported a total carbon footprint of 25,579,712 metric tons of CO₂ equivalent (tCO₂e) 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