After Being Ahead of Schedule with the Previous Goal....It's always good to see large emitters of greenhouse gases take responsibility and work to cut their emissions, even if they are not forced to do so by law (yet). It not only makes good environmental sense, but it also makes business sense: Burning less expensive fossil fuels saves money, and in the mid to long term, the transition to zero carbon technologies will be much easier for organizations that have already worked on that problem for years than for those who find out all at once that they need to change everything.
CO2 Reductions, Fuel Efficiency Improvements
In 2008, FedEx said it wanted to reduce carbon emissions intensity from its FedEx Express aircraft and improve the fuel efficiency of its FedEx Express vehicle fleet by 2% by 2020, as compared with the baseline of 2005. Unfortunately it wasn't an absolutely carbon reduction target - which would have been a lot more ambitious - but it was still a good step in the right direction.
Well, things progressed so nicely that FedEx is now revising its goals less than 5 years after setting them. Since they've already almost reached the 20% goal, they've decided to aim for a target of 30% reduction. It's good to see they aren't resting on their laurels. Who knows, maybe in 5 years they'll revise that up to 40%?
But what would be truly great is if they set an absolute carbon reduction goal. Even if the technologies to get to a net zero aren't all there yet for FedEx, the sooner we start investing heavily in their development, the sooner they'll be ready.
See also: The Future Ain't What it Used to Be!