Industry Challenged to Fully Disclose Emissions Data
In a significant move that once again demonstrates its environmental
leadership, UPS (NYSE:UPS) has adopted a plan to cut the carbon
emissions of its airline by an additional 20 percent by 2020, for a
cumulative reduction of 42 percent since 1990.
The goal is laid out in the latest edition of UPS’s Sustainability
Report, released today at the website http://www.responsibility.ups.com/sustainability.
The report shows the UPS Airlines already is a leader in fuel efficiency
in the package delivery sector with an efficiency factor of 1.42 CO2
pounds per Available Ton Mile.
The report further discloses UPS’s total global carbon inventory
including Scope 1 (direct) emissions as well as Scope 2 and 3 (indirect)
emissions, a level of reporting unusual for its industry.
“We believe this is important not just for UPS but also for our
customers and society,” UPS Chairman and CEO Scott Davis writes in the
Sustainability Report. “The fact is that customers rely on the
transportation and logistics industry as part of their supply chains.
They need accurate information from the industry in order to calculate
their own CO2 inventories and report them to the public. For that
reason, we advocate full disclosure (Scopes 1, 2 and 3) for the entire
transportation and logistics industry.”
The aircraft goal is the first of a series of carbon reduction goals
that the company plans to set in the coming years, according to Bob
Stoffel, UPS senior vice president and the executive responsible for
UPS’s sustainability program.
“We set our first goal for aircraft emissions because our jet planes are
the source of 53% of UPS’s carbon output,” Stoffel added.
UPS intends to achieve its 2020 airline goals by investing in more
fuel-efficient aircraft types and engines; fuel-saving operational
initiatives, and the introduction of biofuels.
The report extensively outlines UPS’s approach to reducing its
environmental impact and explains how the company intends to make
improvements going forward. The report also discusses in detail how the
company uses an integrated and flexible transportation network to reduce
its carbon intensity and save fuel.
“This is the most comprehensive, data-rich and global report we have
ever produced since UPS released the industry’s first report in 2002,”
Stoffel said. “It is a showcase of our renewed commitment to
transparency and sustainable business practices.”
UPS (NYSE: UPS) is the world’s largest package delivery company and a
global leader in supply chain and freight services. With more than a
century of experience in transportation and logistics, UPS is a leading
global trade expert equipped with a broad portfolio of solutions.
Headquartered in Atlanta, Ga., UPS serves more than 200 countries and
territories worldwide. The company can be found on the Web at UPS.com.
To get UPS news direct, visit pressroom.ups.com/RSS.
Except for historical information contained herein, the statements made
in this release constitute forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements,
including statements regarding the intent, belief or current
expectations of UPS and its management regarding the company's strategic
directions, prospects and future results, involve certain risks and
uncertainties. Certain factors may cause actual results to differ
materially from those contained in the forward-looking statements,
including economic and other conditions in the markets in which we
operate, governmental regulations, our competitive environment, strikes,
work stoppages and slowdowns, increases in aviation and motor fuel
prices, cyclical and seasonal fluctuations in our operating results, and
other risks discussed in the company's Form 10-K and other filings with
the Securities and Exchange Commission, which discussions are
incorporated herein by reference.
UPS
Lynnette McIntire, 404-828-7895
