UPS plans to reduce emissions from global ground operations 12% by 2025 as part of new sustainability goals, the delivery company said in its latest Corporate Sustainability Report.
The company decided on its goal using a methodology approved by the Science Based Targets Initiative, a group that champions science-based sustainability efforts aimed at improving a company’s profitability and competitiveness.
“Because of our size and scale, we know our commitments can shape markets, advance technologies, and be a catalyst for infrastructure investments,” said David Abney, UPS chairman and CEO. “We rely on the ingenuity of our employees, suppliers and technology partners to help us reach goals that will transform the shipping industry and spur innovation.”
By 2020, the company plans to choose alternative fuel or advanced technology vehicles for one out of every four vehicles it purchases. That will help the company meet another goal to make 40% of all ground fuel used come from sources other than conventional gasoline or diesel by 2025, up from 19.6% in 2016.
UPS has already launched several green initiatives and currently operates more than 8,300 alternative fuel and advanced technology vehicles globally. The company’s fleet uses a variety of vehicle types to achieve its green goals including, electric, hybrid electric, hydraulic hybrid, compressed natural gas, liquefied natural gas, propane, and lightweight composite body vehicles.
Since 2009, UPS says that it has invested more than $750 million in alternative fuel and advanced technology vehicles and fueling stations globally.
UPS also has a goal that 25% of the electricity it consumes will come from renewable energy sources by 2025, a significant increase from 0.2% in 2016.