Ron Kotrba
Jun 9, 20211 min
Package delivery giant UPS announced a new, company-wide set of environmental, social and corporate governance (ESG) targets June 9. The company pledges to be carbon neutral across scope 1, 2 and 3 emissions in its global operations by 2050.
According to Carbon Trust, scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are those that are indirect from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. Scope 3 emissions include all other indirect emissions that occur in a company’s value chain.
UPS’s interim 2035 environmental sustainability targets include:
Cutting in half CO2 per package delivered for its global small-package operations, using 2020 as a base year
100 percent of company facilities powered by renewable electricity
30 percent of the fuel used in its global air fleet to be sustainable aviation fuel (SAF).
The company’s ESG strategy can be found here.