FedEx Launches New Tool to Measure Carbon Emissions
MUMBAI: FedEx, on Monday, launched a new tool to help customers understand about the carbon emissions of their shipment.
Through this new tool- FedEx Sustainability Insights (FSI), customers can measure the carbon footprint of their shipments within the FedEx network. They can use the data to help make informed decisions on their future shipping strategy to reduce their impact on the planet.
Sustainability and the Supply Chain
Sustainability in the supply chain ecosystem has become imperative now more than ever as it plays a vital role in climate change. According to a study by UNGC-Accenture, supply chains generate around 60% of all carbon emissions globally. Hence, it is important to take steps to reduce the carbon emissions from supply chain needs.
The FedEx Sustainability Insights Tool
The tool has been created by FedEx’s cloud-based data engine FedEx Dataworks, which uses near-real-time data to estimate CO2e emissions. Customers can view emissions data for individual tracking numbers as well as aggregate historical data for their accounts. Data displayed in the tool includes mode of transport, service type, and country or territory for all eligible FedEx Express shipments.
FedEx’s Commitment to Sustainability
Kami Viswanathan, senior vice president of FedEx Express Middle East, Indian Subcontinent and Africa operations, said in a statement, “Reporting on sustainability and using this data to inform decision-making has become a business priority. Simultaneously, consumers are prioritizing sustainability in their purchasing decisions.”
This new service is among the company’s ongoing efforts to achieve carbon neutral operations by 2040. FedEx is focusing on areas such as electrification of FedEx pickup and delivery vehicles; more efficient facilities, fuels, and fleets; and investments in natural carbon capture.
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SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Indicator not mentioned in the article |
| SDG 12: Responsible Consumption and Production | Target 12.6: Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle | The new tool, FedEx Sustainability Insights (FSI), helps customers measure the carbon footprint of their shipments and make informed decisions to reduce their impact on the planet. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes | The tool has been created by FedEx’s cloud-based data engine, FedEx Dataworks, which uses near-real-time data to estimate CO2e emissions. |
| SDG 7: Affordable and Clean Energy | Target 7.2: Increase substantially the share of renewable energy in the global energy mix | Indicator not mentioned in the article |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
The SDGs addressed or connected to the issues highlighted in the article are SDG 13: Climate Action, SDG 12: Responsible Consumption and Production, SDG 9: Industry, Innovation, and Infrastructure, and SDG 7: Affordable and Clean Energy.
2. What specific targets under those SDGs can be identified based on the article’s content?
Based on the article’s content, the specific targets that can be identified are:
– Target 13.2: Integrate climate change measures into national policies, strategies, and planning
– Target 12.6: Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle
– Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes
– Target 7.2: Increase substantially the share of renewable energy in the global energy mix
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
The article mentions indicators that can be used to measure progress towards the identified targets. Specifically:
– The new tool, FedEx Sustainability Insights (FSI), helps customers measure the carbon footprint of their shipments and make informed decisions to reduce their impact on the planet. This aligns with Target 12.6 of SDG 12: Responsible Consumption and Production.
– The tool has been created by FedEx’s cloud-based data engine, FedEx Dataworks, which uses near-real-time data to estimate CO2e emissions. This aligns with Target 9.4 of SDG 9: Industry, Innovation, and Infrastructure.
Note: The article does not mention any indicators for Target 13.2 of SDG 13 or Target 7.2 of SDG 7.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Indicator not mentioned in the article |
| SDG 12: Responsible Consumption and Production | Target 12.6: Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle | The new tool, FedEx Sustainability Insights (FSI), helps customers measure the carbon footprint of their shipments and make informed decisions to reduce their impact on the planet. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes | The tool has been created by FedEx’s cloud-based data engine, FedEx Dataworks, which uses near-real-time data to estimate CO2e emissions. |
| SDG 7: Affordable and Clean Energy | Target 7.2: Increase substantially the share of renewable energy in the global energy mix | Indicator not mentioned in the article |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: m.economictimes.com
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