United Parcel To Drive Growth With Green Initiatives By 2025
Zacks Investment Research | Jun 27, 2017 09:52PM ET
United Parcel Service, Inc. (NYSE:UPS) recently announced an array of aggressive sustainability goals for 2025. It aims to add more alternative fuel and advanced technology vehicles to its fleet while relying more on renewable energy sources.
The goals support UPS’ pledge to reduce absolute greenhouse gas emissions 12% from global ground operations within 2025.
Among its eco-friendly initiatives, UPS has an objective to consume 25% of the electricity from renewable energy sources by 2025.The comparable figure in 2016 was a meager 0.2%. In addition, UPS plans to annually purchase at least one new alternative fuel or advanced technology vehicle out of four automobiles by 2020. This move will ensure a rise above the 16% increase, lodged a year ago.
The company also commits to procure 40% of all ground fuel by 2025 from sources other than conventional pollutants like gasoline and diesel. This policy shift in the direction of safeguarding environmental interest will generate a figurative increase from the year ago count of 19.6%.
These initiatives are in line with the company’s efforts to reduce environmental mess, despite growth in e-commerce deliveries, which drive up energy levels for operating facilities.
Along with efforts to propel nature-conservation, UPS has outlined workforce and community targets in the 2016 Corporate Sustainability Report. The company is committed to achieve 20 million volunteer hours by 2020-end and pledges to donate $127 million on charitable contributions in 2020.
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