June 27, via MarketWatch.
UPS today announced aggressive new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. The goals, available in the company's 2016 Corporate Sustainability Report, support UPS's commitment to reduce its absolute greenhouse gas (GHG) emissions from global ground operations 12 per cent by 2025, a goal developed using a methodology approved by the Science Based Targets initiative.
"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."
UPS has a goal that 25 per cent of the electricity it consumes will come from renewable energy sources by 2025, a dramatic increase from the 0.2 per cent in 2016. In addition, by 2020 UPS plans that one in four new vehicles purchased annually will be an alternative fuel and advanced technology vehicle, up from 16 per cent in 2016. The company also set a new goal that by 2025, 40 per cent of all ground fuel will be from sources other than conventional gasoline and diesel, an increase from 19.6 per cent in 2016.
UPS operates more than 8,300 alternative fuel and advanced technology vehicles worldwide. The company's fleet includes electric, hybrid electric, hydraulic hybrid, compressed natural gas (CNG), liquefied natural gas (LNG), propane and lightweight fuel-saving composite body vehicles. In addition to its use of alternative vehicles, UPS uses millions of liters of lower-carbon footprint renewable diesel and renewable natural gas (RNG) in its fleet each year.