UPS commits to a 25% renewables share by 2025

United Parcel Service Inc (NYSE:UPS) aims to source 25% of its power consumption from renewables by 2025 as part of a corporate sustainability plan for lowering the carbon footprint from its operations.

The US package delivery company said in a press release on Tuesday that the target represents a “dramatic increase” from 2016 when it procured only 0.2% of its power from renewable energy sources. Under the new programme, UPS will aim to supply 40% of the ground fuel it needs from sources other than conventional by 2025, against 19.6% in 2016, while by 2020 one in four of the vehicles it buys each year is planned to use alternative fuel or advanced technologies.

Through the programme, UPS will seek to lower the carbon dioxide (CO2) emissions from its ground activities by12% by 2025. “Because of our size and scale, we know our commitments can shape markets, advance technologies and be a catalyst for infrastructure investments,” said CEO and chairman David Abney.

Since 2009 UPS has spent over USD 750 million (EUR 656m) for alternative fuel and advanced technology vehicles and fueling stations worldwide. UPS has more than 8,300 alternative fuel and advanced technology vehicles, including electric and hybrid electric models, and has on-site solar plants at eight of its facilities.

(USD 1.0 = EUR 0.874)

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