Delivery giant UPS plans to source 25% of its energy requirements from renewable sources by 2025, up sharply from its current 0.2%. The company is also looking to ensure one-quarter of new vehicles acquired each year will use alternative fuels and advanced vehicle technology, compared to 16% last year.
UPS is aware its strategies can have a serious impact.
“Because of our size and scale, we know our commitments can shape markets, advance technologies and be a catalyst for infrastructure investments,” says chief executive David Abney. “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 operates more than 8,300 alternative fuel and advanced technology vehicles globally. Its fleet includes electric, hybrid electric, hydraulic hybrid, compressed natural gas, liquefied natural gas, propane and lightweight fuel-saving composite body vehicles.
By end-2016, UPS had invested more than $750 million in alternative fuel and advanced technology vehicles and fuelling stations globally since 2009. In 2017, it committed to another $90 million in funding for a half-dozen new fuelling stations and nearly 450 alternative fuel vehicles.