FedEx Global Citizenship Report

FedEx Releases 2014 Global Citizenship Report

MEMPHIS, Tenn., April 2, 2015 — FedEx Corp. (NYSE: FDX) announced today the online release of its 2014 Global Citizenship Report (GCR). Now in its seventh year of publication, the GCR tracks the company’s efforts to connect the world in responsible and resourceful ways.

Among the most notable accomplishments detailed in this year’s GCR, FedEx made significant strides in its commitment to environmental impacts, saving 100 million gallons of jet fuel at FedEx Express and avoiding more than 976,000 metric tons of carbon emissions. The accomplishments were results from FedEx® Fuel Sense and aircraft modernization programs. Since 2007, Fuel Sense initiatives have collectively saved the company more than 330 million gallons of jet fuel, the equivalent of 500 Olympic-size swimming pools.

“What you see in this report is a testament to the extensive work of more than 325,000 global team members,” said Mitch Jackson, vice president of Environmental Affairs and Sustainability, FedEx Corp. “We connect people and possibilities on six continents, and we work to do so responsibly and resourcefully. Whether that’s reducing emissions, improving pedestrian and road safety or using our logistical expertise to help others in times of disaster, we aim to deliver a brighter future and link people to thriving markets and economies.”

FedEx connects more than 90% of the world’s GDP and has a presence in 220 countries and territories. As represented in its logo, the company moves possibilities forward and applies that concept to its efforts of improving economic development, the environment, communities and people.

Highlights from this year’s GCR include:

Economic Development

In its fiscal year 2014, FedEx revenue grew by 3% and its operating margin rose to 7.6%. This economic activity creates wealth and opportunity for a wide range of stakeholders. Now in the 10th year of collaboration, FedEx and the U.S. Commercial Service helped provide trade education to more than 72,000 businesses. FedEx also invested $6.5 billion in diverse supplier spending, which includes small, minority and women owned businesses.

Environment

FedEx Express improved its vehicle fuel efficiency by an additional 2.5%, bringing the cumulative improvement to 29.5% from a 2005 baseline. Having nearly achieved its goal of 30% by 2020, the company expects to surpass and then revisit that goal in 2015. FedEx also opened two new facilities that generate on-site solar energy, bringing the cumulative total to 11. Together, these solar facilities produced more than 8 million kWh of electricity, avoiding 3,145 metric tons of carbon emissions. FedEx was again recognized in 2014 as one of the Top 25 solar-generating companies in the U.S.

Community
FedEx donated its network and logistics expertise to assist in the movement of more than 140 pallets of vital medical supplies to West Africa to counter the recent Ebola outbreak. Collectively, FedEx provided more than 6.7 million pounds of charitable shipping and more than $45 million in charitable contributions.

People

FORTUNE again ranked FedEx as one of the “World’s Most Admired Companies”. Since 2001, FedEx has ranked among the top 20 in this list that looks at financial performance and corporate reputation. FedEx also ranked among the “40 Best Companies for Diversity” by Black Enterprise Magazine in 2014.

FedEx undertook a robust materiality analysis this year with internal and external stakeholders to help refine its global citizenship strategy and to ensure it continues to address areas of maximum impact. The results of this assessment reconfirmed its current strategy but, in the next year, FedEx plans to again review issues to ensure that the company measures and manages what matters most and moves possibilities forward.

Gannett Fleming Joins GEMI

Newest member brings architecture/engineering/construction expertise to EHS group

 Washington, DC – The Global Environmental Management Initiative (GEMI), the global leader in developing insights, networking and creating collaborative sustainability solutions for business, today announced the addition of its newest member company, Gannett Fleming. Gannett Fleming is a global infrastructure firm that provides planning, design, technology and construction management services for a diverse range of markets and disciplines. It is the first architecture/engineering/construction firm to join GEMI.

“We are very pleased that Gannett Fleming has joined GEMI,” said Roland Mostovy, Sustainability Program manager, Ashland Inc., and GEMI’s membership chair. “We are particularly pleased that we will have the opportunity to work with, learn from and share with the Gannett Fleming sustainability team, who has a solid history of working with GEMI and a number of our member companies.”

Mark Johnson, vice president and Corporate Sustainability Officer, Gannett Fleming, will be the senior representative to GEMI.

“Like GEMI, we are committed to staying on the leading edge of sustainability issues and developing world-class solutions. Connecting with other industry leaders who share the same passion enables us to expand our knowledge and connections and, thereby, our ability to deliver the most efficient, cost-effective and sustainable solutions for our clients,” said Johnson.

“GEMI provides an opportunity for our members to collaborate on sustainability solutions, develop tools and resources to solve sustainability challenges and create world-class meetings for networking and discussion,” said Bill Gill, assistant vice president, Environmental Affairs, Smithfield Foods, and chair, GEMI. “The knowledge and experience of the Gannett Fleming team will be a real asset to GEMI as the organization works to advance sustainable business solutions to emerging sustainability challenges.”

Mill Boosts Efficiency

Palatka Mill’s $70 Million Investment Boosts Energy Efficiency

Georgia-Pacific’s commitment to sustainability can be seen as an investment in the future, which is why we’re spending $70 million in our Palatka, Florida, paper mill. The money will be used to upgrade the mill’s evaporators, a key component in generating energy to operate the mill. At first glance, new evaporators might not sound impressive, but they’ll reduce energy costs by an estimated $1 million per month and water usage by more than 30 percent.

This is just the latest in almost $100 million spent to enhance the mill’s safety, quality, sustainability and productivity.

Palatka mill manager Kevin Curry stresses the strategic importance of the expense. “We continue to make ongoing investments in the mill to help reduce our overall environmental impact and improve our cost competitiveness. This latest investment helps accomplish both of those goals, and earning it is a great accomplishment for our entire Palatka team,” he said.

This new project is in addition to an approximately $19 million investment announced last year for the installation of product quality improvement equipment in the mill’s kraft paper area. Installation of that project is currently underway. The mill also has approximately $10 million slated for safety and environmental improvement projects.

 

Biomass Renewable Energy

Procter & Gamble And Constellation Announce One of Nation’s Largest Biomass Renewable Energy Plants

ALBANY, Ga., Feb. 12, 2015 /3BL Media/ —  The Procter & Gamble Company  (NYSE:PG) and Constellation, a subsidiary of Exelon Corporation (NYSE: EXC), today announced the development of an up to 50-megawatt biomass plant that will help run one of P&G’s largest U.S. facilities. The plant will significantly increase P&G’s use of renewable energy, helping move the company closer to its 2020 goal of obtaining 30 percent of its total energy from renewable sources.

Constellation will build, own and operate the $200 million cogeneration plant, which will supply steam to P&G’s Albany, Ga., paper manufacturing facility and generate electricity for the local utility, Georgia Power.

For more than 30 years, the Albany facility has successfully used a smaller onsite biomass boiler to convert wood scraps into renewable steam, providing about 30 percent of the total energy. The new facility will replace P&G’s aging boiler with a highly efficient combined heat and power biomass unit.  Incoming biomass will provide 100 percent of the steam, and up to 60-70 percent of the total energy used to manufacture Bounty paper towels and Charmin toilet tissue.

“At P&G, we are committed to improving the environmental sustainability of our products across all aspects of their life cycle – from manufacturing, packaging, delivery and consumer use,” said Martin Riant, P&G Executive Sponsor of Sustainability and Group President, Global Baby and Feminine & Family Care. “As this project enables us to operate one of our largest global plants with a renewable energy source, it will reduce the environmental footprint of two leading brands, Bounty and Charmin. We see this as a win for our business, consumers, partners and the environment.”

The facility is Constellation’s newest project in its active and growing distributed energy business, which has more than 300 megawatts of assets in operation or under development.

“Constellation is uniquely positioned to help support Procter & Gamble’s renewable energy goals because of our leadership in both retail energy supply and distributed generation,” said Constellation Senior Vice President of Distributed Energy Gary Fromer. “Increasingly, our customers are looking for comprehensive energy options that enhance operational efficiencies and sustainability. Constellation can deliver innovative, clean energy solutions that drive value for our customers.”

In the initial planning for the facility, P&G and Constellation outlined sustainable “procurement standards” for the project. The plant’s fuel supply will come from biomass that would otherwise have been left to decay, burned, or potentially sent to landfill, including discarded tree tops, limbs, branches and scrap wood from local forestry operations, crop residuals, such as pecan shells and peanut hulls, and mill waste, such as sawdust.

These standards complement P&G’s responsible wood fiber procurement policy for its tissue, towel and absorbent hygiene business, as well as Constellation’s commitment to energy options for customers that benefit the environment.

“We applaud P&G’s efforts to support renewable energy as part of its commitment to sustainability and for prioritizing responsible sourcing of inputs as an essential element of the project” said Suzanne Apple, SVP, Private Sector Engagement at World Wildlife Fund. WWF and P&G have been working together for over four years on sustainable business practices, including the company’s emissions reductions and renewable energy.

Georgia Power’s purchase of energy from Constellation, at or below Georgia Power’s avoided cost, is part of the company’s multifaceted strategy to encourage and cultivate renewable energy sources in Georgia and was made possible under a program developed in coordination with and approved by the Georgia Public Service Commission. Constellation is currently under contract to sell 42 MW of capacity and energy from the 50 MW facility to Georgia Power.

“We’re committed to working with our customers, including leading Georgia businesses such as Procter & Gamble, to create new avenues for renewable energy innovation,” said Norrie McKenzie, vice president of renewable development for Georgia Power. “The Albany project is a perfect illustration of this continued effort.”

The project also included collaboration with the Albany-Dougherty Payroll Development Authority, local city, county and state leaders, including leadership and ongoing support from the Georgia Public Service Commission, as well as energy companies. DCO Energy will hold a minority stake in the project and provide engineering, procurement and construction services for the project. Constellation’s affiliate, Exelon Generation, will operate and maintain the plant.  Sterling Energy Assets worked with Constellation to develop the project.

“We are proud to be part of a project that will help shape the sustainable use of biomass energy, and that has such an impact for Procter & Gamble and for Albany, who have a more than 40-year relationship,” said  Dorothy Hubbard, Albany Mayor and Chair of the Albany-Dougherty Payroll Development Authority. “This project will strengthen Albany’s Procter & Gamble facility and create jobs and business opportunities for Albany and Southwest Georgia.”

Construction activities have already begun on the site with the plant scheduled to begin commercial operation in June 2017. Construction is expected to create up to 500 new jobs over the next two years, with an additional 50 to 70 permanent local jobs for ongoing operations once the plant is built.

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About Procter & Gamble
P&G serves nearly five billion people around the world with its brands. The Company has one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, Wella® and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands. Learn more about P&G’s sustainability goals at: http://www.pg.com/sustainability.

About Constellation
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s family of retail businesses serves more than 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with 2013 revenues of approximately $24.9 billion, and more than 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.

CONTACT

Lisa Popyk
+1 (513) 374-7967
Kelly Biemer
+1 (410) 470-9700
Constellation