Business News

EPA Recognizes FedEx Office for Leading Green Power Purchases In Print and Retail Industries

Tuesday 28. July 2009 - FedEx Office (formerly FedEx Kinko’s), a subsidiary of FedEx Corp. (NYSE: FDX), today announced that it has been ranked No. 1 on the U.S. Environmental Protection Agency’s (EPA’s) new Top 20 Printers List of the largest green power purchasers in the commercial printing business.

The Top 20 Printers List is one of nine Top Partner Lists that EPA releases quarterly, highlighting some of America’s largest green power purchasers. In addition, FedEx Office is ranked No. 11 on the EPA’s Top 20 Retail List, marking the company’s 15th consecutive appearance on the list.

In total, FedEx Office purchases more than 34 million kilowatt-hours (kWh) of renewable energy certificates and utility green power products annually, which is enough green power to meet 14 percent of the company’s purchased electricity use. According to the EPA, 34 million kWh is equivalent to avoiding the carbon dioxide emissions of nearly 5,000 passenger vehicles per year, or is the equivalent amount of electricity needed to power more than 3,000 average American homes annually.

“FedEx Office is proud to know our ongoing commitment to sustainability and renewable resources has made us the number one green power purchaser in the commercial printing industry,” said Brian Philips, president and CEO of FedEx Office. “We also continue to be honored by our recognition on the EPA’s Top 20 Retail List.”

FedEx Office is purchasing green power in support of EPA’s Fortune 500 Green Power Challenge. EPA is challenging Fortune 500 Corporations to collectively exceed 10 billion kilowatt-hours green power purchasing by year end 2009. The company’s purchase of green power ranks No. 27 among participating corporations.

Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass and low-impact hydro. These resources generate electricity with a net zero increase in carbon dioxide emissions, while offering a superior environmental profile compared to traditional power generation sources. Green power purchases also support the development of new renewable energy generation sources nationwide.