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Corporate Social Responsibility
News
6.22.2005 ET
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UPS Tracking Progress On Business Sustainability Goals
(CSRwire) ATLANTA - UPS (NYSE:UPS) today reinforced its ongoing commitment to
balancing economic, social and environmental objectives by releasing the
company's third annual Corporate Sustainability Report.
The report demonstrates UPS is moving forward on a number of important
goals, including increasing fuel efficiency, lowering aircraft emissions
and reducing employee injury rates. Additionally, this year's report
includes more global information than ever before.
"At UPS, we're never satisfied with the status quo," observed Mike Eskew,
UPS's chairman and CEO. "And with today's increasingly interdependent
world, sustainable business practices add up to smart business
practices."
UPS was the first company in its industry to issue a sustainability report
and to publicize its goals for business practices that enhance communities
and protect the environment. In doing so, UPS also had to develop several
industry-specific metrics that appropriately measure business impacts.
The first Corporate Sustainability Report, Operating in Unison, was issued
in 2003 using data based on year-end 2002 information. The vision,
strategy and goals outlined in that initial document were set for 2007,
UPS's 100th anniversary. UPS is providing online annual updates until
2007, at which point a centennial sustainability report will be issued.
The 2004 Corporate Sustainability Report includes economic, social and
environmental data.
Economic Sustainability
For the third consecutive year, UPS was included in the Dow Jones
Sustainability Index, an index of companies that meet specific
sustainability criteria.
In 2004, UPS was added to the FTSE4Good Index, a leading European
index fund comprised of socially responsible companies.
Social Responsibility
UPS awarded more than US$540 million in contracts through its
Supplier Diversity program.
Lost-time injuries per 200,000 hours were reduced by 29 percent.
The second annual UPS Global Volunteer Week was a huge success, with
triple the number of volunteers and volunteer hours compared to 2003.
Environmental Stewardship
UPS continued to enhance its ground fleet with its "rolling
laboratory" philosophy, deploying alternative-fuel vehicles to learn how
new technologies can be adapted for use in the real world. Hydrogen fuel
cell Sprinters and an electric vehicle were added to the fleet.
The roll-out of Package Flow Technology into the U.S. package
operation continued to reduce miles traveled, fuel consumption and fuel
emissions through improved route planning, vehicle loading and package
delivery.
UPS Airlines, the world's ninth largest airline, has begun a broad
examination of additional steps that could reduce its fuel consumption.
Renewable solar energy provides 70 percent of the power source for
the UPS Palm Springs, Calif. facility. The 100-kilowatt solar panel array
exceeded expectations in 2004 by producing 4.9 percent more power than
anticipated. Some 405,000 pounds of CO2 emissions have been saved since
implementation in July 2003.
UPS is the world's largest package delivery company and a global leader in
supply chain services, offering an extensive range of options for
synchronizing the movement of goods, information and funds. Headquartered
in Atlanta, Ga., UPS serves more than 200 countries and territories
worldwide. UPS's stock trades on the New York Stock Exchange (UPS), and
the company can be found on the Web at UPS.com.
To view the full text of UPS's Corporate Sustainability Report, please
visit www.sustainability.ups.com.
Except for historical information contained herein, the statements made in
this release constitute forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements,
including statements regarding the intent, belief or current expectations
of UPS and its management regarding the company's strategic directions,
prospects and future results, involve certain risks and uncertainties.
Certain factors may cause actual results to differ materially from those
contained in the forward-looking statements, including economic and other
conditions in the markets in which we operate, governmental regulations,
our competitive environment, strikes, work stoppages and slowdowns,
increases in aviation and motor fuel prices, cyclical and seasonal
fluctuations in our operating results, and other risks discussed in the
company's Form 10-K and other filings with the Securities and Exchange
Commission, which discussions are incorporated.
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