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.
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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