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UPS Tracking Progress On Business Sustainability Goals

Submitted by: UPS

Categories: Corporate Governance

Posted: Jun 22, 2005 – 12:00 AM EST

 

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.

  • For more information, please contact:

    Heather Robinson
    Phone: 404-828-6384

    For more from this organization:

    UPS

     

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