GXO plans 80% landfill diversion by 2025
GXO Logistics, Inc. has announced the release of its first Environmental, Social and Governance (ESG) Report.
Photo by Campaign Creators on Unsplash
In 2021, GXO received an “AA” ESG rating from MSCI, placing it highest among its largest industry peers.
“Our fresh beginning as a standalone company brings a rare opportunity and responsibility to create a strategy around what matters most to our employees, customers, investors and communities,” said GXO chief executive officer Malcolm Wilson. “We are committed to making a positive impact for our people, our partners and our planet by harnessing technology to not only improve performance but to minimise our environmental impact, create a safe, welcoming workplace and do business the right way.”
In 2021, GXO set five environmental goals:
- 80% global operations using LED lighting by 2025
- 80% global landfill diversion rate by 2025
- 30% GHG emissions reduction by 2030 vs. 2019 baseline
- 50% renewable energy in global operations by 2030
- 100% carbon neutral by 2040
GXO’s 2021 ESG Report is a helpful resource for individual and institutional investors who increasingly list ESG performance among their reasons for selecting certain equities.
Meagan Fitzsimmons, GXO Chief Compliance and ESG Officer, said, “At GXO, ‘how’ we do things is every bit as important as ‘what’ we do. Our team members understand that a strong commitment to ESG is the foundation of every great company and share our goal to be at the forefront of innovative ESG policies and practices.”
To download a copy of the report, click here.
