STOCK TITAN

FedEx and EIT Climate-KIC Propel Sustainable Mobility Initiatives in European Cities

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

FedEx, in collaboration with EIT Climate-KIC, is supporting sustainable mobility projects across European cities to combat urban congestion and promote eco-friendly transportation. In 2023, four cities—Olot in Spain, Karasu in Turkey, Hackney in the UK, and Espoo in Finland—initiated projects funded by the FedEx-supported Sustainable Cities Climate Impact Challenge.

Olot is constructing secure bike parking to encourage cycling. Karasu plans to connect bike paths to reduce congestion. Hackney has provided grants to small businesses for cargo bikes to facilitate eco-friendly deliveries. Espoo is offering free cycling workshops to immigrants to enhance social inclusion and gender equality.

Positive
  • FedEx's support for sustainable mobility projects improves urban living conditions.
  • Funding of four city projects promotes cycling and eco-friendly transportation.
  • Olot's secure bike parking initiative encourages residents to cycle more.
  • Karasu's project aims to alleviate congestion by improving bike infrastructure.
  • Hackney's grants for cargo bikes aid small businesses and reduce pollution.
  • Espoo's free cycling workshops enhance social inclusion and gender equality.
Negative
  • No direct mention of immediate financial benefits or cost savings for FedEx from these initiatives.
  • Potential high initial investment costs with uncertain long-term ROI for FedEx.

NORTHAMPTON, MA / ACCESSWIRE / June 24, 2024 / FedEx Corporation

Originally published in FedEx's 2023 FedEx Cares Report

New ideas for smart and sustainable mobility

In 2022, FedEx supported the EIT Climate-KIC Sustainable Cities Climate Impact Challenge to launch climate-friendly transportation projects in European cities. In 2023, four cities began implementing sustainable mobility solutions aiming to transform urban living and work. Explore the winning cities' projects below.

Olot, Spain: As biking becomes an increasingly popular form of mobility, Olot wants to encourage more residents to trade four wheels for two. The winning project is building a network of enclosed, secure bike parking locations where cyclists can park safely for several hours without worry about theft. Learn More

Karasu, Turkey: A popular summer destination, Karasu faces increased congestion with seasonal visitors. The winning green mobility project aims to connect coastal bike paths to the city center, creating safer spaces for walkers, cyclists, and scooter-riders through dedicated bike lanes and infrastructure improvements. Learn More

Hackney, UK: Hackney is a densely populated and culturally diverse part of London, facing high levels of inequality and air pollution. The winning project awarded 14 small businesses with a grant to purchase a cargo bike to make deliveries, carry out client visits, and grow their enterprises. Learn More

Espoo, Finland: This city of over 305,000 residents blends urban life with nature, making it ideal for cycling. Yet, immigrants here face barriers to this mode of transport. The winning green mobility project promotes social inclusion and gender equality by offering free workshops that teach cycling skills and give participants increased freedom and mobility. Learn More

Read more



View additional multimedia and more ESG storytelling from FedEx Corporation on 3blmedia.com.

Contact Info:
Spokesperson: FedEx Corporation
Website: https://www.3blmedia.com/profiles/fedex-corporation
Email: info@3blmedia.com

SOURCE: FedEx Corporation



View the original press release on accesswire.com

FAQ

What is the aim of FedEx's collaboration with EIT Climate-KIC?

FedEx and EIT Climate-KIC aim to support sustainable mobility projects in European cities to reduce urban congestion and promote eco-friendly transportation.

Which cities are involved in the FedEx sustainable mobility initiative?

The cities involved are Olot in Spain, Karasu in Turkey, Hackney in the UK, and Espoo in Finland.

What project is Olot, Spain, implementing?

Olot is building a network of enclosed, secure bike parking locations to encourage cycling among residents.

How is Karasu, Turkey, addressing urban congestion?

Karasu is connecting coastal bike paths to the city center to create safer spaces for walkers, cyclists, and scooter riders, reducing congestion.

What initiative is Hackney, UK, undertaking?

Hackney has provided grants for 14 small businesses to purchase cargo bikes for deliveries and client visits, promoting eco-friendly transportation.

What is the focus of the sustainable mobility project in Espoo, Finland?

Espoo is offering free workshops to teach cycling skills to immigrants, promoting social inclusion and gender equality.

FedEx Corporation

NYSE:FDX

FDX Rankings

FDX Latest News

FDX Stock Data

63.58B
244.32M
8.19%
80.26%
1.12%
Integrated Freight & Logistics
Air Courier Services
Link
United States of America
MEMPHIS