Potential offtaker

XPO Logistics, Inc.

www.xpo.com

Estimated electricity consumption

N/A

Countries of production presence

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XPO Logistics Inc. is a leading provider of transportation and logistics services in North America, Europe, Asia-Pacific, and Latin America. The company operates in the asset-based LTL sector, which involves the transportation of freight in smaller quantities than a full truckload. XPO Logistics offers a range of services, including truckload, LTL, intermodal, last-mile, and expedited transportation, as well as supply chain solutions, such as warehousing, distribution, and e-commerce fulfillment.

Decarbonisation is a key focus area for XPO Logistics, as the company is committed to reducing its carbon footprint and promoting sustainable practices across its operations. XPO Logistics has set a target to reduce its greenhouse gas emissions by 25% by 2025, compared to its 2017 baseline. The company is investing in new technologies and alternative fuels to achieve this goal, such as electric and hybrid vehicles, natural gas trucks, and renewable energy sources.

Corporate energy is another important aspect of XPO Logistics' sustainability strategy. The company is working to optimize its energy use and reduce its reliance on fossil fuels. XPO Logistics has implemented energy efficiency measures across its facilities, such as LED lighting, HVAC upgrades, and motion sensors. The company is also exploring the use of renewable energy sources, such as solar and wind power, to generate electricity and reduce its carbon footprint.

Corporate PPA (Power Purchase Agreement) is a contract between XPO Logistics and a renewable energy provider, which allows the company to purchase renewable energy directly from the source. This enables XPO Logistics to reduce its carbon emissions and support the development of new renewable energy projects. In 2020, XPO Logistics signed a 10-year PPA with a wind farm in Texas, which will provide the company with 100 megawatts of renewable energy annually.

Renewable energy is a key focus area for XPO Logistics, as the company recognizes the importance of transitioning to a low-carbon economy. XPO Logistics is committed to sourcing renewable energy for its operations and supporting the development of new renewable energy projects. The company has set a target to source 50% of its electricity from renewable sources by 2025, and is actively exploring opportunities to increase its use of solar, wind, and other renewable energy sources.

In addition to its sustainability efforts, XPO Logistics is also focused on innovation and technology. The company is investing in new technologies, such as artificial intelligence, machine learning, and robotics, to improve its operations and enhance the customer experience. XPO Logistics has also launched a digital freight marketplace, which connects shippers and carriers and provides real-time visibility and tracking of shipments.

XPO Logistics has a strong track record of growth and profitability, and is well-positioned to capitalize on the growing demand for transportation and logistics services. The company has a diverse customer base, including many of the world's largest retailers, manufacturers, and e-commerce companies. XPO Logistics has also made several strategic acquisitions in recent years, which have expanded its capabilities and geographic reach.

In conclusion, XPO Logistics Inc. is a leading provider of transportation and logistics services in North America, Europe, Asia-Pacific, and Latin America. The company operates in the asset-based LTL sector, and is committed to promoting sustainability and reducing its carbon footprint. XPO Logistics is investing in new technologies and alternative fuels to achieve its sustainability goals, and is actively exploring opportunities to increase its use of renewable energy sources. The company has a strong track record of growth and profitability, and is well-positioned to capitalize on the growing demand for transportation and logistics services.

✓ Declared Net Zero commitment