Snow falls at the United Parcel Service (UPS) WorldPort hub located at Louisville Muhammad Ali International Airport in Louisville, Kentucky, U.S., February 15, 2021. REUTERS/Bryan Woolston
United Parcel Service Inc (UPS.N) expects to top $100 billion in total revenue in 2023, the world’s biggest parcel delivery company said on Wednesday as it laid out its three-year financial targets.
The company forecast full-year revenue between $98 billion to $102 billion for 2023, compared with the average analyst estimate of $100.19 billion, according to Refinitiv data. It reported a full-year revenue of $84.6 billion in 2020.
UPS also said it expects to be carbon-neutral across scope 1, 2 and 3 emissions in its global operations by 2050.
Scope 1 refers to emissions from a company’s direct operations, while scope 2 emissions are from the power a company uses for its operations, such as gas-powered electricity purchased.
Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly impacts in its value chain.
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