International Airlines Group (IAG) has been recognised as a global leader for its actions to combat environmental risks worldwide.
This recognition for its corporate response to climate change comes from CDP (Carbon Disclosure Project), the most prestigious provider of information about companies’ environmental performance.
IAG is the only commercial airline group in CDP’s Climate “A” list of the top five per cent of global companies. It has also been awarded “most improved” organisation in the UK in 2017.
These awards highlight IAG’s actions in the last reporting year to cut emissions, mitigate climate risks and develop a low carbon-economy.
The Group’s key achievements include:
- Successful campaigning for the airline industry to agree on a global deal to address carbon emissions. This will cap aviation’s CO2 output by 2020 and lead to a 50 per cent cut in its carbon emissions by 2050.
- Leading initiatives to turn every day household waste such as nappies and plastic food containers into renewable jet fuel to power the airlines’ fleet. This will reduce net carbon emissions by 60 per cent compared to conventional jet fuel.
- Investment in newer and more efficient aircraft.
- Innovative measures to fly in a more fuel efficient way.
- Integrating climate change targets into its business strategy.
- Improved reporting on how environmental risks are mitigated and the opportunities to enhance its airlines’ performance.
Willie Walsh, IAG’s chief executive, said: “This is great news and a recognition of our efforts to lead the industry in tackling climate change. IAG was the first airline group worldwide to set its own carbon emissions targets and we’re very proud of our role in securing the first global carbon offsetting scheme.
“We’re investing in modern and more efficient aircraft and have created innovative operational procedures to reduce CO2 output. Developing sustainable fuel is also crucial and we’re working to convert domestic waste into jet fuel which is an amazing innovation to cut emissions while reducing landfill.
“Environmental viability is absolutely critical for our industry to be able to grow on a sustainable basis. We will continue to invest in our long-term future and are committed to make IAG the world’s leading environmentally sustainable airline group.”
November 1, 2017 IAG13
NOTE TO EDITORS:
- CDP’s 2017 A List comprises 112 global companies and has been produced at the request of 827 investors with assets over US$100 trillion.
- About CDP: CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55 per cent of global market capitalisation disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit www.cdp.net or follow @CDP to find out more.
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