Cargo tonne km More details are in section B.3. Weve also formed partnerships to support the development of sustainable aviation fuel, zero emissions hydrogen-powered aircraft and carbon capture technology. 4,103m, -56.8 pts This makes aviation the only sector where both industry and governments are collectively committed to the same net zero goal. 28.2%, -59.0% The TCFD exercise was a structured, qualitative discussion of potential climate-related impacts and business responses, using the latest evidence and analysis from reputable sources like the UN, Eurocontrol and Climate Action Tracker (CAT). Carbon removal credits are issued by projects that remove CO2from the atmosphere or from the carbon cycle, and the credits are recognised by scientists, governments and regulators as a vital tool in helping to address climate change. The SAF is being produced at scale for the first time in the UK at the Phillips 66 Humber Refinery near Immingham and is being supplied to us to help power a number of our flights. LanzaJets Freedom Pines demonstration plant in the US will help leverage the development of a roll-out of LanzaJet projects including the early stage planning and design of two larger-scale LanzaJet plants in the UK (which received government funding through the Green Fuels Green Skies competition see below). We care about our people and value their contributions to our business. The SAF sourced for the COP26 period provided a lifecycle carbon reduction of more than 80% compared to traditional jet fuel. For four of the past six years, IAG has been awarded Leadership grades by the Carbon Disclosure Project (CDP), which assesses almost 15,000 companies globally on climate action. The Airbus A320neo produces half the noise footprint area of the previous generation of Airbus A320s in our fleet and the Airbus A350 has half the noise footprint area of similar sized aircraft currently in our fleet. We are flying more modern, fuel-efficient aircraft including 13 Airbus A350s, 33Boeing 787s, 18Airbus A320neos and 10 Airbus A321neos, all of which are up to 40 per cent more fuel-efficient than the Boeing 747. We have retired older aircraft, including the Boeing 757 and 767 fleets, and we have said goodbye to our entire fleet of Boeing 747s, years earlier than planned. It drives our economy, creates quality jobs and delivers aid when people need it most. endobj Our Group Modern Slavery Statement is available here and sets out IAGs zero tolerance approach to Modern Slavery. Read the 2022 Sustainability Report Introducing BA Better World We are working hard to reduce single-use plastic on board and are actively seeking to source sustainable alternatives where possible. Were investing in first-of-a-kind SAF plants in the UK and US to scale up the availability of this drop-in replacement for fossil fuels. You can also do this directly from your seat on board. British Airways has been at the forefront of the development of a waste to fuels pathway since 2010 and led the conversation with the UK Government to ensure waste-based fuels were included in the Renewable Transport Fuels Obligation (RTFO) in the UK in 2018. IAGs Group Code of Conduct (CoC), last revised in 2019 and approved by the Board, sets out the general guidelines that govern the conduct of all directors and employees of the Group when performing their duties in their business and professional relationships. IAG complies with current and emerging standards on sustainability reporting, to ensure the Group discloses relevant and meaningful data on sustainability performance. Noise and air quality performance are monitored using national databases and global aircraft noise standards. We will continue to work with governments and industry to enhance CORSIA and strengthen global carbon pricing. With this in mind, British Airways is partnering with other SAF outfits across the globe. IAG leads the aviation industry in external ratings of climate action. Safety measures that we had to put in place to protect the health of customers and crew because of Covid-19 have set our work back across the entire aviation industry. During 2020, British Airways issued more than 2.8 million refunds and 1.9 million vouchers for future travel. Leadership grades in key global rankings of corporate climate action, CDP and TPI. <br><br>Previously as Group . Our actions will help make a more connected world for everyone to live in and were excited to bring together our people, our customers and our partners to deliver what we believe will be our greatest achievement. 2040 was also considered due to the possibility of the world overshooting 1.5C in the 2030s leading to faster societal changes. We think flying is incredible, and one of humankinds greatest achievements. As well as flying new, quieter aircraft we have also been modifying existing aircraft to help reduce noise impact. In 2022, a Group-wide anti-bribery and corruption policy was issued. As a percentage, this is the lowest of any IAG airline. 2019. N')].uJr Designed to help the industry achieve its targets of net zero carbon emissions by 2050, four aviation decarbonisation projects supported by British Airways have been shortlisted for Government funding. Weve invested in new, modern aircraft that are up to 40% more efficient than the aircraft they replace and made changes to the way we fly to further reduce our emissions. 28-03-23. This is just an error notification message. 27-03-23. The independently certified carbon removal projects available on the platform include the Blue Carbon Mangrove Project, a nature-based project which will support the reforestation and revegetation of degraded tidal wetlands in the Indus Delta Area in Pakistan and the Freres Biocharproject in Oregon, USA, which sees the companys biomass power production plant produce biochar, a carbon-rich charcoal-like material that is created when agricultural and wood waste is used as fuel. We want to play our part in making this a better, more connected world for everyone to live in. The airline aims to generate a return on capital of a minimum 15 per cent with an operating profit margin of 12 - 15 per cent. Our vision is to be the worlds leading airline group on sustainability. Also on trial is a new electric toilet service truck, while sustainable HVO fuel is being trialled in five other airport vehicles.
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