Stay up to date with all our latest developments and corporate news, Significant shareholdings and treasury stock, Corporate governance and directors' remuneration reports, Transition Pathway Initiative (TPI) ratings, Clear and ambitious targets relating to IAGs most material issues, Low carbon transition pathway embedded in business strategy, Management incentives aligned to delivering a low carbon transition plan, Accelerating progress in low-carbon technologies including aircraft technology, SAF, carbon offsets and carbon removals, Accelerating innovation in low-carbon technology as above, Industry leadership in the innovation and deployment of SAF including power-to-liquids, Stepping up our social commitments including on diversity, employee engagement and sustainability as a core value, Industry leadership in stakeholder engagement and advocacy, 2020 onwards: Net zero CO2 emissions for British Airways UK domestic flights, 2025: 11 per cent improvement in Group fuel efficiency, to 80g CO2/pkm, 2030: 10 per cent sustainable aviation fuel, equivalent to approximately to 1 million tonnes of fuel. The IAG Group Head of Sustainability and Group Head of People report into the CPCASO. As an industry, aviation is currently reliant on fossil fuels. 26,706m, +3.5pts This has removed over 10m items of plastic off our flights in totalin Club World (47 tonnes of plastic per year), Club World amenity kit packaging has also been redesigned saving 6.5 tonnes of plastic every year, Our new World Traveller Plus amenity kit was designed with sustainability in mind, using material made from recycled plastic bottles, World Traveller Plus blankets areno longerwrapped in plastic but arebe paper banded with FSC certified paper, whichwill save approximately20 tonnes of single-use plastic a year. 578m, 5.5% New destinations - the airline has already announced nine new routes for 2020 including the Kosovan and Montenegrin capitals Pristina and Podgorica, Perugia in Italy . British Airways Sustainability Report 2022 We've released our 2022 Sustainability Report where you can find out about all of our achievements and results from 2022. British Airways parent company IAG has also pledged to go net-zero on carbon emissions by 2050. As part of the agreement, our parent company, IAG, is investing in the project to support the next phase of development work that will help decarbonise the aviation industry. Her work saw her win IAG the prestigious CDP A-list for investor rankings and most improved sustainability report for FTSE 100 and IBEX companies. We also expect our suppliers to carry out their business in a manner that is consistent with the principles set out in our Supplier Code of Conduct, issued in 2020. International flights:Using our CO2llaborate platform, you can calculate and act on your carbon emissions if travelling outside of the UK. 22,410m, 2.0% The adjusted baseline will now be based on 2019 CO2 emissions for the aviation sector, instead of the planned average of 2019 and 2020. IEnvA is the airline industry version of ISO 14001, the international standard for environmental management systems. The environmental objectives set out in our sustainability strategy are: take urgent action towards net zero climate impact by reducing net CO2 emissions, improving carbon efficiency and offsetting emissions from UK domestic flights and engaging our customers and suppliers in action to tackle climate impacts From January 2020, we began offsetting carbon emissions on all flights within the United Kingdom. A. We were the first airline to participate in carbon trading (buying credits to counteract our carbon emissions) in 2002 and have consistently campaigned for this policy across the globe as the most environmentally effective way to limit carbon emissions. 2022 Virgin Atlantic Airways Ltd. All rights . Thats why at British Airways were on our most important journey yet - to a better, more sustainable future. The impacts of material risks are quantified as part of the Company-wide ERM process which receives Board oversight, Operating airlines modelled compliance-related costs, including from the UK and EU ETS and CORSIA, to 2030, TCFD-aligned scenario analysis was repeated using a dual timeframe of 2030 and 2040, Ongoing analysis was carried out on the Flightpath Net Zero strategy to 2050, Independent risk screening and sustainability assessments, Corporate Social Responsibility (CSR) Audits, Embedding sustainability as standard in the procurement process. As well as flying new, quieter aircraft we have also been modifying existing aircraft to help reduce noise impact. [1] British Airways business strategy focused on service differentiation is planned to be continued in the following directions . Were creating a new BA Better World Community Fund to deliver life-changing opportunities in the communities we serve and deploy our people and resources to help communities affected by crisis. We operated the BA001 on November 8 to New York on an A350 using this SAF blend. Companies will then be able to select how to address their carbon emissions by selecting specific climate solutions ranging from purchasing SAF to contributing to certified carbon removals or carbon offset projects. Mandatory training and communications activities are carried out for Directors, employees and third parties on a regular basis to maintain awareness and understanding of the principles that govern the conduct of the Group. We never promote events or tours that feature animal performances, animal rides or wild animals kept in captivity. Customers canalso address their emissions via our onboard Speedbird Caf menu app. This is enabling us to progress with projects to construct production facilities in the UK. With short-term action already in place and development and innovation underway for medium and long-term solutions, we have a clear plan to deliver our goal. Message from Sean Doyle, our CEO and Chairman The plant could produce enough fuel for more than 1,000 flights using SAF from London to New York each year in an A350 aircraft. These include Sustainable Aviation, Airlines 4 Europe, IATA, ATAG, oneworld and the Coalition for Negative Emissions. Though it is one of the major operators in the sector and has a huge international presence, the company faces financial troubles due to the imminent global financial crisis, and especially in Eurozone. <>/Pages 2 0 R /Type/Catalog/Metadata 222 0 R >> We are committed to supporting a variety of innovative carbon removals solutions and are considering projects that are immediately available and independently verified today, as well as more innovative technology solutions. We are committed to protecting wildlife and have always adhered to the rules set out by the 1973 Convention on International Trade in Endangered Species (CITES) treaty. (Red wedge on graph), A further third of emission reductions will come from switching to sustainable aviation fuel, meeting about 50% of our fuel needs by 2050. Governance A.1. These include obligations under EU Directive 2014/95/EU on non-financial reporting and its transposition in the UK and Spain, the 2018 UK Streamlined Energy and Carbon Reporting (SECR) regulation, the Task Force on Climate-related Financial Disclosures (TCFD), and the EU Taxonomy Regulation (2020/852). The reports set out the progress we are making towards our environmental objectives and present examples of what we are doing to continually improve our environmental performance. IAG also invests in innovation to meet its targets, drive decarbonisation and accelerate wider change towards a more sustainable industry. Learn more about the actions were taking as a global business to engage, support and grow with local communities across the UK and around the world. d i d : 7 d 9 7 9 b 7 6 - 2 5 7 f - 4 c 3 7 - 9 9 0 8 - 5 a b 7 a 3 4 f 8 9 5 f)/PageTransformationMatrixList<0[ 1 0 0 1 0 0]>>/LastModified( D : 2 0 2 2 0 3 0 2 1 0 5 2 3 2 Z)/PageUIDList<0 19486>>>>>>>> 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. At British Airways, we care about the impact of every flight. While we scale the development of SAF, there will be points where we will power our flights directly with SAF at a higher blend, like we did for the Perfect Flight demonstration, which operated with a 35% SAF blend. In 2022, a new Group-wide Whistleblowing Policy was issued and all the Group channels to enable this were consolidated to one whistleblowing channel provided by an independent third-party provider, EthicsPoint, where concerns can be raised on an anonymous and confidential basis. (Grey wedge on graph), The final third will come from robust carbon reductions and removals in other sectors. 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). IAG is committed to delivering best practices in sustainability programmes, processes and impacts, while executing on Group strategy. For more information visit: https://www.britishairways.com/en-gb/information/about-ba/ba-better-world/people, To download this content you require a password. IAGs sustainability strategy, initiatives and reporting are based on a rigorous assessment of which business activities have a material impact on the environment and people and what is most important to key stakeholders. 2030: 20 per cent reduction in net Scope 1 CO2 emissions, to 22MT, 2030 20 per cent reduction in net Scope 3 CO2 emissions, to 6.6MT, 2050: Net zero Scope 1, Scope 2, and Scope 3 CO2 emissions. The carrier was the number one airline on a list of America's Most Sustainable Companies 2020 by finance publication Barron's. For example, replacing plastic bottles with glass increases weight and therefore fuel burn and carbon emissions. This also allows us to reserve the right to refuse cargo suspected of containing illegal wildlife or products. 2025: 10% reduction in average noise per landing and take-off cycle versus 2020. Project Speedbird can transform agricultural and wood waste taken from sustainable sources into 102 million litres of SAF per year and we intend to offtake all SAF produced at the facility to help power some of our flights. In March 2022 we launcheda new BA Better World Community Fund, to further the positive work we do in communities across the UK. IAG supported IATA and the Global Reporting Initiative (GRI) to develop the IATA handbook. V)gB0iW8#8w8_QQj@&A)/g>'K t;\ $FZUn(4T%)0C&Zi8bxEB;PAom?W= But we believe our ambitious goal is achievable. We recycle or re-use 50% of non-catering waste from our Heathrow and Gatwick operations. Planet | BA Sustainability, Carbon Reduction & Net Zero As a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) since 2020, Airbus' approach to addressing climate risks and opportunities follows the four pillars of the TCFD: governance, strategy, risk management, metrics and targets. This ambition was announced at the start of 2022 and is underpinned by a new diversity and inclusion framework and strategy. Innovative zero emissions technology is advancing fast and we support the development of hydrogen as an alternative fuel source because we believe it has the potential to enable us to reach zero emissions on short-haul routes by 2050. Our airlines have additional targets associated with other non-financial measures including energy efficiency, punctuality and customer net promoter scores. Weve partnered with Cru Kaf to create a signature blend of coffee which is 100% plastic free and has fully compostable packaging. We care about our people and value their contributions to our business. Watch our SAF video here, part of our sustainability docuseries, which explains how SAFis produced and how it delivers emissions benefits. IAG has a Chief People, Corporate Affairs and Sustainability Officer (CPCASO) to further drive forward environmental and social initiatives. The fuel produced from this plant will also create high quality green jobs and can connect to Humberside carbon capture & storage network. As an industry leader, were proud to be part of the first airline group in the world (IAG) to commit to becoming carbon net zero by 2050. Sustainability Report " We are committed to regaining trust with our stakeholders through transparency, integrity and, above all else, safety. British Airways CSR (Corporate Social Responsibility) Analysis Together, these actions map our way for flightpath net zero, our commitment to net zero CO2 emissions by 2050. Our actions will help make a more connected world for everyone to live in and we're excited to bring together our people, our customers and our partners to deliver what we believe will be our greatest achievement. How British Airways Is Turning To SAF & Hydrogen For A Net Zero Future SAF can be made from a number of feedstocks, including waste gases, crop & forestry wastes and household and commercial waste. It is a central part of our near-term plan, while alternatives to fossil fuels are developed and scaled-up and while new low carbon aircraft technologies advance. Due to the impact of the Coronavirus pandemic, the Government decided to not obligate companies to publish a Gender Pay Gap Report covering the financial year 2019-2020. External stakeholders included investors, corporate customers, policymakers, trade associations, fuel suppliers, airports, and NGOs. PDF British Airways Environment Policy This assessment is still relevant and the material issues that were identified have been grouped into three categories to align with global best practice : Planet, People and Prosperity, and Principles of Governance. Noise and air quality performance are monitored using national databases and global aircraft noise standards. IAG - International Airlines Group - Results and reports We are prioritising our ethnicity and gender diversity programmes, building on our mentoring and reverse mentoring programmes targeted at women and minority ethnic colleagues. BBC Panorama has discovered the airline's planes generated an extra 18,000 tonnes of carbon dioxide last year through fuel tankering. It remains committed to reducing the impact of aircraft noise and air pollution on local communities near airports and supports innovation as a means of delivering this. 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. British Airways launches new sustainability plan in partnership with Airbus and bp The airline is committed to reducing its carbon footprint by investing in more fuel-efficient aircraft, improving their operational efficiency, and investing in the development and use of sustainable aviation fuel. Available seat km All customers flying within the UK on flights we operate will now have the carbon emissions from their flights offset and invested in carbon reduction projects around the world, which bring additional social benefits for the communities in which they are based. We are participating in this new offsetting scheme which allows the industry to invest in regulated, quality carbon reduction projects in other sectors. Additionally, we have been deploying technology and applying management focus to improve operational efficiency. More details on how IAG identifies, assesses and manages risks can be found in the Risk management and principal risks factors section of the 2022 Annual Report. The 2.50 contribution represents the carbon compensation of an average British Airways European return flight per customer, and the funds are invested in verified CO2 emissions reduction and avoidance projects. As part of our plan to reach net zero carbon emissions by 2050, we have invested in ZeroAvia a leading innovator in decarbonising commercial aviation in an effort to accelerate the development of 50+ seater aircraft capable of running on zero emissions hydrogen[1]electric power. Were the first airline in the world to use SAF produced on a commercial scale in the UK after signing a multi-year agreement with, Together with global animal welfare and conservation charity. In 2022, IAG carried out multiple and aligned forms of scenario analysis to explore the impacts of future climate-related changes on the business and how IAG could respond: This scenario work informs strategy, planning, risk management and financial management. CDP awarded IAG a prestigious A-List award in 2022, placing the Group in the top 3 per cent of respondents worldwide. 1.5C scenarios were chosen for transitional risks, in recognition of IAG and global targets. IAG has delivered a 12 per cent reduction in noise per take-off and landing cycle (LTO) versus 2019, driven by fleet renewal. 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 full contents of the Annual Report are included in the IAG non-financial information statement (NFIS), which is independently verified to limited assurance standards in line with ISAE3000 (Revised) standards. British Airways worked with all parties in the ten years before the introduction of the scheme to ensure it came to fruition. British Airways is proud to be an industry leader in tackling climate change, having taken a progressive approach to managing growth in carbon emissions for more than 20 years. 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. IAG will work with key stakeholders to deliver net zero emissions across its global operations by 2050. 1 0 obj wG xR^[ochg`>b$*~ :Eb~,m,-,Y*6X[F=3Y~d tizf6~`{v.Ng#{}}jc1X6fm;'_9 r:8q:O:8uJqnv=MmR 4 In our World Traveller cabins, headsets are placed inside paper charity envelopes. As part of a collaboration with bp, we sourced enough SAF with respect to all flights that we operated between London, Glasgow and Edinburgh during the period of COP26. "F$H:R!zFQd?r9\A&GrQhE]a4zBgE#H *B=0HIpp0MxJ$D1D, VKYdE"EI2EBGt4MzNr!YK ?%_&#(0J:EAiQ(()WT6U@P+!~mDe!hh/']B/?a0nhF!X8kc&5S6lIa2cKMA!E#dV(kel }}Cq9 A British Airways relief flight carrying 18,000 tonnes of medical aid has touched down in India for the second time in two weeks as the crisis continues to grip the country.

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