Finnair makes strides in carbon disclosure and emissions reduction
10/24/2011 8:36 AM EST
Finnair Plc
Press release
Finnair makes strides in carbon disclosure and emissions reduction
The Carbon Disclosure Project, operator of the world's only global climate
change reporting system, has commended Finnair for its efforts to substantially
reduce greenhouse gas emissions, improve reporting capabilities, and recognize
the strategic business risks associated with climate change. In the CDP's
Nordic Report 2011, Finnair scored higher than any other airline in the Nordic
region.
Finnair earned a score of 76 out of 100, a strong improvement over its 2010
score of 61. A score greater than 70 puts a company in the “high” category of
climate change-aware firms. In such companies, the report explains, “senior
management understand the business issues related to climate change and are
building climate related risks and opportunities into core business.”
The CDP report singled out Finnair for its leadership on biofuels and for its
travel agencies' significant emissions reductions. CDP reports from the rest of
the world are forthcoming later this year.
“This is a really positive step forward,” says Kati Ihamäki, Vice President,
Sustainable Development. “It's a clear signal that we're on the right track to
reduce emissions over the long term and will hold a competitive advantage when
we begin to participate in forthcoming emissions trading schemes.”
Since 1999, Finnair has reduced its emissions per seat by a quarter. By 2017,
the airline is committed to further reducing its emissions per seat by 24
percent from 2009 levels. In pursuit of the eventual long-term goal of
carbon-neutral aviation, the airline follows a four-pillar strategy:
technological advancement, operational improvement, infrastructure development,
and support for a global emissions trading scheme.
More than 3,000 organizations in 60 countries measure and disclose their
greenhouse gas emissions, water management and climate change strategies
through the Carbon Disclosure Project, an independent, not-for-profit NGO that
assists companies in setting reduction targets and making performance
improvements. CDP gathers data on behalf of 551 institutional investors holding
71 trillion USD in assets (51 trillion euros).
“Company responses this year are an abundant source of examples of innovation,”
says Amanda Haworth Wiklund, Director of CDP Nordic. “Nordic companies are
showing that superior products can be made using less energy and fewer scarce
natural resources.”
Finnair began participating in the CDP in 2007.
Finnair Plc
Communications
24.10.2011
Further information:
Kati Ihamäki, Vice President, Sustainable Development, Finnair, tel +358 9 818
4101
Finnair Media Desk tel. +358 9 818 4020, comms(a)finnair.com
Photobank: http://gallery.finnair.com
Finnair blogs: http://blogs.finnair.com
Finnair on Facebook: www.facebook.com/finnair
Finnair Group website: www.finnairgroup.com
Feel Finnair: http://feel.finnair.com
Carbon Disclosure Project: www.cdproject.net