easyJet launches SBTi aligned net-zero roadmap (1448813)
26 Settembre 2022 - 8:00AM
UK Regulatory
easyJet plc (EZJ) easyJet launches SBTi aligned net-zero roadmap
26-Sep-2022 / 07:00 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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26 September 2022
easyJet plc
('easyJet')
easyJet launches SBTi aligned net-zero roadmap
easyJet continues its sustainability journey today by setting
out an ambitious plan through to 2050
-- SBTi aligned roadmap with targets to achieve? 35% carbon
emission intensity reduction by 2035 (validated by SBTi)1 ? 78%
carbon emission intensity reduction by 2050 with residual emissions
addressed through carbonremovals
-- Focus on new technology with the ambition to achieve zero
carbon emission flying across entire fleet inthe long-term
-- Sustainability investments to focus on delivering this
roadmap including Rolls Royce partnership anddescent profile
optimisation enhancements
Overview
easyJet is a highly efficient operator with carbon intensity c.
18% lower than the global narrowbody average2. Today's announcement
sets out the next phase on the airline's journey to achieve
net-zero carbon emissions by 2050. Investments will transition away
from offsetting to focus on driving in-sector emission reductions
to deliver our Net Zero roadmap.
There are a number of levers which will help us achieve this
target which include:
Fleet renewal: NEO aircraft minimise fuel burn and emissions
through current technology of which easyJet has 168 aircraft
orders3 to be delivered up until FY29.
Operational efficiencies: Delivered through fuel savings from
numerous initiatives including Descent Profile Optimisation, single
engine taxiing and engine washing.
Sustainable Aviation Fuels (SAF): easyJet will use at scale in
line with Refuel EU proposed mandates as a minimum.
Airspace modernisation: Potential to achieve at least a 10%
reduction by 2035 through implementation of Single European Sky and
modernisation of UK airspace.
Zero carbon emission aircraft: Committed to be an early adopter
in transitioning the fleet when the technology is available and
commercially viable.
Carbon removal technology: Residual emissions will be removed to
reach net-zero by 2050.
Johan Lundgren, CEO of easyJet, said:
"Challenging the status quo is in easyJet's DNA - from making
flying affordable for everyone, to leading the sector on
decarbonisation. I'm very proud to be able to confirm today that
our target of a further 35% reduction in carbon emissions intensity
by 2035 has now been validated by the Science-Based Targets
initiative - making easyJet the first low-cost carrier worldwide to
have announced this. Since 2000, over a twenty year period, we have
already reduced our carbon emissions per passenger, per kilometre
by one-third, so this marks a significant acceleration in our
decarbonisation.
"Today, we're the first airline to outline an ambitious roadmap
in which zero carbon emission technology plays a key role to take
us to net-zero emissions by 2050 and ultimately to zero carbon
emission flying across our entire fleet. And I'm really pleased
that our partner Rolls Royce has also confirmed today it is making
final preparations for the first hydrogen engine tests to take
place.
"We will be implementing our roadmap step by step in the years
to come, helping to ensure more sustainable travel is accessible to
all for the benefit of the next generation and our planet."
Presentation
easyJet's CEO, Johan Lundgren and interim COO David Morgan will
be hosting a live streamed presentation this morning at 11:30am.
This can be accessed via the following link:
https://easyjetnetzero.com/investor-relations-registration.
Current Traffic Stats
July 22 August 22 July 21 August 21
Passengers (thousand) 8,137 8,310 3,690 5,126
Seats flown (thousand) 8,747 8,928 4,989 6,502
Load factor 93% 93% 74% 79%
For further details please contact easyJet plc:
Institutional investors and analysts:
Michael Barker Investor Relations +44 (0) 7985 890 939
Adrian Talbot Investor Relations +44 (0) 7971 592 373
Media:
Anna Knowles Corporate Communications +44 (0) 7985 873 313
Edward Simpkins FGS Global +44 (0) 7947 740 551 / (0) 207 251 3801
Dorothy Burwell FGS Global +44 (0) 7733 294 930 / (0) 207 251 3801
Notes: 1. easyJet plc commits to reduce well-to-wake GHG
emissions related to jet fuel from owned and leasedoperations by
35% per revenue tonne kilometre (RTK) by FY2035 from a FY2019 base
year. The target boundary includesbiogenic emissions and removals
from bioenergy feedstocks. Non-CO2e effects which may also
contribute to aviationinduced warming are not included in this
target. 2. Based on global narrowbody CO2/RPK in 2019 (ICCT) 3. As
at 16 August 2022
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ISIN: GB00B7KR2P84
Category Code: MSCM
TIDM: EZJ
LEI Code: 2138001S47XKWIB7TH90
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 190143
EQS News ID: 1448813
End of Announcement EQS News Service
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September 26, 2022 02:00 ET (06:00 GMT)
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