Annual Report 2019

Below is a list of AirAsia’s Global Headquarters and respective locations: Name of Headquarters Entity RedQ AirAsia Malaysia RedNest AirAsia Thailand RedHouse AirAsia Indonesia RedPoint AirAsia Philippines RedFort AirAsia India RedBase AirAsia Japan Climate-related Risk Management As published in the Global Risks Report 2020 by the World Economic Forum, climate change has become a critical risk that is striking harder and more rapidly than expected. We recognise the occurrence of climate change, the associating adverse impacts to our operations and that the challenges before us demand immediate collective action. Hence, we take climate change into consideration when developing our business strategy and sustainability manifesto to possibly minimise any related risks. Commercial airlines are responsible for 2.5% of the total global emissions and this value is expected to triple over the coming twenty (20) years. As a responsible organisation, AirAsia understands the pressing and urgent need to address this global challenge. One of the ways in which we are doing this is to introduce sustainable aviation jet fuel-powered flights to replace conventional kerosene jet fuels. Our vision is made possible with technical support from Airbus SE and Aerospace Malaysia Innovation Center (“AMIC”) in carrying out research and developments (“R&D”) on sustainable aviation jet fuel. While this was just initiated in 2019, a demonstrator flight is also currently in the pipeline. Apart from sustainable aviation jet fuel, we are taking other significant steps to reduce our emissions. We view them as separate goals with the same aim in reducing emissions. AIRASIA GROUP BERHAD ANNUAL REPORT 2019 145 SUSTAINABILITY STATEMENT