1 2 0 C A P I T A L A B E R H A D Capital A’s environmental initiatives are guided by the Group’s Environmental Policy, outlined in 2019, which articulates a clear commitment to the protection of the environment and the prevention of pollution. While our environmental concerns stretch across our Group endeavours, our reporting focus will be on the impact of our aviation business as it generates the bulk of our emissions. In line with the policy, we will endeavour to minimise our operational impacts by reducing our carbon footprint from fuel and energy consumption while promoting the sustainable use of natural resources, including water. By minimising our greenhouse gas emissions, we aim to contribute to climate change mitigation. Through the practice of waste elimination, reduction, reuse and recycling, meanwhile, we will reduce our waste-to-landfill. For more information on our environmental commitment, please refer to https://capitala.airasia.com/misc/CapitalA_GroupEnvironmentalPolicy2022.pdf In addition, we have established an Occupational Safety, Health & Environment (OSHE) manual that ensures we implement sustainable environmental practices in addition to complying with safety and health principles. In 2021, no sanctions were recorded arising from any non-compliance with environmental legal requirements. CLIMATE STRATEGY As climate change gains prominence as one of the most important issues on the global agenda, the aviation industry will continue to face increasing scrutiny on actions to mitigate its environmental footprint. This is compounded by the fact that, in 2021 alone, three out of four countries where AirAsia airlines are based suffered extreme weather events which impacted millions of people. We conducted a robust reassessment of our climate strategy to strengthen AirAsia’s commitment to climate responsibility and to align ourselves with the aviation industry’s ambitious goal to reach net zero by 2050. Led by the International Civil Aviation Organization (ICAO), the industry aspires to meet a series of progressive targets starting with ensuring carbon neutral growth (measured against 2019 emissions) from 2021 onwards. Based on existing technologies, there are four main approaches for AirAsia to converge towards net zero by 2050. These are: fleet management, operational eco-efficiencies, carbon offsetting and utilisation of sustainable aviation fuel (SAF). The year 2035 will mark a turning point for the Group’s emissions initiatives as this is when we expect zero-emission aircraft to be available commercially. Once this happens, we will review our investment strategies to meet our climate goals. Our climate strategy is reviewed annually to incorporate new developments. In this year’s report, we will focus on providing updates on the four above-mentioned areas. We are also improving our statistical disclosures so that our stakeholders can better understand the impact of our climate-related actions and compare them with industry best practice. Environmental
RkJQdWJsaXNoZXIy ODU0MjU5