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Blue skies, green air travel: ESG in the aviation industry

By illuminem briefings 🌎

Aug 29 2023 · 1 min read

Illuminem Voices
Battery · illuminemX · Sustainable Business

illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below

🗞️ Driving the news: The aviation industry is pivoting towards environmental priorities, blending profitability with eco-goals
• Through carbon offsetting, the adoption of sustainable aviation fuels (SAF), and streamlined federal policies, the sector aims for net-zero emissions by 2050

🔭 The context: Traditionally accounting for 11% of transportation GHG emissions, the aviation sector now prioritizes a greener future
• Driven by pressures from global climate initiatives like COP26, airlines and manufacturers are actively committing to eco-friendly practices

🌎 Why does it matter for the planet: Programs like CORSIA and mandates for sustainable aviation fuels (SAF) underscore the aviation sector's commitment to offsetting carbon emissions, aligning with broader global efforts to combat climate change

⏭️ What's next: The U.S. plans include the Aviation Climate Action Plan and the Airports Climate Challenge, which aim for net-zero GHG from the U.S. aviation sector by 2050
• The focus is on increasing the production of SAF, eliminating aviation gasoline lead emissions by 2030, and introducing new aircraft and engine technologies

📈 One stat: The aviation industry, as per European Union's climate change legislation, is pushing for a rise in the use of sustainable aviation fuels: the aim is for all aircraft at EU airports to have a minimum blend of 2% of SAF by 2025, which will gradually increase to 70% by 2050

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