LATAM is the world’s fifth most sustainable airline, according to Standard & Poor’s
LATAM Airlines Group is the fifth best performing airline in sustainability worldwide and the first in the Americas and Europe, according to the most recent Corporate Sustainability Assessment (CSA) by Standard & Poor’s (S&P Global).
This result allowed the group to be the only airline in the continent to be present in the 2023 edition of “The Sustainability Yearbook”, a yearbook in which the prestigious risk rating agency S&P highlights those companies that have had an outstanding growth in the evaluation of their sustainability management, standing out for their environmental, social and corporate governance practices.
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“The positive position we achieved in Standard & Poor’s sustainability assessment reflects the systematic work that the LATAM group is doing, which translates into concrete actions such as eliminating single-use plastics by the end of this year, advancing on the roadmap to be zero waste to landfill by 2027 or the conservation of more than 500 thousand hectares in South America,” commented Juan José Toha, Director of Corporate Affairs and Sustainability of the LATAM group.
To qualify for the yearbook, companies must score in the top 15% of their industry and achieve an overall S&P sustainability score in the top 30% of the best performing company in their area. In the 2023 edition, out of a total of 7,800 companies evaluated, 57 were airlines, of which, according to the evaluation, only 5 made it into the yearbook.
LATAM Sustainability Strategy
In May 2021, LATAM launched its renewed sustainability strategy with three pillars: Climate Change, Circular Economy and Shared Value, highlighting its commitment to protecting South America’s strategic ecosystems, migrating to a zero waste to landfill model, and making its connectivity capacity available for the benefit of the region’s communities. The goals established by LATAM are to reduce and offset the equivalent of 50% of domestic emissions by 2030, on the way to achieving carbon neutrality by 2050. In addition, to set the goals of eliminating single-use plastics throughout the operation by 2023; and to become a zero-waste-to-landfill group by 2027.
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