Air Canada's Sustainability Accomplishments in 2022

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by KnowESG,

Air Canada

KnowESG_Air Canada's Sustainability Accomplishments in 2022
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Air Canada released its 2022 Corporate Sustainability Report, outlining the airline's progress on environmental, social, and governance (ESG) initiatives.

The report highlights Air Canada's commitment to reducing its environmental impact, including its investment in electric-hybrid aircraft, its introduction of a carbon offset programme, and its support for climate solutions company Carbon Engineering.

Air Canada also reports on its progress on social initiatives, such as its work to create a safe and inclusive workplace and its support for community organisations.

"We are committed to operating a sustainable business that benefits our customers, employees, and communities," said Michael Rousseau, President and Chief Executive Officer of Air Canada. "This report highlights our progress on our ESG commitments, and we are committed to continuing to make progress in the years to come."

Key Highlights of the Report

  • Agreement to purchase 30 electric-hybrid regional aircraft.

  • Introduction of a carbon offset programme.

  • Investment in climate solutions company Carbon Engineering.

  • Recruitment of eight corporate accounts to the Leave Less Travel Programme.

  • First report aligned with the Task Force on Climate-related Financial Disclosures (TCFD).

  • Named one of the World's Best Employers and one of Canada's Best Diversity Employers by Forbes.

  • Formalised several Employee Resource Groups (ERGs).

  • Supported 285 charities with over $1.6 million in donations.

  • Supported 250 community organisations.

  • More than 550 employees participated in volunteer activities.

The Future of Sustainability at Air Canada

Air Canada is committed to continuing to make progress on its ESG commitments. The airline plans to invest in new technologies that will help it reduce its environmental impact, such as sustainable aviation fuels and sustainable aircraft. Air Canada also plans to continue to support community organisations and initiatives that make a positive impact on the world.

"We believe that sustainability is essential to our long-term success," said Rousseau. "We are committed to operating a business that is good for the planet and good for the people who work for us and who rely on us."

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.

Source: CNW

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