Qantas Climate Fund
The Qantas Climate Fund is dedicated to investing in the development of solutions critical to meeting our sustainability targets and reducing our impact on the planet – in the air and on the ground.
About the Qantas Climate FundValuing our planet
We’re committed to minimising our impact on the planet – in the air and on the ground – so that future generations can continue to experience the wonder of travel.
Our approach
We recognise human-induced climate change is a significant issue for the aviation industry. We're committed to reducing our emissions in line with the Paris Climate Agreement to limit warming to well below 2°C above pre-industrial levels, and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels.
In 2019, we were the second airline in the world to announce our commitment to achieving net zero emissions by 2050 and capping our net emissions at 2019 levels. In March 2022, we announced new emission targets as part of our Group Climate Action Plan (PDF) (CAP), including a 25 per cent reduction in net emissions from 2019 levels by 2030 as well as:
Qantas also entered into a US$200m joint investment partnership with Airbus to accelerate the establishment of a SAF industry in Australia.
For further information on our progress against our targets, refer to our 2022 Sustainability ReportOpens external site.
The Qantas Group operates integrated management systems that satisfy safety, health, security and environment legislative and regulatory requirements. Our environment activity is supported by robust governance processes to ensure performance and risks are monitored, which includes oversight by the Qantas Board Committee for Health, Environment, Safety and Security.
Qantas supports the Task Force on Climate-related Financial Disclosures (TCFD). Our response to its recommendations can be found in the Climate action section of our 2022 Sustainability ReportOpens external site in a new window.
CORSIA
The Carbon Offset and Reduction Scheme for International Aviation (CORSIA) was a historic agreement reached by the International Civil Aviation Organization (ICAO) in 2016 to meet the industry’s commitment to carbon neutral growth. Commencing in 2021, CORSIA requires airlines to purchase carbon offsets to meet their share of emissions growth from a 2019 baseline.
The Qantas Group commenced reporting its international emissions for CORSIA compliance from 1 January 2019, complementing the reporting of domestic emissions it has been conducting under the Australian Government’s National Greenhouse and Energy Reporting Scheme since 2009.
Footnotes
Disclaimer: * An average 1.5 per cent per annum fuel efficiency improvement starting from 2023, baselined to 2019.
Disclaimer: ^ Excludes items required for medical or health and safety reasons.
Disclaimer: + Excludes quarantine waste, a highly regulated and specialised waste stream with limited waste diversion pathways. All waste associated with international ports (inbound and outbound) is treated as quarantine waste.