Climate change and resource constraints
Responding to climate change and scarcity of resources.
Human-induced climate change and resource scarcity are global challenges that demand a coordinated response from governments, businesses and individuals. We are playing an active part in that response.
The physical impacts of climate change are materialising with increased frequency and intensity - of floods, heatwaves, bushfires and devastating droughts. The impact is felt by communities around the world, influencing consumer behaviour and shaping regulation.
Creating value for our shareholders and addressing our impact on the environment and the communities in which we operate are inextricably linked. The ongoing challenge for airlines, given our carbon intensity, is to keep improving fuel efficiency and harnessing new technology and new ways of working to cut emissions. We also have a responsibility for leadership along our supply chains.
How Qantas is responding
We’re leading the way on sustainable aviation through our commitment to achieve net-zero emissions by 2050, while capping our net C02 emissions at 2020 levels and implementing the world’s most ambitious airline waste reduction targets.
Aviation was the first industry to voluntarily commit to emissions targets as far out to 2050. The industry has also agreed to a global regulatory scheme, which comes into force from 2021 under the United Nations body for aviation – the International Civil Aviation Organisation. In aiming for net zero emissions by 2050, Qantas has set a target that goes above and beyond the global industry commitment. In addition:
- Over the last decade we've built the world's largest airline carbon offset program and have leveraged this capability to provide offset services to more than 30 corporate customers and business partners. We’ve created new incentives for customers to Fly Carbon Neutral – we give 10 Qantas Points per dollar spent on offsetting to all Qantas Frequent Flyers and Qantas Business Reward members, and we match every dollar spent by customers who tick the box to fly carbon neutral
- We’re committing $50 million to the development and increased uptake of a sustainable aviation fuels industry both in Australia and at our international ports.
- We’ve replaced older aircraft with the more fuel efficient Boeing 787 Dreamliner and A321NEO.
- We're using innovative data analytics to quantify our impact and better identify opportunities to improve.
- We’re undertaking scenario analysis to ensure we understand the short-term and long-term climate-related physical and transitional risks, and responding accordingly to manage these risks through strengthened governance, technology, operational and market-based levers. See Managing climate risk for more information.
- We’re delivering year-on-year improvements in fuel burn through simple efficiency measures such as increased use of ground power for aircraft at the gate (rather than on-board turbines) and new operational procedures like ‘single engine taxi’. See Reducing emissions for more information.
- We've formed partnerships with regulators, manufacturers, and innovation leaders, from Airservices Australia to GE and Tesla, to drive industry transformation.