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25/03/2024 By : Tayla-Jane Nelson

Lufthansa Group again receives top rating in the renowned CDP climate ranking

−   CDP awards the Lufthansa Group an "A-" rating in the highest ranking band for the second year in a row

−   Top rating confirms the Lufthansa Group's pioneering role in the industry

−   Proof of ambitious CO2 reduction strategy

Frankfurt, 29 February 2024 - In the global climate ranking 2023 of the non-profit organization CDP (formerly Carbon Disclosure Project), the Lufthansa Group has once again received a top rating for its CO2 reduction strategy and its implementation. On a scale from "A" (best result) to "D-", the company was placed in the highest ranking band for the second year in a row with a scoring result of "A-". The top rating confirms the Lufthansa Group's global pioneering role in its commitment to more sustainable aviation. CDP has awarded the Lufthansa Group top marks for reporting in the following assessment categories: Scope 1 & 2 (direct emissions & indirect emissions from purchased energy), Scope 3 (indirect emissions within the supply chain), measures to reduce emissions and low-emission products as well as the disclosure of risks and opportunities.

 

CDP climate ranking regarded as the global gold standard
CDP is a global platform for the disclosure of information on the sustainability of companies, cities and regions. The Lufthansa Group has been participating in CDP reporting since 2006 and thus informs relevant interest groups continuously and transparently about its strategy and measures to reduce CO2 emissions. Every year, CDP uses a standardized process to collect information on CO2 emissions, sustainability strategies and targets from more than 23,000 companies, representing around two thirds of global market capitalization.

 

In the field of environmental reporting, the London-based organization’s climate ranking is regarded as the global gold standard. CDP is a partner of the independent Science Based Targets initiative (SBTi). The data collected is also used to a large extent in other assessments by leading rating agencies. Experts from the Lufthansa Group carefully analyze the company's performance in ratings and sustainability indices with the aim of further improving the company's performance.

 

Lufthansa Group pursues ambitious sustainability goals
The Lufthansa Group has set itself ambitious climate protection goals and aims to achieve a neutral CO₂ balance by 2050. Already by 2030, the Lufthansa Group wants to halve its net CO₂ emissions compared to 2019 through reduction and compensation measures. The reduction share of the 2030 target was validated by SBTi in August 2022. The Lufthansa Group was the first airline group in Europe with a science-based CO₂ reduction target in line with the goals of the 2015 Paris Climate Agreement. For effective climate protection, the Lufthansa Group is focusing in particular on accelerated fleet modernization, the use of Sustainable Aviation Fuel (SAF), the continuous optimization of flight operations, and offers for its private travelers and corporate customers to make a flight or the transport of cargo more sustainable. In addition, the Lufthansa Group has been actively supporting global climate and weather research for many years.

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