Air New Zealand Withdraws from Science Based Targets Initiative
Air New Zealand has announced its decision to withdraw from the Science Based Targets initiative (SBTi) and remove its 2030 science-based carbon intensity reduction target. The airline cited multiple challenges that are beyond its direct control, such as the availability of new aircraft, the affordability and availability of alternative jet fuels, and the necessary global and domestic regulatory support.
Key Points of the Announcement:
- Challenges Beyond Control: Air New Zealand CEO Greg Foran highlighted that several critical factors needed to meet the 2030 target, including fleet renewal delays due to global manufacturing and supply chain issues, are outside the airline’s control.
- Potential Fleet Renewal Delays: The potential delays in the introduction of newer, more fuel-efficient aircraft pose a significant risk to achieving the 2030 target.
- New Emission Reduction Targets: The airline is now considering new near-term carbon emissions reduction targets that better reflect the industry’s current challenges.
- Commitment to 2050 Net Zero Target: Despite retracting the 2030 target, Air New Zealand remains committed to its 2050 net zero carbon emissions goal. The company continues its efforts to transition away from fossil fuels and advocates for the necessary regulatory and policy support.
Statements from Leadership:
- Greg Foran, CEO: “Given so many levers needed to meet the target are outside our control, the decision has been made to retract the 2030 target and withdraw from the SBTi network immediately.”
- Dame Therese Walsh, Chair: “Air New Zealand remains committed to reaching its 2050 net zero carbon emissions target. Our work to transition away from fossil fuels continues, as does our advocacy for the global and domestic regulatory and policy settings that will help facilitate Air New Zealand, and the wider aviation system in New Zealand, to do its part to mitigate climate change risks.”
