LATAM Airlines obtained important recognition for its commitment to the environment

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LATAM Airlines obtained important recognition for its commitment to the environment
Source: Newlink
November 23, 2021

The firm was ranked fourth globally in Standard & Poor's Global Corporate Sustainability Assessment (CSA) 

LATAM Airlines Group obtained fourth place worldwide in Standard & Poor's Global Corporate Sustainability Assessment (CSA) and has positioned itself as the airline with the best sustainability performance in the American and European continents, according to the most recent results. published on November 12, 2021.

Since 1999, the Corporate Sustainability Assessment and collaboration with S&P Dow Jones Indices have been used to create the leading global sustainability benchmark. This year, more than 10,000 companies were evaluated in 3 dimensions; environmental, social and governance.

“The result obtained is very good news that encourages us and shows that we are on the right track, but it is not enough. We cannot think of a future LATAM that does not go hand in hand with the development of our ecosystems and communities. We will continue working to become the economic, social and environmental contribution that we aspire to be in the countries where we operate ”, says Roberto Alvo, CEO of the LATAM group.

During this year, the group launched its sustainability strategy based on three pillars: Climate Change, Circular Economy and Shared Value, which highlights its commitment to the protection of strategic ecosystems in South America, migration to a zero waste model to landfills. , and making its connectivity capacity available for the benefit of the communities of the region.

The lines of action of the strategy were designed collaboratively with experts and environmental organizations throughout the region and seek to make the group carbon neutral by 2050.

Climate Change: The group will seek to reduce its emissions through the incorporation of sustainable fuels and new aviation technologies that will be available from 2035. In addition, it will promote a program that will allow passengers, corporate and cargo customers the option to compensate CO2 emissions associated with their travels by supporting iconic projects in the region and as part of its value proposition, LATAM will match the amount of tons of CO2 offset.

In line with its objective of contributing to the protection and recovery of ecosystems, it recently announced the first conservation project to advance carbon neutrality: CO2BIO. An initiative that will conserve 200 thousand hectares of flooded savanna, habitat of more than 2,200 species and that has the potential to capture up to 2.8 million tons of CO2 by the year 2025.

Circular Economy: LATAM is also committed to promoting a culture of elimination, reduction, reuse and recycling throughout its operation in order to reach 2027 as a group that generates zero waste to landfills. Single-use plastics will be eliminated before 2023 and, currently, recycling actions are being implemented such as the “Recycle your Trip” program (segregation of waste generated on board such as aluminum, glass and plastic), in addition to the recycling program of uniforms to use them as raw material in new products.

Shared Value: Finally, the group will expand its capacity to transport cargo and people for health programs, natural disasters and care for the environment. Along this line is the Avión Solidario program, which collaborates with the communities, through agreements, offering free expertise, infrastructure, connectivity and speed of transport through passages and cargo transfers. Since the beginning of the pandemic, to date, the program has allowed transporting more than 165 million vaccines, more than 1 million tons of cargo of medical supplies, 3,233 health professionals and more than 1,800 organs and tissues for free.


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