Finnair has been identified as a Nordic leader for the quality of climate change related information that it has disclosed to investors and the global marketplace through CDP (formerly Carbon Disclosure Project), the international not-for-profit that drives sustainable economies.
Finnair is therefore awarded a position on the Nordic Disclosure Leadership Index (CDLI), which comprises of organisations that have scored within the top 10% in the region. Finnair’s score was 99 out of 100. The score was achieved by disclosing high quality carbon emissions and energy data through CDP’s climate change program. The reported data has been independently assessed against CDP’s scoring methodology.
“This recognition from CDP validates our efforts and ability to measure and disclose information related to climate change”, says Pekka Vauramo, Finnair CEO. “Aviation is an energy-intensive industry, and it is important to understand the impact Finnair as an airline has on climate change, to be able to take well-planned steps towards more sustainable aviation.”
Finnair is also committed to the common goal of the aviation industry to stabilise net aviation CO2 emissions at 2020 levels through carbon-neutral growth. Aviation is also pushing for a global economic mechanism for dealing with the emissions that can’t be reduced immediately. This must be done at a global level through the International Civil Aviation Organisation (ICAO).
Paul Dickinson, executive chairman and co-founder of CDP says: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
At the request of 822 investors who represent €86 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.