Ongoing transparency in reporting metrics and
targets used to assess and manage climate-related risks and
opportunities
MONTREAL, Aug. 17,
2022 /CNW Telbec/ - Air Canada today issued its first
report aligned with the Task Force on Climate-related Financial
Disclosures (TCFD).
"We are proud and pleased to release our first TCFD-aligned
report, reinforcing Air Canada's long-standing commitment to
transparency on Environmental, Social, Governance (ESG) matters,
while underscoring our ongoing work towards achieving our long-term
goal of net-zero greenhouse gas (GHG) emissions globally by 2050,"
said Michael Rousseau, President and
Chief Executive Officer at Air Canada. "Our objective is to provide
investors and other stakeholders the necessary information to
properly evaluate climate impacts and performance. This will also
support our business development as we work to decarbonize and
transform our industry with positive changes to help protect our
planet for our employees, customers and communities, now and well
into the future."
Air Canada's TCFD report
addresses its governance structure, strategies, risk management and
practices as they relate to climate change. The airline's TCFD
report complements its annual CDP (Climate Disclosure Project)
disclosure report and corporate sustainability report (Citizens of
the World). Since 2019, Air Canada has also been reporting to
Transport Canada in relation to the ICAO Carbon Offsetting and
Reduction Scheme for International Aviation (CORSIA), which applies
to certain international flights and is aimed at achieving the
aviation industry's carbon neutral growth target.
The Financial Stability Board (FSB) established the TCFD, an
industry-led disclosure task force to develop voluntary, consistent
climate-related financial risk disclosures for use by companies in
providing information to lenders, insurers, investors and other
stakeholders. More information about TCFD is here.
To download the 2022 Air Canada TCFD report, please click here.
For more information on Air Canada's environmental and
sustainability programs, please visit our Leaveless site.
About Air Canada
Air Canada is Canada's largest airline, the country's flag
carrier and a founding member of Star
Alliance, the world's most comprehensive air transportation
network celebrating its 25thanniversary in 2022. Air
Canada provides scheduled
passenger service directly to 51 airports in Canada, 51 in the
United States and 86 internationally. It is the only
international network carrier in North
America to receive a Four-Star ranking from Skytrax, which
in 2021 gave Air Canada awards for the Best Airline Staff in
North America, Best Airline Staff
in Canada, Best Business Class
Lounge in North America, and an
excellence award for managing COVID-19. Through its leading
travel loyalty Aeroplan program, Air Canada offers the ability to
earn or redeem points on the world's largest airline partner
network of 45 airlines, plus through an extensive range of
merchandise, hotel and car rental rewards. Its freight division,
Air Canada Cargo, provides air freight lift and connectivity to
hundreds of destinations across six continents using Air Canada's
passenger flights and cargo-only flights with its fleet of Boeing
767-300 freighters. Air Canada has
committed to a net zero emissions goal from all global operations
by 2050.
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