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To guide us on our journey to net zero carbon emissions by 2050 we have announced a 2030 interim science-based target, which has been validated by the Science Based Targets initiative (SBTi). A science-based target provides us with a clear pathway to reduce our emissions to prevent the worst effects of climate change.
Our 2030 interim science-based target is to reduce carbon intensity by 28.9%, from a 2019 baseline. This equates to a 16.3% reduction in absolute emissions over the period. Carbon intensity means the greenhouse gas emissions per revenue tonne kilometre (RTK). RTK is a measure of passenger and cargo payload carried by Air New Zealand.
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This target requires Air New Zealand to reduce the carbon intensity associated with the “well to wake” emissions from the jet fuel it uses – these are the entire life cycle emissions of the jet fuel. This includes emissions from the use of jet fuel in flight (referred to as scope 1 emissions) as well as the emissions generated by the extraction, production, and distribution of that jet fuel (referred to as category 3, scope 3 emissions).
Implementing our decarbonisation roadmap will be critical to achieving this target – with sustainable aviation fuel (SAF), continued fleet renewal, operational efficiency, and next generation aircraft technologies all playing a role.
Science-based targets validated by the SBTi show companies how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climate change. Setting a science-based target allows businesses to set a robust and credible carbon reduction target that is independently assessed to ensure it aligns with the latest climate science. Getting the target validated by the SBTi was a rigorous process whereby Air New Zealand’s GHG emissions were reviewed in detail by the SBTi to ensure an accurate emissions baseline was identified and a science-based target was set.
Science-based targets are targets aligned to the commitments made by world governments in 2015 through the Paris Agreement to limit global temperature rise to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. Air New Zealand’s target is aligned to a ‘well-below 2°C’ pathway. The SBTi is developing a more ambitious 1.5°C aligned methodology for aviation. Air New Zealand will continue to engage with the SBTi on this methodology and will evaluate the 1.5°C pathway once it is released. The globally recognised and consistent scientific approach to setting a science-based target allows progress on carbon reductions to be compared with other companies’ decarbonisation efforts. Over 1,500 companies are leading the transition to a net zero economy by setting emissions reduction targets validated by the SBTi.
