NEW YORK--(BUSINESS WIRE)--
JetBlue (Nasdaq: JBLU) this week released its annual environmental social governance (ESG) report detailing the airline’s long-term emissions and climate risk management strategy, among other topics. The 2018 report is available here.
Concentrating on areas important to investors, this year’s report was crafted according to SASB standards for the airline industry and recommendations for financial and climate-related risk disclosures from TCFD. The report details JetBlue’s long-term strategy – mitigating ESG risk, investing in more fuel-efficient aircraft and technology and fueling the aviation talent pipeline of the future.
“Reducing emissions and mitigating climate risk are critical as we evaluate the future of our business and industry,” said Sophia Mendelsohn, head of sustainability and environmental social governance, JetBlue. “Investments in new technology such as the Airbus A220 to replace older aircraft and the A321neo will help reduce our CO2e emissions per seat by up to 40 percent. This in turn will lower our operational costs over time. Tuning into and acting on social and environmental trends and their benefits and implications are key to ensuring our business future.”
Highlights from this year’s ESG report include:
In 2018, JetBlue became the first airline and one of the first U.S. publicly traded companies to incorporate SASB disclosures in its ESG reporting. JetBlue was also one of the first companies to introduce voluntary climate-related disclosures recommended by the TCFD. TCFD is designed to improve market understanding and analysis of climate-related risks and opportunities through disclosure recommendations that are useful to stakeholders in understanding material risks.
JetBlue’s Commitment to Environment and Social Issues – JetBlue communicates transparently about climate change and depends on natural resources and a healthy environment to keep its business running smoothly. JetBlue continuously investigates ways to mitigate climate risk exposure, improve operational efficiency and reduce its environmental impact. For more on JetBlue’s work to reduce emissions and its environmental strategy, visit jetblue.com/sustainability.
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information, please visit jetblue.com.
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