Finnair recognised again as a Nordic leader in climate-change related actions

Environmental Operations

Finnair has been identified as a Nordic leader again in 2016 in climate-change related corporate actions and communication to investors and other stakeholders by CDP, the independent international not-for-profit for promoting environmental reporting.

Finnair was listed in the Nordic Disclosure Leadership Index with the score A–. In the Nordic countries, there were 39 companies that reached the Leadership level by achieving the score A or A–.

Companies that achieved the Leadership level were considered to represent the best practice in advancing environmental stewardship, to thoroughly understand the risks and opportunities related to climate change, as well as to formulate and implement strategies to mitigate or capitalize on these risks and opportunities and to disclose high quality carbon emissions and energy data in accordance with CDP’s methodology. The reported data has been independently assessed against CDP’s scoring methodology.

“This recognition validates our commitment to understand the impact of our own operations on climate change and to promote more sustainable aviation ", says Kati Ihamäki, Director for Corporate Sustainability at Finnair. "Finnair reduces its emissions and other environmental impacts through the use of modern technology, the adoption of sustainable alternative fuels, efficient operational practices and improvements in infrastructure.”

At the beginning of October, Finnair signed a historic agreement in the assembly of the International Civil Aviation Organization (ICAO) on the implementation of market-based emission reduction scheme. The purpose of the scheme is to stabilise airline emissions at the level of 2020.

CDP is an international, not-for-profit organization providing the only global system for reporting environmental information. It is backed by 827 institutional investors with assets of approximately €96 trillion. Thousands of companies disclose environmental information annually through CDP. Top scores indicate a high level of preparedness and transparency in climate change-related actions, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.

The CDP scores for 2016 were published on 25 October. The average score for Nordic companies was B–. The 260 largest Nordic companies were invited to the survey, of which 55% participated.

CDP’s annual Climate Change Report and the scores and responses of all companies participating publicly in the programme are available at the CDP website.