Climate Disclosure Leadership Index
Finnair Identified as a Nordic Leader in Climate Change Related Information
Helsinki, November 4, 2015: 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 Organization (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.
CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.
About Finnair: Finnair flies between Asia, Europe and North America with an emphasis on fast connections via Helsinki, carrying more than nine million passengers annually and connecting 17 cities in Asia with more than 60 destinations in Europe. The airline, a pioneer in sustainable flying, is the European launch customer of the next-generation, eco-smart Airbus A350 XWB aircraft and is the first airline listed in the Leadership Index of the worldwide Carbon Disclosure Project. The only Nordic carrier with a 4-star Skytrax ranking, Finnair has also won the World Airline Award for Best Airline Northern Europe for the past six years running. Finnair is a member of oneworld, the alliance of the world’s leading airlines committed to providing the highest level of service and convenience to frequent international travellers.
About CDP: CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of €86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,500 companies disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow @CDP to find out more.