SANTIAGO (CHILE) - LATAM Airlines Group was recognized as the most sustainable airline group within the Americas, Europe and Oceania and fourth globally, in Standard & Poor's (S&P) Sustainability Yearbook 2022 edition.
51 companies in the industry were evaluated through criteria that measured the best environmental, social and corporate governance practices. This year, LATAM was named in the Bronze category for its outstanding management in the following areas: Environmental and Social Report, Climate Strategy, Passenger Safety, Indicators of Labor Practices, Corporate Citizenship and Philanthropy, among others.
"We are proud that a company from this part of the world has been recognized by an organization as important as S&P, in a dimension that is critical for all companies today. We have many plans and aspirations as a group. We have set very demanding goals for ourselves. In the coming months, we hope to announce new initiatives that will allow us to continue advancing in the protection of iconic ecosystems in Latin America and the migration to a zero waste to landfill model, and to increase our connectivity capacity for the benefit of the region’s communities,” said Roberto Alvo, CEO of LATAM Airlines Group.
“We congratulate LATAM Airlines Group on its Bronze Award in The Sustainability Yearbook 2022, which showcases the best performing companies among industry peers and in terms of financially material ESG metrics. With over 7,000 companies assessed, an inclusion in the yearbook is a true statement of corporate sustainability excellence,” said Manjit Jus, Managing Director, Global Head of ESG Research, S&P Global.
It should also be remembered that the group launched its sustainability strategy last year, highlighting its commitment to the protection of strategic ecosystems in South America, migration to a zero waste to landfill model, and making its connectivity capacity available for the benefit of the region’s communities.
The strategy’s lines of action were designed collaboratively with experts and environmental organizations throughout the region and seek to make the group carbon neutral by 2050.