The program will neutralize CO2 emissions from business air travel through investments in sustainable projects and conservation of the region’s natural resources.
SANTIAGO – LATAM Airlines Group, leading airline group in Latin America, and SCX, the first private climate stock exchange in the Southern Hemisphere, have launched NEUTRAVEL, the first program in the region dedicated to offsetting CO2 emissions from corporate air travel.
NEUTRAVEL brings together the leading organizations in the area of sustainability and is designed to support responsible policies for the neutralization of CO2 emissions from business air travel through projects that conserve natural resources, generate renewable energy and other initiatives that benefit the environment and society in our region.
SCX offers a platform for measuring and verifying emissions from any business air travel on any global airline, allowing its partner companies to offset their emissions by contributing to projects that work to reduce CO2 emissions.
Emission reduction commitments from the ten companies that have initially joined the program account for more than 17,000 tons of CO2, and in its first year, NEUTRAVEL hopes to reach 50,000 tons of CO2 (equal to the carbon captured in one year by planting more than 6 million native trees).
Partner companies will neutralize emissions through investments in certified emission compensation projects, together with accredited in-house reductions. The projects covered by NEUTRAVEL include nature conservation initiatives (Amazon Forests in Peru, Valdiviana Reserve in Chile, Choco Darien in Colombia) and non-conventional renewable energy projects in Chile, including the Hornitos Center in the V Region and Nueva Aldea in the VIII region.
LATAM Airlines Group will provide, to the companies that are part of the program and make the request, specific emission factor information of their business travel flights in an effort to support the measurement of its impact on the organization’s carbon footprint.
“Thanks to this alliance and the strength and experience that SCX and LATAM Airlines Group brings to the program, we will advance this initiative and provide a concrete solution to a real issue faced by companies, generating a positive impact on the environment and communities,” commented Juan Andres Camus, Chairman of SCX.
“We are very proud to have been invited by SCX to participate in an innovative Latin American program for sustainability that offers concrete solutions. We here at LATAM Airlines Group are leaders in operating efficiency and are committed to the environment. We are constantly renewing our aircraft fleet, currently one of the youngest in the industry, and implementing practices to ensure that our daily operations are more efficient. These policies have led to one of the lowest rates of tons of CO2 emissions per kilometer transported in the global airline industry, at 15% lower than the average,” said Pablo Querol, Vice President of Corporate Affairs LAN.
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