Air France–KLM S.A., also known as Air France–KLM Group, is a French airline holding company with its headquarters in the rue du Cirque, Paris. The group’s three major brands are Air France, KLM and Transavia. Air France–KLM is the result of the merger in 2004 between Air France and KLM.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: Air France-KLM views CCUS as a crucial technology for mitigating climate change by capturing and storing CO2 emissions from aviation operations.
- Investments and Developments: The company is investing in CCUS projects and technologies to effectively capture and store carbon emissions. These initiatives are part of their broader strategy to reduce the environmental impact of their operations.
- Technological Collaboration: Air France-KLM collaborates with industry partners, research institutions, and government bodies to advance CCUS technologies and ensure their integration into the aviation industry.
Sustainability and Green Initiatives
- Emission Reduction Goals: Air France-KLM aims to achieve net-zero carbon emissions by 2050. The company has set interim targets to reduce their net CO2 emissions by 50% by 2030 compared to 2005 levels.
- Greenhouse Gas Regulations and Policies: Air France-KLM supports stringent regulatory frameworks that promote sustainability and emissions reductions, aligning their policies with international climate goals such as the Paris Agreement.
- Energy Transition Strategy: The group is heavily investing in Sustainable Aviation Fuel (SAF), which is produced from renewable resources and has a significantly lower carbon footprint compared to conventional jet fuel. They aim to increase the use of SAF to 10% of their total fuel consumption by 2030.
Key Takeaways
- Air France-KLM is committed to achieving significant reductions in carbon emissions through investments in CCUS, SAF, and other sustainable practices.
- The company is actively working to enhance energy efficiency and reduce its carbon footprint across all operations.
- Collaboration with industry partners, governments, and research institutions is central to Air France-KLM’s strategy for achieving its sustainability and climate goals.
Website:
https://www.airfranceklm.com/en
10-K Report:
N/A
Sustainability Report:
https://www.airfranceklm.com/sites/default/files/2024-04/af_urd_2023_uk_vmel2_260424.pdf
