The Lufthansa Group is an aviation group with operations worldwide. It plays a leading role in its European home market. With 96,677 employees, the Lufthansa Group generated revenue of EUR 35,442m in the financial year 2023. The Lufthansa Group comprises the Passenger Airlines and Aviation Services segments. Aviation Services comprises the segments Logistics and MRO, as well as Additional Businesses, which in particular include Lufthansa Aviation Training and Lufthansa Systems. An agreement to sell AirPlus was signed in 2023. The Group Functions are also part of this segment.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: The Lufthansa Group recognizes the importance of CCUS in reducing carbon emissions and supporting their commitment to achieving carbon neutrality by 2050.
- Investments and Developments: The company is investing in CCUS technologies to capture and store CO2 emissions effectively. These efforts are part of their broader strategy to mitigate climate change impacts.
- Technological Collaboration: Lufthansa collaborates with various industry partners and research institutions to advance CCUS technologies and integrate them into their operations.
Sustainability and Green Initiatives
- Emission Reduction Goals: Lufthansa aims to achieve net-zero carbon emissions by 2050 and has set interim targets to reduce net carbon emissions by 50% by 2030 compared to 2019 levels.
- Greenhouse Gas Regulations and Policies: The company supports strong regulatory frameworks that promote sustainability and emissions reductions, aligning their policies with international climate goals such as the Paris Agreement.
- Energy Transition Strategy: Lufthansa is investing heavily in Sustainable Aviation Fuel (SAF), which plays a central role in their sustainability strategy. SAF is produced from biogenic residues and offers a significantly lower CO2 footprint compared to conventional jet fuel.
Key Takeaways
- Lufthansa is committed to achieving significant reductions in carbon emissions through strategic 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 Lufthansa’s strategy for achieving its sustainability and climate goals.
Website:
https://www.lufthansagroup.com/en/company.html
10-K Report:
N/A
Sustainability Report:
https://www.lufthansagroup.com/media/downloads/en/responsibility/LH-Factsheet-Sustainability-2023.pdf
