Climate Change Data

Stephenson Harwood LLP

Climate Impact & Sustainability Data (2022, 2024)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability

Environmental Achievements

  • Flight100 achieved 64% lower life cycle CO2 emissions compared to conventional fuel.

Climate Goals & Targets

Long-term Goals:
  • Achieve Jet Zero by 2050

Environmental Challenges

  • ASA ruling deemed Virgin Atlantic's advertisement misleading regarding the use of 100% SAF.
Mitigation Strategies
  • Future advertisements will include qualifying information to explain SAF's environmental impact.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Sustainability

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Aviation industry target of carbon net zero by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Greenwashing accusations against airlines for misleading environmental campaigns.
  • Slow progress in reaching carbon net-zero targets.
  • Limited availability and high cost of Sustainable Aviation Fuels (SAF).
Mitigation Strategies
  • Increased scrutiny of environmental claims by regulators and consumer groups.
  • Development and use of SAF (though its scalability is questioned).
  • Guidance from regulatory bodies like the CMA and ASA on making truthful environmental claims.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts related to sustainability
Opportunities
  • Development of SAF

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • SAF

Awards & Recognition

  • Not disclosed