Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Customers

Environmental Achievements

• Reduced CO2 emissions per passenger/km by 10% (to <60g) by 2030 (target)
• Invested $22 billion in new fuel-efficient 'Gamechanger' aircraft, reducing fuel consumption by 16% per seat and noise emissions by up to 40%
• 80% recyclable plastics on board flights, aiming for 100% by 2025
• Achieved 100% continuous descent arrival on over 1,500 flights into London’s Stansted
• Saved 80,000 tonnes of fuel through continuous descent operations
• Saved 68,000 tonnes of fuel through single-engine taxi policy
• A3 BER certified energy-efficient headquarters

Social Achievements

• More than 60% of promotions to middle and senior management roles were female in the past 12 months
• 36% of the Group Board are female leaders
• Created over 17,000 highly-paid, high-skilled jobs
• Established Colleague Contribution Panels to gather employee feedback
• Concluded long-term collective labour agreements with employees in major European markets

Governance Achievements

• Board has ultimate oversight of sustainability goals, including climate-related issues
• Sustainability Committee guides actions and performance, reporting quarterly to the Board
• Annual cyber security training for all employees
• Annual data protection training for all employees

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic's impact on business
• Need to further address climate change, sustainability, and equality
• Limited availability of Sustainable Aviation Fuel (SAF)
• High environmental taxes hindering investment in climate-friendly solutions
• Inefficient Air Traffic Management (ATM) systems

Mitigation Strategies

• Post-Covid recovery strategy focusing on environmental impact reduction and customer service improvement
• Investment in new fuel-efficient aircraft and SAF research
• Advocating for government support of SAF initiatives and smarter regulation
• Implementing continuous descent operations, single-engine taxiing, and digital flight planning
• Carbon offsetting initiatives
• Reviewing Diversity, Equality and Inclusion programme

Supply Chain Management

Responsible Procurement

• Considering environmental footprint of vendors in purchasing decisions
• Working with vendors to reduce waste and adopt sustainable production methods

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts towards sustainable aviation

Opportunities

• Development of energy-efficient products and services
• Increased use of SAF

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, Paris Agreement, UN Global Compact, SASB (Airline Industry Standard), TCFD

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through investments in fuel-efficient technology, SAF, and carbon offsetting

Environmental Metrics

ESG Focus Areas

• Climate Change
• Safety & Security
• Training & Development
• Customer Service
• Social Impact
• Governance

Environmental Achievements

• CO2 per passenger km dropped to pre-Covid levels despite ATC disruption and lower load factors.
• Took delivery of 37 Boeing 737-8200 “Gamechanger” aircraft (16% more fuel-efficient, 40% less noise).
• Signed a record aircraft order for up to 300 Boeing 737-MAX-10s (21% more seats, 20% less fuel, 50% quieter).
• Signed agreement to retrofit 409 Boeing 737-800NGs with split scimitar winglet technology (1.5% fuel efficiency improvement).
• Significant progress towards 12.5% SAF by 2030 goal; expanded SAF partnerships with Neste, OMV, Repsol, and Shell.
• 100% of Ryanair aircraft complied with ICAO 10-decible criterion.

Social Achievements

• Fully restored pay (28 months early) by agreement with unions for crew on new long-term multi-year pay agreements.
• Recruited over 3,500 people across the Group in the past 12 months.
• Launched a major recruitment drive to fill over 150 tech roles at Ryanair Labs.
• Set up a fast-track recruitment process for those affected by competitor closures.
• Hosted over 100 Cabin Crew recruitment events, visited more than 30 pilot flight schools, 10 universities, and hosted 3 on-site tech open days.

Governance Achievements

• Michael O'Leary agreed a contract extension as Group CEO until at least July 2028.
• Three new NEDs joined the Ryanair Board; 38% of the Board are women.
• Ryanair's Board approved an updated Code of Business Conduct & Ethics and Anti-Bribery & Anti-Corruption Policies.
• Senior management’s short and long-term variable pay is linked to the Group’s ESG performance.

Climate Goals & Targets

Environmental Challenges

• French ATC strikes causing flight disruptions.
• Higher cost of fuel (FY24 hedges 20% higher than FY23).

Mitigation Strategies

• Favourable fuel hedges in FY23.
• Capacity growth leading to market share gains.
• Petition to the EU Commission to protect overflights during national ATC strikes.
• Long-term pay agreements with unions.

Supply Chain Management

Responsible Procurement

• Draft Supplier Code of Conduct outlining net zero carbon reduction strategy expectations.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events leading to operational disruptions.
• Rising sea levels impacting coastal airports.

Transition Risks

• Inability to meet mandated SAF blending requirements due to pricing or availability.
• Reduced demand for flights due to changing customer behavior.
• Inability to access financing for investments in new technologies.
• Reduction in asset valuations due to fuel efficiency expectations.
• Increased cost of compliance with Fit for 55 regulation.
• Ban on short-haul flights in certain jurisdictions.
• Increased consumer concern about climate change leading to reputational risks.

Opportunities

• Enhance reputation and brand value as a carbon-efficient airline.
• Competitive advantage due to fuel efficiency and low costs.
• Cost savings from new technologies and SAF usage.

Reporting Standards

Frameworks Used: GRI, TCFD, EU Taxonomy

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 27001

Third-party Assurance: Verifavia

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social
• Governance

Environmental Achievements

• CO2 per passenger km dropped to pre-Covid levels despite ATC disruption and lower load factors; carbon intensity improved to 66g CO2 pax/km (76g in FY22); delivery of 37 Boeing 737-8200s, bringing the total to 98; Boeing 737-8200 aircraft are 16% more fuel-efficient and 40% quieter; agreement with Aviation Partners Boeing to retrofit Boeing 737-800 NG fleet with split scimitar winglet technology, further reducing carbon emissions and fuel burn by up to 1.5%; expanded SAF partnerships with Neste, OMV, Repsol, and Shell

Social Achievements

• Restoration of Covid pay cuts 28 months early for most crews; recruitment of over 3,000 new team members; promotion of over 2,000 team members; plans to develop aviation training centers in Krakow and Madrid; addition of over 1,000 pilot cadets to training; opening of new hangar facilities in Bergamo, Kaunas, and Shannon; planning permission sought for a new 4-hangar aircraft maintenance facility in Dublin; launched “The Sky’s No Longer The Limit” campaign for International Women’s Day

Governance Achievements

• Ryanair's Board approved an updated Code of Business Conduct & Ethics and Anti-Bribery & Anti-Corruption Policy; draft Ryanair Supplier Code of Conduct for review and approval

Climate Goals & Targets

Environmental Challenges

• Russia's invasion of Ukraine negatively impacted Q1 traffic and fares; ATC, airport security, and handling staff shortages disrupted on-time performance; Boeing supply chain challenges led to delivery delays of Boeing 737-8200 aircraft; higher cost of fuel; French ATC strikes causing flight disruptions

Mitigation Strategies

• Lower air fares to stimulate travel; investment in maintaining jobs and crew training; fuel hedge policy; opening of approx. 300 new routes and 5 new bases; working closely with Boeing to minimize delivery delays; submitted a petition to the EU Commission regarding ATC strikes

Supply Chain Management

Responsible Procurement

• Draft Ryanair Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Chronic physical risks such as higher average temperatures or flooding

Transition Risks

• Inability to meet mandated SAF blending
• Increased consumer concern about climate change
• Costs to transition to lower emissions technology

Opportunities

• Enhance Group reputation and brand value as a carbon efficient airline; operate more efficiently and build momentum in energy transition to sustainable aviation fuels and fleet renewal

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Environmental Metrics

ESG Focus Areas

• Climate change
• Social
• Governance

Environmental Achievements

• Improved carbon intensity to 65g CO2 per pax/km from 66g in FY23.
• Delivery of 48 new Boeing 737-8200 "Gamechanger" aircraft.
• Retrofitted winglets to 25% of owned Boeing 737-800NG fleet.
• Secured 10% of SAF requirements for 2030.

Social Achievements

• Concluded multi-year pay agreements with most union partners.
• Recruited over 4,000 new team members.
• Promoted over 2,000 aviation professionals.
• Expanded "Grad" Programme to other Group airlines.
• Launched a new Engineering Academy.

Governance Achievements

• Approved Ryanair Supplier Code of Conduct.
• Board diversity improved to 50:50 gender split.

Climate Goals & Targets

Environmental Challenges

• Continuing war in Ukraine disrupting CEE traffic.
• Israel-Hamas conflict.
• Boeing delivery delays limiting growth.
• Over 60 days of ATC strikes.
• Significant increase in fuel bill (+32%).
• OTA sales boycott.

Mitigation Strategies

• Hedging 70% of fuel for FY25.
• Developed "Approved OTA" solution.
• Working closely with Boeing to improve deliveries.
• Multi-year pay agreements with employees.
• Development of new flight training centers.

Supply Chain Management

Responsible Procurement

• Ryanair Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Fuel costs
• Environmental regulations

Opportunities

• Development of energy-efficient products
• SAF usage

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, CDP