Climate Change Data

SriLankan Airlines Limited

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:1,319,459.16 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:1,309,241.16 tCO2e/year
Scope 2 Emissions:10,218.00 tCO2e/year

ESG Focus Areas

  • Environmental Sustainability
  • Community Empowerment

Environmental Achievements

  • Introduced eco-friendly carpets manufactured from recycled ocean plastic onboard aircraft, reducing carbon footprint by approximately 248.79 tons annually and saving about LKR 21 Mn annually in fuel costs.
  • Joined IATA CO2 Connect program.

Social Achievements

  • Launched ‘Eco Trailers’ training program for youth in Negombo lagoon area on mangrove conservation.
  • Implemented award-winning upcycling project ‘Mathaka’ repurposing scrap material into lifestyle products.
  • Conducted medical camps in disadvantaged localities.
  • Organised caregiving initiatives for cancer patients and elderly.
  • Arranged educational tours for students.

Governance Achievements

  • Complied with Guidelines on Corporate Governance and Operational Manual for State-Owned Enterprises.
  • Established a structured risk management framework.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero carbon emissions by 2050.
Medium-term Goals:
  • Continued fleet replacement.
  • Debt restructuring and privatisation.
Short-term Goals:
  • Increase check-in counters by 50%.

Environmental Challenges

  • Fleet constraints due to high demand and perceived financial risk.
  • Global supply chain challenges leading to escalating costs and spare parts shortages.
  • Labor shortages, particularly pilots, engineers, and ground staff.
  • High staff turnover (10%).
  • CFM engine issues on Airbus A320/321 Neo aircraft.
  • Economic instability in Sri Lanka.
Mitigation Strategies
  • Wet leased aircraft to maintain capacity and slots.
  • Optimised schedule and reallocated aircraft to maximize profitability.
  • Implemented innovative recruitment strategies.
  • Upgraded IT infrastructure.
  • Enhanced in-flight product offering.
  • Introduced self-service check-in facilities.
  • Working with AASL to increase check-in counters.
  • Government capital infusion to settle debt and address cash flow shortfalls.
  • Debt restructuring efforts.

Supply Chain Management

Responsible Procurement
  • Using recycled and environmentally friendly options in products.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Sri Lanka Financial Reporting Standards, Guidelines on Corporate Governance and Operational Manual for State-Owned Enterprises

Certifications: IOSA (IATA Operational Safety Audit), ISAGO (IATA Safety Audit for Ground Operations), ISO 9001:2015, ISO 22000:2018, ISO 14001:2015, HALAL Certification

Third-party Assurance: Control Union Inspections (Pvt) Ltd

Sustainable Products & Innovation

  • Eco-friendly carpets

Awards & Recognition

  • APEX IFSA Best Inflight Food or Beverage 2024 Award
  • PATA Gold Awards 2023 - Marketing Carrier
  • APEX FOUR STAR™ MAJOR Airline for 2023 and 2024
  • APEX Passenger Choice Award for Best Wi-Fi Central/Southern Asia 2024
  • Best Food & Beverage: SriLankan Airlines 2023- Central/Southern Asia
  • Best Seat Comfort: SriLankan Airlines 2023- Central/Southern Asia
  • IT Team of the Year award at Women in IT Awards Asia
  • Best International Cargo Airline at the India Cargo Awards 2023