Climate Change Data

easyJet plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:6,390,927 tonnes CO2e (FY22)
Scope 1 Emissions:6,421,434 tonnes CO2e (FY22)
Scope 2 Emissions:0 tonnes CO2e (FY22)
Scope 3 Emissions:1,660,512 tonnes CO2e (FY22)
Renewable Energy Share:100% for sites with direct operational control (Scope 2)
Total Energy Consumption:25,911,221,182 kWh (Scope 1) + 3,246,789 kWh (Scope 2) (FY22)
Waste Generated:272.8 tonnes (excluding onboard waste) + 4.92 thousand tonnes (onboard waste projection) (FY22)
Carbon Intensity:70.36 gCO2/RPK (FY22)

ESG Focus Areas

  • Climate Change
  • Health and Safety
  • Fair Employment
  • Waste and Plastics Management

Environmental Achievements

  • Achieved IATA IEnvA Stage 2 certification for Environmental Management System (EMS), the first low-cost carrier in Europe to do so.
  • Reduced carbon dioxide emissions per passenger kilometre to 70.36gCO2/RPK in FY22 from 81.08g in FY21.
  • Set an interim target for a 35% reduction in emissions intensity (CO2e/RTK) by 2035, validated by the Science Based Targets initiative (SBTi).
  • 100% landfill diversion achieved at Luton campus.
  • Removed 11.5 million items of single-use plastic in FY22.
  • New pilot and cabin crew uniforms made from 100% recycled plastic bottles.

Social Achievements

  • Continued support for UNICEF, raising £834,151 for Covid-19 Vaccines Appeal and humanitarian response in Ukraine.
  • Launched a new flexible electric car leasing scheme and extended Cycle to Work scheme for UK colleagues.
  • Relaunched Generation easyJet Pilot Training Programme to train 1,000 cadet pilots over five years, with a focus on diversity.

Governance Achievements

  • Improved ESG ratings year-on-year with Sustainalytics, FTSE4Good, Transition Pathway Initiative, CDP, and MSCI.
  • Won several awards for effective ESG program, sustainability and inclusion initiatives, and sustainable uniforms.

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon emissions by 2050; 78% reduction in carbon emissions per passenger by 2050.
Medium-term Goals:
  • 35% reduction in GHG emissions intensity by 2035.
Short-term Goals:
  • Maximise efficiency and use SAF in line with mandated requirements.

Environmental Challenges

  • Meeting 2017 target of 10% reduction in CO2 emissions per passenger kilometre was not met due to the Covid-19 pandemic.
  • High cost of Sustainable Aviation Fuel (SAF).
  • Uncertainty around non-CO2 climate effects of aviation.
  • Waste management challenges, particularly onboard waste recycling due to ICW regulations.
  • Technology transition costs associated with zero-emission aircraft.
Mitigation Strategies
  • Published net-zero roadmap with interim science-based targets.
  • Transitioning investment from carbon offsetting to supporting roadmap elements.
  • Partnerships with fuel suppliers to secure SAF supply.
  • Engaging with stakeholders to address non-CO2 effects and improve waste management.
  • Significant investment in fleet renewal with more fuel-efficient aircraft ($21 billion for 168 new aircraft).
  • Partnerships with Rolls-Royce, Airbus, GKN Aerospace, Cranfield Aerospace Solutions, and Wright Electric to develop zero-emission technologies.
  • Operational efficiency initiatives (Descent Profile Optimisation, SkyBreathe, Single Engine Taxi).

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct requiring compliance with environmental standards and human rights principles.

Climate-Related Risks & Opportunities

Physical Risks
  • Operational disruption due to extreme weather; market disruption due to climate change.
Transition Risks
  • Compliance costs; legal risks; technology transition costs; consumer sentiment; investor/market sentiment; reputation risks.
Opportunities
  • Fleet renewal with more efficient aircraft; optimising flight operations; supporting development of zero-emission flight; shifting consumer preferences.

Reporting Standards

Frameworks Used: Greenhouse Gas (GHG) Protocol, Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), UK Government’s Streamlined Energy and Carbon Reporting

Certifications: ISO 14001, IATA Environmental Assessment (IEnvA) Stage 2

Third-party Assurance: Verifavia

Sustainable Products & Innovation

  • New pilot and cabin crew uniforms made from recycled plastic bottles.

Awards & Recognition

  • Most effective ESG programme in the transport sector (Britain’s Most Admired Company awards); Best Sustainability and Inclusion initiatives (Italian Mission awards); Sustainability award (Professional Clothing Industry Association Worldwide awards); Bristol Airport’s Eco-Innovation Award.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:9,821,377 tCO2e/year
Scope 1 Emissions:7,517,925 tCO2e/year
Scope 2 Emissions:5295 tCO2e/year
Scope 3 Emissions:32,303,152 tCO2e/year
Total Energy Consumption:30,560,460,688 kWh/year
Waste Generated:354.01 tons/year
Carbon Intensity:67.23 gCO2/RPK

ESG Focus Areas

  • Climate change
  • Customer safety and security
  • Data privacy and cybersecurity
  • Customer accessibility and satisfaction
  • Sustainable travel and tourism
  • Employee health, safety and wellbeing (including labour rights)
  • Talent attraction and retention
  • Business ethics
  • Responsible governance
  • Advocacy and collaboration on technological innovation
  • Responsible marketing practices
  • Diversity, equity and inclusion
  • Workers in the supply chain
  • Macro-economic and geopolitical risks
  • Local air pollution and noise management
  • Waste and water management
  • Contribution to local economics and communities

Environmental Achievements

  • Achieved lowest ever CO2 intensity of 67.2gCO2/RPK
  • Reduced well-to-wake GHG emissions per revenue tonne kilometre by 5% versus FY19
  • Delivered a 5% reduction in GHG emissions intensity versus FY19, a saving of over 500,000 tonnes of CO2e (well-to-wake)
  • 10 NEO aircraft joined the fleet, taking our fleet composition to 20% NEO
  • Successfully tested a combustor, a key engine component, running on 100% hydrogen

Social Achievements

  • easyJet holidays expanded its customer base by 77% year on year
  • easyJet holidays delivered £122 million of headline profit before tax
  • easyJet holidays customer score of 83%
  • Launched the Accelerate Programme to support women's career aspirations (40 participants)
  • Relaunched Inclusion and Diversity framework
  • Developed a proactive health and wellbeing strategy

Governance Achievements

  • Repaid £1.2 billion of gross debt
  • Entered into a new sustainability-linked term loan facility of $1.75 billion
  • Established a specialised customer chat feature to provide personalised support and improve operational efficiency
  • Introduced generative AI to create further efficiencies and engagement enhancements in customer interactions
  • Insourced key processes such as ID checks

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Group headline profit before tax of £7 to £10 per seat
  • High teen ROCE
  • Holidays profit before tax of over £250 million
  • Disciplined capacity growth of around 5% CAGR to 2028
  • Achieve 40% women on Airline Management Board and its direct reports by 2025
Short-term Goals:
  • Reduce GHG emissions intensity by 35% by 2035 (against a FY19 baseline)

Environmental Challenges

  • High fuel costs
  • Challenges arising from the external operational environment (French pension reform strikes, air traffic control flow rate restrictions, airspace congestion)
  • Air traffic control (ATC) delays
  • Congested airspace from the continued invasion of Ukraine
  • French ATC strikes
  • Impact of NATS staff shortages in the control tower at Gatwick
  • Weather-related disruption
  • Limited availability and high cost of SAF compared to conventional jet fuels
  • Industry-wide cost challenges coming off the back of persistently high levels of inflation
Mitigation Strategies
  • Started recruitment earlier than ever before
  • Insourced key processes such as ID checks
  • Took proactive action through the summer season to mitigate the impact of disruption for our customers
  • Consolidated flights in the middle of the day at Gatwick to create ‘firebreaks’ in our schedule
  • Continued fuel hedging programme (76% hedged for H1 FY24)
  • Focus on cost management, productivity, and increased capacity
  • Implemented a range of operational efficiency initiatives
  • Working closely with fuel suppliers to ensure increasing amounts of SAF across our network
  • Signed SAF supply agreement with Q8

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainability requirements
  • Due diligence on suppliers (including enhanced due diligence on high-risk suppliers)

Climate-Related Risks & Opportunities

Physical Risks
  • Operational disruption due to extreme weather events
  • Market disruption due to changing demand patterns
Transition Risks
  • Compliance costs (carbon pricing)
  • Legal risks
  • Technology risks (SAF mandates, new technology transition)
  • Consumer sentiment
  • Investor/market sentiment
  • Reputation risks
Opportunities
  • Fleet renewal with more efficient aircraft
  • Optimising flight operations
  • Supporting development of zero carbon emission flight
  • Shifting consumer preferences

Reporting Standards

Frameworks Used: SBTi, GRI, SASB, TCFD

Certifications: ISO 14001, IEnvA Stage 2

Third-party Assurance: Verifavia

Awards & Recognition

  • Top Sustainable Airline at Prague 2022
  • Sustainable Future Award
  • Achievement in Sustainability 2023 — Airline Business Travel News Awards
  • Net Zero Strategy of the Year UK Green Business Awards
  • TravolutioImpact Award
  • Airline Sustainability Award