Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Impact of the COVID-19 pandemic on suppliers, leading to minimal delays in materials supply.
• Delays in clinical trials due to slowdowns in study recruitment and suspended regulatory inspections.
• Raw material supply issues, delays in regulatory approvals, and delays in pre-commercial launch activities due to the COVID-19 pandemic.

Mitigation Strategies

• Maintaining adequate product inventory and redundancy plans to address potential shortfalls.
• Ensuring that facilities remain largely uninterrupted to meet demand for essential medicines.
• Monitoring the solvency of customers in Russia and Ukraine and taking measures to mitigate exposure to risks related to the conflict in the region.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• carbon neutrality
• circular economy
• workforce diversity
• employee well-being
• supply chain responsibility

Environmental Achievements

• Reduced scope 1 and 2 absolute emissions tons CO2-equivalent by 20 percent in 2023 versus baseline 2021.
• Inaugurated first Circular Economy Hub in Italy in November 2023.
• Formed three partnerships to boost circular economy activities (Galloo France S.A., Orano Batteries SAS, Qinomic SAS).

Social Achievements

• Hired 1,680 software professionals globally in 2023.
• Transferred more than 4,500 employees to software organization in 2023.
• Launched first employee share purchase plan, Shares to Win, in France and Italy (22% subscription rate).
• Approximately 30% of leadership positions held by women as of December 31, 2023.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Evolving nature of the regulatory environment for electrification.
• Higher production costs of electric vehicles.
• Aggressive competition in the EV market.
• Dependence of EV market acceptance on government incentives.
• Potential unavailability of raw materials and critical components.
• Capacity-related logistics challenges.
• Geopolitical instabilities.
• Increased complexity of compliance requirements.
• Persistent inflation impacting labor cost, high interest rates, and volatility in foreign exchange, raw material, and energy prices.
• Extreme societal polarization and fragmentation.

Mitigation Strategies

• Cost-reduction strategies to make electric vehicles more affordable.
• Investment in Chinese EV maker Leapmotor.
• Execution of battery/EDM roadmap.
• Secured access to key components and raw materials.
• Strategic partnerships for technological solutions.
• Actions to mitigate supply chain risks.
• Natural and financial hedging strategies.
• Material substitution and circular economy strategy.
• Optimization of technical solutions.
• Constant monitoring of raw material dynamics.
• Implementation of natural resources and energy price trend policy.
• Definition of business continuity and resumption plan.
• Strengthening risk management governance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Monitoring suppliers’ risk to mitigate disruption.
• Strategic partnerships to secure critical raw materials.

Climate-Related Risks & Opportunities

Physical Risks

• Flash floods, tornadoes, hailstorms, heat waves, water shortages

Transition Risks

• Evolving regulatory environment
• Higher production costs of EVs
• Increased competition
• Dependence on government incentives

Opportunities

• Development of energy-efficient products
• Growth in the EV market

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• BEVs
• PHEVs
• Hydrogen fuel cell vehicles

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Sustainable Aviation Fuel (SAF)
• Safety
• Labor relations
• Customer satisfaction
• Diversity & Inclusion

Environmental Achievements

• Improved carbon intensity to 65g CO2e per pax/km from 66g in FY23.
• Delivery of 48 new Boeing 737-8200 "Gamechanger" aircraft.
• Retrofitted winglets on 25% of owned Boeing 737-800NG fleet, reducing fuel burn and CO2 emissions by 1.5%.
• Secured 10% of SAF requirements for 2030.
• First uplift of SAF at Stansted.
• Agreement with Enilive to secure up to 100,000 tonnes of SAF for Italy.

Social Achievements

• Multi-year pay agreements with most union partners and employee groups.
• Recruited over 4,000 new team members.
• Promoted over 2,000 aviation professionals.
• Launched a new Engineering Academy to train up to 1,000 apprentices annually.
• Expanded "Grad" Programme to other Group airlines.
• Achieved 85% CSAT score.

Governance Achievements

• Board diversity improved to 50/50 gender split.
• Ryanair Supplier Code of Conduct approved.
• MSCI ESG rating upgraded to 'A', CDP upgraded to 'A-', Sustainalytics confirmed Ryanair as No.1 European airline for ESG.

Climate Goals & Targets

Environmental Challenges

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

Mitigation Strategies

• Lower fares to recover from OTA boycott.
• Developed "Approved OTA" solution.
• Hedging 70% of fuel for FY25.
• Working closely with Boeing to improve delivery schedules.
• Campaigning for EU ATC reform.
• Investing in new flight training centers and Engineering Academy.

Supply Chain Management

Responsible Procurement

• Ryanair Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

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

Opportunities

• Operating more efficiently with high fossil fuel prices
• Building momentum in energy transition to sustainable aviation fuels and fleet renewal
• Enhancing Group reputation and brand value as a carbon efficient airline

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, CDP, MSCI