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Cathay Pacific vows net-zero carbon emissions by 2050
Cathay Pacific Group has committed to reaching net-zero carbon emissions by 2050.
Although many in Europe and the Americas have made similar pledges, Cathay is one of the few in Asia to do so.
It precedes the release of the Group’s Sustainable Development Report 2020, which details the Group’s strategy and performance in environmental, social and governance aspects.
Cathay Pacific Chief Executive Officer Augustus Tang said: "The unprecedented pandemic has shaken the world and showed us that ‘business as usual’ is not an option when dealing with an imminent global risk.
"Climate change, potentially a much more disruptive crisis, calls for ramped-up efforts."
Cathay will tap technology and sustainable fuels to help it reach net-zero.
Cathay Pacific became the first airline investor in Fulcrum BioEnergy, a pioneer in converting everyday household waste into Sustainable Aviation Fuel.
It has committed to purchasing 1.1 million tonnes of SAF over 10 years, which will cover around 2% of our total fuel requirements from 2023 onwards.
As part of its Fly Greener carbon offset programme, it has been offsetting all emissions from employees’ business travel since 2007.
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