Managing climate risk

Qantas was one of the first airlines in the world to commit to net zero emissions by 2050.¹

Our Climate Action Plan (PDF) details our targets:

• 25% reduction in net emissions from 2019 levels by 2030,²

• 10% of sustainable aviation fuel (SAF) in the fuel mix by 2030,

• Zero single-use plastics by 2027,³ and
  

• Zero onshore general waste to landfill by 2030.⁴

We are focused on driving progress across three pillars:

• Sustainable operations, including waste reduction and circularity,

• Sustainable aviation fuels (SAF), and

• Carbon offsets, recognising aviation is a hard-to-abate sector and offsets will have an ongoing role in achieving our goals until alternate direct emissions reduction levers (such as SAF, fuel-efficient fleets, and emerging technologies) become more readily available.

Some of these pillars we can influence independently, others will require action and collaboration within our industry, across sectors, and by policymakers, and some will rely on technology development.

Details of our progress against our targets can be found in our annual Sustainability Report.

Qantas affirmed its support of the Task Force on Climate-related Financial Disclosures (TCFD) in 2017. Our response to its key pillars can be found in our sustainability report including scenario analysis which considered both transition and physical risks and opportunities for the business under different scenarios and provides a preliminary assessment of the financial implications of these risks. The analysis was based on scenarios aimed at improving our understanding of the risks and opportunities arising from climate change.⁵