DEUTSCHE LUFTHANSA AG

(LHA)
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Delayed Xetra  -  11:35 2022-06-24 am EDT
5.966 EUR   -4.94%
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THE LUFTHANSA GROUP'S CLIMATE PROTECTION GOALS; The company's CO2 balance is to be halved by 2030 compared to 2019 and to be neutral in 2050

05/13/2022 | 11:00am EDT

THE LUFTHANSA GROUP'S CLIMATE PROTECTION GOALS.

Air transport connects people, countries and cultures around the world. Its economic importance is enormous, it drives employment and it ensures the fast and reliable flow of goods. At the same time, it has undesirable effects on climate and the environment. The Lufthansa Group takes its responsibility for effective climate protection seriously - with a clearly defined path toward CO2 neutrality.

We are convinced that travel makes the world a better place. That is why we are using all our expertise, energy and networks to make CO2-neutral flying a reality.

Christina Foerster

Member of the Executive Board of Deutsche Lufthansa AG

Responsible for Customer, IT & Corporate Responsibility

Actively shaping the green transformation in aviation

The Lufthansa Group has set ambitious climate protection goals and aims to halve net CO2 emissions by 2030 compared to 2019 and to achieve a neutral CO2 balance by 2050. To further specify these net targets, it has joined the Science Based Targets Initiative (SBTi) to bring its CO2 reduction path in line with the United Nations Paris Climate Agreement. Based on scientific calculations, CO2 emissions will be continuously reduced with the help of fleet renewal and optimization, improved operational efficiency and the use of SAF. The official validation will take place in 2022.

00:00/01:44

Christina Foerster, Member of the Executive Board of Deutsche Lufthansa AG, responsible for Customer, IT & Corporate Responsibility:

'We are convinced that travel makes the world a better place. That is why we are using all our expertise, energy and networks to make CO2-neutral flying a reality. Already by 2030, we want to reduce our net CO2 emissions by 50% compared to 2019, and by 2050 we want to reach CO2 neutrality. Although not all of the solutions currently exist, scientific and technological foundations are already in place and now, it is a matter of taking joint action. As a company, we have technical and operational expertise deeply rooted in our DNA. We set high standards for our industry and we have a great passion for flying. I am convinced that these qualities will allow us to break new ground together with our customers, partners and policymakers, while continuing to connect people, cultures and economies in the future- in a sustainable way.'

The company's CO2 balance is to be halved by 2030 compared to 2019 and to be neutral in 2050

by 2030 50% net CO2 emissions

by 2050 CO2 neutrality

Important drivers on the way to CO2-neutral aviation

Further information on the Lufthansa Group's measures on the way to CO2-neutral air transport can be found here.

On the ground

Conversion to CO2-neutral mobility by 2030

Since 2020, the Lufthansa Group has exclusively been purchasing green electricity in Germany, Austria, Switzerland and Belgium. To this end, Lufthansa has acquired green power certificates, which guarantee the production of green electricity from new power plants, thus contributing to the expansion of renewable energy. As a further measure, the Lufthansa Group aims to reach CO2-neutral mobility on the ground in its home markets by 2030.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 29 138 M 30 736 M 30 736 M
Net income 2022 325 M 343 M 343 M
Net Debt 2022 10 278 M 10 841 M 10 841 M
P/E ratio 2022 45,0x
Yield 2022 -
Capitalization 7 132 M 7 523 M 7 523 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,50x
Nbr of Employees 104 034
Free-Float 74,3%
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Remco J. Steenbergen Chief Financial Officer
Karl-Ludwig Kley Head-Finance Division
Roland Schütze Chief Information Officer
Ola Hansson Chief Operating Officer
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