Market Overview

JetBlue Focuses on Long-Term Emissions Strategy, Climate Risk Management and Innovation

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-- The Airline Releases Its Environmental Social Governance Report to
Investors Using Sustainability Accounting Standards Board (SASB) and
Task Force on Climate-Related Disclosures (TCFD) Standards --

JetBlue (NASDAQ:JBLU) this week released its annual environmental
social governance (ESG) report detailing the airline's long-term
emissions and climate risk management strategy, among other topics. The
2018 report is available here.

Concentrating on areas important to investors, this year's report was
crafted according to SASB standards for the airline industry and
recommendations for financial and climate-related risk disclosures from
TCFD. The report details JetBlue's long-term strategy – mitigating ESG
risk, investing in more fuel-efficient aircraft and technology and
fueling the aviation talent pipeline of the future.

"Reducing emissions and mitigating climate risk are critical as we
evaluate the future of our business and industry," said Sophia
Mendelsohn, head of sustainability and environmental social governance,
JetBlue. "Investments in new technology such as the Airbus A220 to
replace older aircraft and the A321neo will help reduce our CO2e
emissions per seat by up to 40 percent. This in turn will lower our
operational costs over time. Tuning into and acting on social and
environmental trends and their benefits and implications are key to
ensuring our business future."

Highlights from this year's ESG report include:

  • Emissions Mitigation – Since 2008, JetBlue has purchased more
    than 2.3 billion pounds of CO₂ offsets to reduce its overall
    greenhouse gas emissions from flying. To reduce emissions, JetBlue is
    focused on operational changes such as fuel-efficient flying and
    larger scale, long-term infrastructure investments such as fuel saving
    technology and renewable jet fuel.

    To tackle ground
    emissions, JetBlue is converting its fleet of owned
    conventional ground support equipment (GSE) to electric alternatives
    (eGSE). Later this year, JetBlue will introduce 118 electric baggage
    tractors and belt loaders at JFK Airport. eGSE vehicles reduce energy
    costs, emissions and noise and increase ground operations safety. In
    this report, JetBlue also announced its first electric GSE goal of 40
    percent electric GSE by 2025 and 50 percent electric by 2030.
  • Fuel Efficiency – JetBlue will introduce more fuel-efficient
    new engine options (NEO) in 2019 and the A220 aircraft to its fleet in
    2020. The A321neo boasts an estimated average of 15 percent lower fuel
    burn and a reduction of CO2e emissions, compared to the
    existing engine model. Each A321neo will be powered by two Pratt &
    Whitney GTF engines, which produce a smaller noise footprint and lower
    operating costs when compared with today's engines.

    Additionally,
    in 2018 JetBlue announced an order for 60 Airbus A220-300 aircraft for
    delivery beginning in 2020. The A220 delivers improved fuel efficiency
    by an estimated 40 percent per seat and an equivalent reduction in
    carbon emissions. These combined technology investments will bring
    significant fuel, carbon and cost-savings.
  • Fueling the talent pipeline – JetBlue is proactively
    establishing its talent pipeline by making the industry accessible to
    a more diverse candidate pool. JetBlue actively seeks pilot candidates
    though a variety of Gateway programs including paths for aviation
    students, aspiring aviators without previous experience and
    crewmembers seeking to transition from other aviation careers to the
    cockpit.

    Less than seven percent of pilots are women and
    people of color account for less than 13.7 percent of pilots and
    flight engineers. With these statistics in mind, JetBlue and the
    company sponsored JetBlue
    Foundation
    are fueling the talent pipeline by supporting
    educational initiatives and science, technology, engineering and math
    (STEM) programs today to help ensure more diverse perspectives are
    present in the cockpits, hangars and boardrooms of the future.

In 2018, JetBlue became the first airline and one of the first U.S.
publicly traded companies to incorporate SASB disclosures in its ESG
reporting. JetBlue was also one of the first companies to introduce
voluntary climate-related disclosures recommended by the TCFD. TCFD is
designed to improve market understanding and analysis of climate-related
risks and opportunities through disclosure recommendations that are
useful to stakeholders in understanding material risks.

JetBlue's Commitment to Environment and Social Issues
JetBlue communicates transparently about climate change and depends on
natural resources and a healthy environment to keep its business running
smoothly. JetBlue continuously investigates ways to mitigate climate
risk exposure, improve operational efficiency and reduce its
environmental impact. For more on JetBlue's work to reduce emissions and
its environmental strategy, visit jetblue.com/sustainability.

ABOUT JETBLUE

JetBlue is New York's Hometown Airline®, and a leading carrier
in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando,
and San Juan. JetBlue carries more than 42 million customers a year to
100+ cities in the U.S., Caribbean, and Latin America with an average of
more than 1,000 daily flights. For more information, please visit jetblue.com.

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