Business | 9 July, 2024 at 9:00 AM
Wizz Air remains committed to cutting CO2 intensity by 2030
Wizz Air will maintain its commitment to significantly reduce CO2 intensity by 2030.
Wizz Air will maintain its commitment to significantly reduce CO2 intensity by 2030.
Wizz Air has reported that its average carbon emissions for 2023 reached 51.5 grams per passenger/kilometre, 6.8% less than in 2022.
Wizz Air has announced that it achieved a CO2 emission intensity of 51.2 grams per passenger/km in the first half of fiscal year 2024, 8% less than in the same period of fiscal year 2023.
Wizz Air has reduced its carbon emission intensity by another 11%. The airline has published its annual sustainability update, showing progress towards its sustainability goals.
Wizz Air was named the most sustainable low-cost airline for the third consecutive year at the World Finance Sustainability Awards 2023. The company states that World Finance magazine appreciated Wizz Air's sustainability credentials and its commitment to reducing emissions by another 25% by the end of the decade.
Wizz Air has announced that it is investing £5 million in biofuels company Firefly, Wizz Air's first capital investment in sustainable aviation fuel research and development. Over 57 million tonnes of sewage sludge are produced in the UK each year, with the potential to produce 250,000 tonnes of sustainable SAF fuel.
The low-cost airline Wizz Air has signed a Memorandum of Understanding with Neste for the supply of sustainable aviation fuel (SAF) from 2025. Wizz Air is characterized as the most environmentally sustainable globally.
DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.
DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
