Friday, November 8, 2024

Menzies Aviation Commits to Net-Zero GHG Emissions by 2045

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Menzies Aviation is advancing sustainability in air cargo ground handling by committing to net-zero greenhouse gas (GHG) emissions across its value chain by 2045. This commitment is reinforced by the approval of its decarbonization targets by the Science Based Targets initiative (SBTi).

The company’s science-based targets include a 50% reduction in scope 1 and 2 GHG emissions by 2030, using 2022 as the baseline, and a reduction of 30%-42% in scope 3 GHG emissions within the same timeframe.

Menzies’ 2021 “All In” plan outlines goals in environmental sustainability, people, safety, and ethics, aiming to drive positive change and advance its material ESG priorities. Since the launch of this plan, Menzies has made significant investments in transitioning to electric and lower-emission Ground Support Equipment (GSE) where airport infrastructure permits. According to its 2023 Annual Review & Sustainability Report, 17% of all GSE equipment in the business is now electric, with this figure rising to 42% in Europe, showcasing progress towards a 25% target by 2025.

Additionally, Menzies is investing in solar panels, smart building technologies, and circular cargo packaging solutions to further reduce emissions. The company’s collaboration with Climate Impact Partner’s Million Mangroves project underscores its commitment to mitigating climate change through carbon removal and ecosystem restoration.

John Geddes, chief governance & sustainability officer & company secretary, stated, “We are thrilled to announce that our 2045 net zero targets have been approved by the SBTi, making us the first major aviation services provider to achieve this important validation. Decarbonisation is an imperative for a sustainable aviation future – one we are committed to achieving with our net-zero targets. However, there are many other facets to our All In plan that will deliver value for our business and stakeholders and support our growth in a sustainable way well into the future.”

The Science Based Targets initiative (SBTi) is a global organization that promotes best practices in science-based target setting and independently assesses corporate climate action plans.

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