International Consolidated Airlines Group (IAG)
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International Consolidated Airlines Group (IAG) is a global airline holding company based in the United Kingdom. The company was formed in 2011 through the merger of British Airways and Iberia, and it has since grown to become one of the largest airline groups in the world. IAG operates in the Mainline Airline - Full Svc sector, providing passenger and cargo transportation services across a wide range of destinations.
As a major player in the aviation industry, IAG is acutely aware of the environmental impact of its operations. The company has made a commitment to decarbonisation, with a goal of achieving net-zero carbon emissions by 2050. To achieve this goal, IAG is pursuing a range of initiatives aimed at reducing its carbon footprint and promoting sustainability.
One of the key areas of focus for IAG is corporate energy management. The company has implemented a range of measures to reduce its energy consumption and improve efficiency across its operations. This includes investing in energy-efficient technologies, such as LED lighting and smart building systems, as well as implementing energy management systems to monitor and control energy use.
In addition to reducing its own energy consumption, IAG is also actively pursuing renewable energy sources. The company has signed a number of corporate power purchase agreements (PPAs) with renewable energy providers, which allow it to purchase energy directly from renewable sources. These agreements not only help to reduce IAG's carbon footprint, but also provide a stable and predictable source of energy for the company's operations.
One example of IAG's commitment to renewable energy is its partnership with Irish energy company SSE Airtricity. Under this agreement, IAG has committed to purchasing renewable energy from SSE Airtricity to power its operations in Ireland. This includes British Airways flights from Dublin, Shannon, and Cork airports, as well as Aer Lingus flights from Dublin and Cork.
IAG is also exploring other renewable energy sources, such as biofuels. The company has invested in a number of biofuel projects, including a joint venture with Velocys to develop sustainable aviation fuel from waste materials. IAG has also partnered with renewable energy company LanzaTech to develop a process for converting waste carbon emissions into biofuels.
In addition to its focus on decarbonisation and renewable energy, IAG is also committed to promoting sustainability across its operations. The company has implemented a range of initiatives aimed at reducing waste and promoting recycling, as well as promoting sustainable practices among its suppliers and partners.
Overall, International Consolidated Airlines Group (IAG) is a leading player in the aviation industry, with a strong commitment to sustainability and decarbonisation. Through its focus on corporate energy management, renewable energy, and sustainable practices, IAG is working to reduce its environmental impact and promote a more sustainable future for the aviation industry.