Wizz Air Holdings Plc.
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Wizz Air Holdings Plc. is a Swiss-based company that operates in the Mainline Airline - LCC sector. The company was founded in 2003 and has since grown to become one of the leading low-cost airlines in Europe, with a fleet of over 140 Airbus A320 and A321 aircraft. Wizz Air Holdings Plc. operates in 44 countries, with a focus on Central and Eastern Europe, and has a strong presence in the United Kingdom, Germany, and Italy.
As a company operating in the aviation industry, Wizz Air Holdings Plc. is acutely aware of the need to address the issue of decarbonisation. The aviation industry is responsible for approximately 2% of global carbon emissions, and as such, airlines have a responsibility to reduce their carbon footprint. Wizz Air Holdings Plc. has taken a number of steps to address this issue, including investing in more fuel-efficient aircraft and implementing measures to reduce fuel consumption.
One of the key ways in which Wizz Air Holdings Plc. is addressing the issue of decarbonisation is through the use of renewable energy. The company has made a commitment to sourcing 100% of its energy from renewable sources by 2030. To achieve this goal, Wizz Air Holdings Plc. is investing in a range of renewable energy projects, including wind, solar, and hydroelectric power.
In addition to investing in renewable energy, Wizz Air Holdings Plc. is also taking steps to reduce its overall energy consumption. The company has implemented a range of energy efficiency measures, including the installation of energy-efficient lighting and HVAC systems, and the use of energy-efficient equipment and appliances.
Wizz Air Holdings Plc. is also exploring the use of corporate power purchase agreements (PPAs) as a way to support the development of renewable energy projects. Corporate PPAs are long-term contracts between a company and a renewable energy developer, which provide the company with a stable and predictable source of renewable energy. By entering into these agreements, Wizz Air Holdings Plc. can support the development of new renewable energy projects, while also reducing its carbon footprint.
Overall, Wizz Air Holdings Plc. is committed to addressing the issue of decarbonisation and is taking a range of measures to reduce its carbon footprint. The company's focus on renewable energy and energy efficiency is a key part of its strategy, and reflects its commitment to sustainability and responsible business practices.