Sustainable Biz #5 - Magazine - Page 6
Airbus awarded the
Sustainable Markets
Initiative’s 2023 Terra Carta Seal
T
he Sustainable Markets Initiative
recently announced that Airbus
has been awarded its 2023 Terra
Carta Seal. The Terra Carta Seal, launched
at COP26 by His Majesty King Charles III
when he was Prince of Wales, recognises
organisations that are demonstrating their
commitment to, and momentum towards,
the creation of sustainable markets.
Airbus was awarded the Terra Carta Seal
based on Science Based Targets initiative
(SBTi). In 2022, Airbus officially committed
to defining science-based targets for the
entire set of its emissions. They submitted
these targets to the SBTi, an independent
organisation that helps companies to define
and promote best practice in emissions
reductions and targets in line with climate
science. The SBTi has independently
assessed and verified these targets, and
Airbus has received approval earlier this
year for its near-term greenhouse gas
emission reduction targets. The Terra Carta
6
Seal is acknowledgement of the continued
sustainability efforts that Airbus has
undertaken. As a truly global company, they
recognise the value of aviation for society
and want to lead the decarbonisation of the
sector for the benefit of future generations.
Airbus believes decarbonisation requires
a multitude of solutions including more
efficient aircraft, improving operations and
infrastructure, the use of new energies such
as SAF and hydrogen, as well as market
based measures. They are committed to
playing a leading role in the transition of
the industry to net-zero emissions by 2050,
and are actively working with relevant
institutions and partners to make tangible
steps forward.
WHAT IS THE TERRA CARTA?
The Terra Carta Seal is awarded to
companies which have demonstrated
the success of a high-impact, large scale
S USTAI N AB L E B I Z MAGAZINE
MAY 2024
company-wide project, initiative or strategy
which aligns with one or more of the
Sustainable Markets Initiative’s ten Terra
Carta Articles. The Articles underpin
the Terra Carta, the Sustainable Markets
Initiative’s guiding mandate which provides
a roadmap and framework to accelerate the
transition to an ambitious and sustainable
future, placing Nature, People and Planet at
the heart of global value creation.
About the Sustainable Markets Initiative
Founded by His Majesty King Charles III
in 2020, as Prince of Wales, the Sustainable
Markets Initiative has become the world’s
‘go-to’ private sector organisation on
transition. Launched in 2021, the Terra
Carta serves as the Sustainable Markets
Initiative’s mandate with a focus on
accelerating positive results for Nature,
People and Planet through real economy
action.
Read more: www.sustainable-markets.org
