๐ฝ๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐ ๐ด๐๐๐๐๐๐๐ ๐๐๐ ๐๐ข๐ ๐ก๐๐๐๐๐๐๐๐๐ก๐ฆ
Cebu Pacific (PSE: CEB), the Philippinesโ leading airline, has achieved its highest-ever Environmental, Social, and Governance (ESG) performance, earning a notable score of 46 in the 2024 S&P Global ESG Score. This significant accomplishment positions Cebu Pacific among the worldโs most sustainable carriers, underscoring its growing commitment to sustainable aviation.
The S&P Global ESG Score evaluates how companies address ESG risks, seize opportunities, and assess their overall impact. Cebu Pacificโs latest score reflects remarkable advancements in key sustainability areas.
The airline achieved a noteworthy 17-point increase in its environmental score, soaring from 26 to 43 points. This improvement is attributed to its strengthened environmental policies, ambitious climate strategy, and ongoing decarbonization efforts. Cebu Pacific also continues to focus on managing risks related to water and energy use, waste disposal, and pollution control.
โOur exceptional ESG performance is not merely about numbers; itโs about mitigating risks and creating a more responsible and sustainable business,โ said Xander Lao, President and Chief Commercial Officer of Cebu Pacific. โThis record S&P Global ESG score is more than just a milestoneโitโs a testament to our meaningful progress toward a sustainable future.โ
Cebu Pacific also leads in social performance, scoring 51 pointsโwell above the airline industry average of 44. This achievement highlights the airlineโs dedication to fair labor practices, strict adherence to transportation safety standards, strong passenger data protection measures, and effective workforce management.
Furthermore, the airline saw an improvement in its governance score, rising by two points to 43. This increase is attributed to enhanced risk and crisis management, as well as consistent performance in areas such as cybersecurity, information security, ethical practices, and transparency reporting.
Cebu Pacificโs record ESG performance emphasizes its commitment to offering a superior flying experience while minimizing environmental impact. The airline continues to refine its policies and practices to align with global sustainability standards and to contribute positively to the future of aviation.
