ANA has announced its transition strategies to accelerate decarbonization and reduce carbon emission from aircraft operations to net zero by 2050.
"We are dedicated to achieving our sustainability goals by 2050 and are making investments in multiple areas to meet our commitments," said Koji Shibata, President and Chief Executive Officer of ANA HOLDINGS INC. "Sustainability is a top priority for ANA and by establishing the transition strategies, we hope to lead the airline industry forward into a carbon-neutral future."
To help achieve its CO2 emission-reduction goals, ANA Group plans to replace 10 percent or more of its fuel consumption with SAF by 2030. By 2050, almost all of ANA's fuel consumption will be from low-carbon sources.
For CO2 emissions that cannot be reduced by the above measures, ANA Group will study the use of NETs including DAC, which are being developed globally, and aim to achieve net zero (carbon neutrality) by FY2050.
In addition, ANA Group has partnered with major aircraft manufacturers to jointly conduct research projects on cutting-edge technology to advance the airline's sustainability efforts.
With Airbus, ANA has entered into agreement on a joint research project for the development of hydrogen aircraft and infrastructure. While hydrogen and/or electricity-powered aircraft are not included in our transition strategy at this time, the partnership will help ANA Group to diversify its range of options to achieve the Group's environmental goals by obtaining timely information on advanced technologies and the global ecosystem.
With Boeing, ANA will work together on the development and utilization of sustainable technologies in Japan, including electric, hybrid, hydrogen and other novel propulsion systems.
To raise funds for the implementation of these strategies, ANA has established a Green Bond Framework. This framework is based on the Green Bond Principles (GBP) 2021 (the "Principles") published by the International Capital Market Association (ICMA) and the Green Bond Guidelines 2022 (the "Guidelines") published by the Ministry of the Environment of Japan. “We have obtained a third party opinion from Japan Credit Rating Agency, Ltd. (JCR) to confirm the alignment with the Principles and the Guidelines. The date, the amount and the other details of the issuance of Green Bonds based on this Framework will be decided in the future based on market trends such as interest rate,” said ANA.
Proceeds based on the Green Bond Framework will go towards the procurement of SAF; investments in projects/companies aiming at increasing available SAF; and investments in utilization of negative emissions technologies.