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13 February, 2023

LATAM Airlines announces new flight paths following top tier sustainability recognition

LATAM Airlines Group has been ranked fifth in the best performance in sustainability worldwide and first place in the Americas and Europe, according to the most recent Corporate Sustainability Assessment (CSA), by S&P Global Ratings.

LATAM Airlines is the only airline in Latin America to be classified in the 2023 edition of “The Sustainability Yearbook” by the prestigious risk rating agency S&P Global. The yearbook highlights those companies that have had outstanding growth in the assessment of their sustainability management, standing out for their environmental, social and corporate governance practices.

“The position we reached reflects the work that LATAM Airlines has been doing for quite some time that results in concrete actions such as eliminating single-use plastics by the end of this year, continuing with the roadmap to be zero waste to landfill by 2027 and achieving carbon neutrality by 2050 and the preservation of more than 500 thousand hectares of land in South America,” Juan José Toha, director corporate affairs and sustainability, LATAM group, said.

To rank in the yearbook, companies must score in the top 15 per cent of their industry and achieve an S&P Global Sustainability Score in the top 30 per cent of companies performing in their area. In the 2023 edition of the evaluation 7,800 companies were assessed, 57 of them airlines; only 5 entered the yearbook.

The yearbook and included companies can be viewed here.

In May 2021, LATAM launched its renewed sustainability strategy with three pillars: climate change, circular economy and shared value, where its commitment to the protection of strategic ecosystems in South America, the migration to a zero waste to landfill model, and making its network capacity available for the benefit of the communities of the region.

The goals established by LATAM are to reduce or offset the equivalent of 50 per cent of domestic emissions by 2030, on the way to achieving carbon neutrality by 2050. This is in addition to setting goals of eliminating single-use plastics throughout the operation by the end of 2023 and being a zero-waste-to-landfill airline in 2027.

LATAM Boeing 787-9 Dreamliner. (Supplied)

LATAM has also just announced the start of flights between Santiago (Chile) and Porto Alegre, Lima and Brasilia, Bogota and Orlando, and also Bogota and Guayaquil as well as a new frequency will also be added on the Santiago (Chile)-Easter Island/Rapa Nui route, reaching six flights per week as of this month.

The airline is well and truly on the recovery train post COVID, in January 2023 passenger traffic increased by 24.9 per cent compared to the same period in 2022 the operations grew 23.9 per cent.

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Juan José Toha LATAM Airlines Sustainability yearbook