Environmental Targets and Information Disclosure

"2050 Environmental Goals" & "2030 Environmental Targets"

• We are working to decarbonize the air transport business by utilizing new technologies, while at the same time protecting the employment of Group employees by expanding profit opportunities through the use of data assets. To this end, in addition to the above initiatives, we have launched a specialized Organization specializing in environmental measures for aviation business, provided new education for training digital specialists, and strengthened communication with customers and labor unions through the ANA Future Promise. In addition, the ANA Group is encouraging the Japanese government to formulate policies for the stable procurement of SAF, which is essential for decarbonization, and our opinions are reflected in the Clean Energy Strategy (interim arrangement).

Initiatives as an Eco-First Certified Company

Governance

The ANA Group established the Group ESG Management Promotion Committee in accordance with Group ESG Management Promotion Committee Regulations. This committee, which operates under the guidance of the president and under the chairmanship of the director in charge of corporate sustainability (CEPO: Chief ESG Promotion Officer), consists of ANA HOLDINGS INC. and group company directors, executive officers, and the full-time Audit & Supervisory Board members of ANA HOLDINGS INC. The committee discusses core policies and measures related to ESG management, including risk management and compliance and progress against targets is monitored four times a year.
In addition, important issues directly related to management are discussed at the Group Management Committee and reported to the Board of Directors and the Board of Corporate Auditors.

The Board of Directors is tasked with formulating group-wide management policies and targets, including those related to climate change issues, and is responsible for overseeing the management and business execution of Group companies.

Through regular dialogues with external ESG experts, the ANA Group obtains an understanding of the latest social demands and changes in people's interest in a timely manner, and evaluates their impact on the Group's business and society. The Group incorporates the insight from the evaluation into management strategies and implements the strategies accordingly.

Based on these regulations, each Group company has appointed an ESG Promotion Officer (EPO) as the person responsible for promoting ESG management and participates as a member of the Group ESG Management Promotion Committee, and each Group company and department has an ESG Promotion Leader (EPL) to lead the ESG activities of their respective organization.
Matters discussed, resolved, and reported at the Board of Directors, Group Management Committee, and Group ESG Management Promotion Committee are shared and implemented throughout the entire Group in close collaboration with EPOs and EPLs. We also hold EPL meetings twice a year to share information in a comprehensive manner and promote initiatives at each Group company and department.

In addition, in order to realise the company's sustainable growth and increase its corporate value over the medium and long term, ESG management incorporates an objective and multifaceted approach, with 'CO2 emissions volume' and 'ESG external evaluation indicators', etc are used as evaluation indicators, which are also reflected in the officer remuneration.

Details as below

Strategy

We conducted scenario analyses (RCP 8.5, RCP 2.6, IPCC Sixth Assessment Report, SDS, NZE scenario, and NDC) based on the 4°C and 1.5°C scenarios*1 established by the United Nations Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) to identify risks and opportunities that climate change will pose to the Group’s aviation business, determine the impact on income and expenses, and develop countermeasures. The period covered by the analysis is from 2030 to 2050, the years set in the ANA Group Medium- to Long-term Environmental Targets.

1. *1.
   
   • 4°C scenario
     a scenario in which no action is taken against climate change that exceeds current situation, resulting in a temperature increase by approximately 4°C compared to the level from the Industrial Revolution, and a risk of "physical" changes caused by climate change becoming apparent.
   • 1.5°C scenario
     a scenario in which a radical system transition is achieved, resulting in a temperature increase by less than 1.5°C compared to the level from the Industrial Revolution, and a risk of the "transition" to a low-carbon economy becoming apparent.

Click the image to open the document on scenario analysis

Transition Plan

ANA Group has reviewed its mid-term environmental targets for FY2030 and transition strategy to achieve a decarbonized society, and updated its transition scenario toward carbon neutrality by FY2050. By FY2030, we will reduce CO2 emissions on both international and domestic flights by at least 10% compared to FY 2019, net.
To achieve this goal, we will combine four strategic approaches (operational improvements and technological innovation of aircraft, etc., low-carbon aviation fuel through the use of SAF, emissions trading, and negative emission technologies*1), with the use of SAF at the core.We will achieve carbon neutrality by 2050 while also pursuing compatibility with economic rationality.

1. *1.Negative Emissions Technologies (NETs): CO2 removal technologies that capture, absorb, store, and immobilize CO2 in the atmosphere.

Details as below

Risk Management

Risk Management System

The Group ESG Management Promotion Committee formulates and implements basic measures and progress monitoring in accordance with the fundamental policy decided by the Board of Directors and the ANA Group Total Risk Management Regulations, which stipulate the basic terms of the group's risk management system.

At each Group company, a risk management organization is in place with an ESG Promotion Officer (EPO) and an ESG Promotion Leader (EPL) serving as the risk management supervisor and the person in charge of risk management activities, respectively.
Risks related to climate change are recognized as significant and handled within the framework of total risk management.

Metrics and Targets

The Group has set out its '2050 Long-term Environmental Goals' and declared itself carbon neutral by 2050, and as a pathway to realising this, we have set '2030 Mid-term Environmental Goals' and are working to reduce our environmental impact.

ANA Group Medium- and Long-Term Environmental Targets related to CO2 emissions

Details as below

Efforts to reduce CO2 emissions

Data

Details as below

Evaluation by Carbon Disclosure Project (CDP)

Science-Based Targets(SBT)

as of 16/07/2024

1. *1: Emissions from the entire process of fuel production, delivery, and combustion of fuel
2. *2: Revenue Ton-Kilometers (100kg per passenger)