ESG ratings: Lufthansa Group again achieves top rankings
The Voice of Chandigarh News:
Independent sustainability analysts and rating agencies regularly assess the activities of the Lufthansa Group according to ESG criteria (Environmental, Social, Governance). In two important ESG ratings, the Lufthansa Group has now once again been attested a strong ESG performance:
MSCI ESG Rating: “AA” rating for the third year in a row
The internationally recognized US rating agency MSCI has reanalyzed the Lufthansa Group’s sustainability management and, for the third year in a row, given it an “AA” rating well above the industry average in the MSCI ESG Rating (rating scale AAA (best rating) to CCC). The MSCI ESG Rating identifies companies that are particularly committed to sustainability. In the current assessment, the Lufthansa Group continues to play a leading role in ESG among the 21 airlines analyzed by MSCI ESG Research. The Lufthansa Group has been included in the MSCI Global Sustainability Index since 2015.
ISS ESG Corporate Rating: “Industry Leader” and “Prime Status” confirmed
In the ISS ESG Corporate Rating 2024, the Lufthansa Group is one of two airlines to have once again been awarded “Prime Status” with a “C+” (rating scale A+ (best result) to D-). This places it in the group of “Industry Leader” among a total of 49 airlines rated. Prime status is awarded to leading companies in their respective industries that have performed well in the rating process according to an evaluation of over 300 industry-specific ESG criteria.
First place in the DVFA Scorecard for Corporate Governance 2024
In the analysis of MDAX companies published at the end of October by the German Association for Financial Analysis and Asset Management (DVFA), the DVFA Scorecard for Corporate Governance 2024, the Lufthansa Group received the rating “very good” with an overall score of 85.80 percent, putting it in first place. The DVFA annually assesses the governance quality of DAX, MDAX and SDAX companies.
Successful CDP ranking already at the beginning of the year
Already at the beginning of 2024, the Lufthansa Group received the top rating of “A-” in the renowned CDP climate ranking for the second year in a row for its CO2 reduction strategy and implementation (rating scale from “A” (best result) to “D-”). The climate ranking of the non-profit organization CDP is considered the global gold standard for environmental reporting.
The Lufthansa Group’s experts carefully evaluate the ratings and the classification of the sustainability indices with the aim of further improving the company’s performance.
Comprehensive ESG reporting
Responsible business practices are an integral part of the Lufthansa Group’s corporate culture and firmly anchored in its corporate strategy. The Lufthansa Group’s ESG reporting is continuously developed in line with nationally and internationally recognized reporting standards. In addition to the legally required non-financial declaration and the EU Taxonomy Regulation, the Lufthansa Group also reports voluntarily in accordance with TCFD (Task Force on Climate-related Financial Disclosures) and SASB (Sustainability Accounting Standards Board). These reports, including the CDP report, can be viewed on the website of the Lufthansa Group.
Lufthansa Group pursues ambitious sustainability goals
The Lufthansa Group has set itself ambitious climate protection goals and is consistently working to achieve them. By 2030, the aviation group wants to halve its net CO₂ emissions compared to 2019 through reduction and compensation measures. The reduction part of the 2030 target was validated by the independent Science Based Targets initiative (SBTi) in August 2022. By 2050, the Lufthansa Group aims to achieve a neutral CO₂ balance through reduction and compensation measures. For effective climate protection, the Lufthansa Group relies in particular on continuous fleet modernization, the ongoing optimization of flight operations, the use of Sustainable Aviation Fuel (SAF) and offers for private travelers and corporate customers to make air travel or freight transport more sustainable. In addition, the Lufthansa Group has been actively supporting global climate and weather research for many years.
