In turn, it is number one in the region in the Corporate Sustainability Assessment (CSA) of the risk rating agency that measures environmental, social and corporate governance practices of companies
LATAM Airlines Group is the fifth airline with the best sustainability performance worldwide and the first in the Americas and Europe, according to the most recent Corporate Sustainability Assessment (CSA) by Standard & Poor’s (S&P Global).
This result allowed the group to be the only airline on the continent to be present in the 2023 edition of “The Sustainability Yearbook”, a yearbook in which the prestigious risk rating agency S&P highlights those companies that have had outstanding growth in the evaluation of its sustainability management, standing out for its environmental, social and corporate governance practices.
“The positive position we achieved in the Standard & Poor’s sustainability assessment reflects the systematic work that the LATAM group is doing, which translates into concrete actions such as eliminating single-use plastics by the end of this year, advancing on the roadmap to be zero waste to landfill by 2027 or the conservation of more than 500 thousand hectares in South America”, commented Juan José Toha, Director of Corporate Affairs and Sustainability of the LATAM group.
To rank in the yearbook, companies must score in the top 15% of their industry and achieve an S&P Global Sustainability Score in the top 30% of companies performing in their area. In the 2023 edition, of a total of 7,800 companies evaluated, 57 were airlines, of which, according to the evaluation, only 5 entered the yearbook.