Atlas Air Worldwide is committed to effective global implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) program established by the International Civil Aviation Organization (ICAO).
ICAO’s aim for CORSIA, which we support, is to secure a broad-based international civil aviation commitment to zero net CO2 emissions growth starting in 2021. By adopting CORSIA, the international aviation community also has agreed to reduce its net CO2 emissions by 50% by 2050, compared with a 2005 baseline. We and other airlines will contribute to meeting those goals by tapping into existing carbon markets to implement an offset program.
Atlas has voluntarily begun tracking and will begin reporting emissions in accordance with CORSIA methodology in 2020, even though it will not yet be mandatory in ICAO member countries. We believe this leadership position is good for the environment and good for our business. While the data will be verified by an independent third-party, the program overall will be self-policing – therefore, we expect to be a strong voice in the industry for maintaining a culture of transparency and compliance.
Atlas Air Worldwide’s commitment to ESG is activated at all levels of our company, by our executive leadership team, through…