LATAM Airlines Group has positioned itself as the most sustainable airline in the Americas, and the fifth worldwide, according to the Corporate Sustainability Assessment (CSA) of S&P Global of December 2024 (former Standard & Poors).
In this edition, LATAM obtained a score of 67 points in the social, environmental, and economic performance, representing a 3-point improvement compared to the previous year, only surpassed by airlines from Asia. This result reflects the group’s continuous work to integrate sustainability as a strategic pillar in its operation, and consolidating itself as a reference in the region and worldwide.
The above enabled LATAM Airlines Group S.A to return to the prestigious Dow Jones Sustainability Index, after 5 years, in which LATAM was not a part of this index due to a reorganization process under Chapter 11 of the United States Bankruptcy Code. Today, LATAM has been reincorporated as a member of this index both in its Chilean list and in the list of MILA Pacific Alliance, which highlights companies in Chile, Colombia, and Peru.
Roberto Alvo, CEO of the LATAM Airlines Group, stated: “LATAM group has set out to work on sustainability from a wide and crosscutting perspective, while continuing to connect and transport its passengers. We are pleased to see that the path it has laid out is being highly fruitful today; however, it is convinced that there is still much to be done. It will continue working consistently to move forward in the roadmap towards net-zero emissions, incorporating a circular economic model, and generating value to the communities where the group operates," said Roberto Alvo, CEO of LATAM Airlines Group.
Progresses during the period
With its sustainability strategy as road map, the LATAM group outlined targets under three focal points: Climate Change, Circular Economy and Shared Value, being the most significant ones; to reach zero net emissions to 2050, eliminate single-use plastics in its operation, aiming to reach zero landfill waste to 2027 and also working jointly with communities where the group operates through its “Solidarity Plane”, a free transport of cargo and passengers program.
In this regard, LATAM group has managed to compensate more than 1.9 million of CO2 tons since 2020 and, at the same time, supporting the preservation of more than 300 thousand hectares of flooded savannas in Colombia, a strategic ecosystem, due to its high CO2 capturing capacity. Moreover, the single-use plastic has gone through a 97% reduction in the operation of our airline, thus representing more than 1,700 tons and, through the “Solidarity Aircraft” program, since 2021, has carried out the free transportation of more than 6,600 passengers, and 779 cargo tons, keeping more than 50 alliances in 5 countries of South America, with organizations such as Teletón (Campaign for development disabilities), Bomberos de Chile (Firemen), and Coaniquem (Organization supporting burnt children), in the case of Chile.
The above takes place within the framework of a positive year for LATAM group, which has gone through a sustained and profitable route. Closing the third quarter, the group managed to reduce its net leverage and reached a liquidity of US$3,600 million, with a growth over 15% in the operation of passengers. Recently, LATAM Airlines Group revealed its financial and operational projections for 2025, estimating an adjusted EBITDAR between US$3,250 million and US$3,600 million and a growth in its consolidated passengers operation between 7% and 9% (measured in available seat kilometers - ASK).
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