NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
NET ZERO
SUSTAINABILITY STRATEGY
       September 2021 | Version 1.0
NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
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                                                                                 1   FOREWORD
CONTENTS       Foreword from Steve Heapy
               Page 3

           2   Our Journey So Far
               Page 4
                                                                                     FROM STEVE HEAPY
               Becoming One of the Most Carbon Efficient Airlines in the World       Economically, socially and culturally, travel is a   However, we cannot tackle climate change on
               Page 4                                                                force for good and Jet2 is continuing its work to    our own. We need to work with fuel suppliers and
                                                                                     make it more sustainable.                            air navigation services to make aviation more
               Our Efficient Flying Programme                                                                                             efficient and the Government must do more to
                                                                                     We have been praised by consumer experts
                                                                                                                                          help our industry to decarbonise by investing
               Page 5                                                                for the speedy and smooth way we’ve dealt
                                                                                                                                          the revenue it receives from green taxes into
                                                                                     with refunds throughout the pandemic but our
                                                                                                                                          decarbonisation and the supporting infrastructure.
               Jet2 Electric on the Ground                                           obligation to both our customers and staff to
                                                                                     drive positive change throughout our business        Britain has the opportunity to lead the world
               Page 7
                                                                                     and the wider sector stretches beyond the            in Sustainable Aviation Fuels and other
                                                                                     current crisis.                                      decarbonisation technology, and diverting the
               Reducing our Waste and Plastic                                                                                             levies raised by government in the name of
               Page 8                                                                Jet2 has always taken its environmental impact
                                                                                                                                          sustainability paid by airlines towards helping this
                                                                                     seriously and as a socially and environmentally
                                                                                                                                          industry take off is quite simply the right thing to
                                                                                     responsible airline & tour operator we
               Highlights of our Journey so Far                                      recognise our future growth must continue to
                                                                                                                                          do for both the economy and the environment.
               Page 8                                                                be sustainable. We are taking a strong stance        Our vision is to become “one of the leading
                                                                                     on sustainability and the launch of our JET2         brands in sustainable air travel and package

           3   Our Decarbonisation Flight Path
               Page 9
                                                                                     NET ZERO strategy is a proud milestone that
                                                                                     accelerates our decarbonisation flight path.
                                                                                                                                          holidays” and taking action On the Ground,
                                                                                                                                          In the Air and In Resort is accelerating us
                                                                                                                                          on our journey towards our Net Zero 2050
                                                                                     Our strategy looks at our biggest environmental
               Sustainability at Every Stage of the Journey                                                                               commitment, ensuring our customers can enjoy
                                                                                     impacts, how we have addressed these impacts
                                                                                                                                          Real Package Holidays from Jet2holidays® or
               Page 9                                                                in the past and sets out how we will tackle them
                                                                                                                                          scheduled holiday flights with Jet2.com that are
                                                                                     in future. Jet2.com is investing significant sums
                                                                                                                                          more environmentally sustainable.
               Key Objectives                                                        in climate mitigation measures ranging from the
               Page 10                                                               recently announced deal to purchase up to 60
                                                                                     new and more efficient Airbus A321 NEO aircraft
                                                                                     to committing to using Sustainable Aviation
               On the Ground                                                         Fuels and using carbon offsets to make sure
               Page 12                                                               our customers have their carbon covered. We
                                                                                     are taking action to electrify our ground-based
               In the Air                                                            equipment, moving our offices to renewable
               Page 13                                                               energy supplies and we are addressing onboard                                 STEVE HEAPY
                                                                                     plastic & waste issues. Jet2holidays is also                                  Chief Executive Officer
               In Resort                                                             taking action on environmental impacts in our
                                                                                     supply chain by enabling customers to make
               Page 16
                                                                                     more sustainable accommodation choices.

           4   Our Pledge
               Page 18

           5   Our Demands
               Page 19

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
2                  OUR JOURNEY                                                                                                                                                         OUR EFFICIENT FLYING                                  So, compared to the UK industry average
                                                                                                                                                                                                                                             of 95 g CO2 emitted for every km flown, we
                                                                                                                                                                                       PROGRAMME

                   SO FAR
                                                                                                                                                                                                                                             have reduced our emissions to 67g per km
                                                                                                                                                                                       Jet2.com is an industry leader in reducing its        per passenger (FY20 figures). This means
                                                                                                                                                                                       carbon emissions. Over the last 10 years, until       that when flying with Jet2.com, a person
                                                                                                                                                                                       the start of the pandemic, we have saved 1.8          emits significantly less carbon than when they
                                                                                                                                                                                       million tonnes of CO2 by investing in making our      choose most other airlines.
                   WE ARE ALREADY ONE OF                                                                     Over the last ten years, our efficient flying                             fleet and operations better and more efficient,
                                                                                                             programme, our waste reduction scheme and
                   THE MOST CARBON EFFICIENT                                                                                                                                           the equivalent of nearly 1 million cars being
                                                                                                             our ground service equipment electrification                              taken off the road for a year.
                   AIRLINES IN THE WORLD                                                                     programme has reduced our carbon emissions
                                                                                                                                                                                       In the period from 2011 to 2020 we improved              	Summary of our efficient flight program
                   At Jet2 we take our environmental obligations                                             significantly, allowing us to become one of the
                                                                                                                                                                                       our efficiency (CO2 per passenger kilometre)               and how we have changed how we fly to
                   seriously, and we always have. That is because                                            most efficient airlines in the world, ranked number
                                                                                                                                                                                       by more than 19%. That means we increased                  reduce our emissions:
                   we believe running a business in the most                                                 11 out of more than 200 airlines, by atmosfair*.
                                                                                                                                                                                       our efficiency by an average of 2.4% each year;
                                                                                                                                                                                                                                                • Ordering more, new fuel-efficient aircraft.
                   efficient and environmentally responsible                                                                                                                           substantially ahead of ICAO’s global annual

                                                                                                              “
                   way possible, minimising both emissions and                                                                                                                         average fuel efficiency goal of 2% until 2020.           • Single engine taxi operations.
                   carbon intensity (emissions per unit of product
                                                                                                                        One of the most
                                                                                                                                                                                                                                                • Careful route planning to reduce fuel.
                   delivered), is the right thing to do.                                                                efficient airlines in the                                      A significant contribution to this efficiency
                                                                                                                                                                                       improvement has been brought about through               •	Performance-based navigation
                                                                                                                        world, ranked number                                           investment in our fleet, including purchasing 34            approaches.
                                                                                                                        11 out of more than 200                                        new Boeing 737-800NGs for a list price of $3.3
                                                                                                                                                                                                                                                •	Reduced thrust take offs and continuous

                                                                                                                                                                                   ”
                                                                                                                        airlines, by atmosfair*.                                       billion between 2016-2019, committing to future
                                                                                                                                                                                                                                                   descents.
                                                                                                                                                                                       aircraft investment (see “In the Air” section), and
                                                                                                                                                                                       the installation of winglets onto 95% of our fleet.      •	Using electric ramp vehicles and fixed
                                                                                                                                                                                       These investments saved over 181,000 t CO2 in               electrical ground power where available.
                                                                                                                                                                                       2019, the equivalent of avoiding 413,000 tonnes
                                                                                                                                                                                                                                                • Weight saving initiatives.
                                                                                                                                                                                       of food waste going to landfill.
                                                                                                                                                                                       We’ve also changed how we fly, focusing on all
                                                                                                                                                                                       aspects of the airline’s operation. This includes
                                                                                                                                                                                       investing in the latest navigation and route
                                                                                                                                                                                       planning equipment, so we get to destinations

                                                                                                                                                                                                                                             “
                                                                                                                                                                                       faster and more efficiently as well as using
                                                                                                                                                                                       single engine taxi operations. These actions,               We increased our
                                                                                                                                                                                       combined with ongoing weight saving initiatives
                                                                                                                                                                                                                                                   efficiency by an average
                                                                                                                                                                                       - including using lightweight seats, carbon
                                                                                                                                                                                       brakes, lighter catering carts, and the removal             of 2.4% each year;
                                                                                                                                                                                       of paper manuals have saved over 30,000 t CO2               substantially ahead of
                                                                                                                                                                                       in 2019.                                                    ICAO’s global annual
                                                                                                                                                                                                                                                   average fuel efficiency

                                                                                                                                                                                                                                                                                       ”
                                                                                                                                                                                                                                                   goal of 2% until 2020.

*atmosfair is a German non profit organisation which produces the atmosfair Airline Index comparing and ranking the carbon efficiency of the 200 largest airlines of the world.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
JET2 ELECTRIC ON
                                                                              THE GROUND
                                                             LATEST

                                                                                                                                   “
                                                           NAVIGATION         Our electrification programme is allowing us
                                                                              to reduce the environmental footprint of our             We have invested
                                                           EQUIPMENT
                                                            FOR DIRECT        ground handling operations. We have invested             significantly in new
                                                          ROUTINGS & CDA      significantly in new equipment in recent years,          equipment in recent
          INSTALLATION                                                        and will continue to do so as older equipment is
          OF WINGLETS                                                         retired, resulting in 42% of our ground service
                                                                                                                                       years, and will
                                                                              equipment (GSE), such as our baggage tractors            continue to do so as
                                                                              and belt loaders, now being electric. We are             older equipment is
                                                         SINGLE ENGINE        also proud that the majority of our vehicles
                                                        TAXI AT AIRPORT                                                                retired, resulting in
                                                                              meet the highest fuel and emissions standards,
                                                                              meaning they produce less emissions, and we              42% of our ground
                                                                              are increasing the use of the latest technologies,       service equipment

                                                                                                                                                               ”
                                                                              such as installing telemetry (C-Track) on board          now being electric.
                                                                              our ground service equipment to monitor fuel
                                                                              use, ensuring not only that the equipment is
                                                                              efficient, but our processes and training are
                                                                              optimised for efficiency.

                                                            WEIGHT
                                                          REDUCTIONS
    34 NEW AIRCRAFT                                     LIGHTWEIGHT SEATS &
     BOEING 737-800                                      CATERING CARTS, NO
                                                        MANUALS ON BOARD &
                                                           CARBON BRAKES

          BY INCREASING EFFICIENCY            JET2.COM RANKED 11TH MOST
       JET2.COM SAVED OVER 1.8 MILLION    ENVIRONMENTALLY EFFICIENT AIRLINE
        TONNES OF CO2 EMISSIONS FROM     IN THE WORLD OUT OF MORE THAN 200
             FY 10/11 TO FY 19/20.         AIRLINES ASSESSED BY ATMOSFAIR.

*Savings based on 2019 figures.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
3   OUR DECARBONISATION
    	REDUCING OUR WASTE
      AND PLASTIC
    	
     Jet2 recognises the urgent need to protect
     the world’s ecosystems by working towards
                                                                                                                  FLIGHT PATH
     a circular economy and reducing the carbon              HIGHLIGHTS TO DATE
     emissions that come from the creation,
     distribution, and disposal of waste.                •	Our efforts to increase efficiency across             SUSTAINABILITY AT EVERY                            real action we can take now before other viable
                                                                                                                                                                     technological decarbonisation advancements
    	That is why we have developed an industry             our operations since 2010/11 have saved               STAGE OF THE JOURNEY
                                                                                                                                                                     are available.
      leading recycling and waste reduction                 in excess of 1.8 million tonnes of CO2,
                                                                                                                  Whilst we are proud of the progress we have        In launching our sustainability strategy with
      programme. This has entailed:                         equivalent to taking nearly 1 million cars off
                                                                                                                  made on sustainability so far, we want to remain   the vision to become “one of the leading
                                                            the road for a year.
    •	Replacing single-use plastics with more                                                                    a leader. To do that we need to take further       brands in sustainable air travel and
       biodegradable and recyclable alternatives, such   •	With emissions of 67g CO2 per passenger               action to reduce our footprint and enhance our     package holidays” we are putting in place
       as wooden cutlery and cardboard meal boxes.          kilometre in FY 19/20 we were one of the              contribution to reaching net zero.                 stretching but pragmatic targets which will
                                                            most efficient airlines in Europe & ranked 11th
    •	Increasing the number and % of recycled                                                                    We are committed to net zero carbon emissions      have meaningful positive impacts, starting our
                                                            most environmentally efficient airline in the
       materials on board, such as increasing the                                                                 by 2050 but aspire to bring this date forward.     journey towards our Net Zero 2050 pledge
                                                            world by atmosfair.
       use of recycled rPET water bottles and 100%                                                                This document outlines our flight path to          and ensuring our customers can enjoy Real
       recycled LDPE bags.                               •	Almost half of all of our ground service              guide us on our journey to achieve that. In        Package Holidays from Jet2holidays® or
                                                            equipment is already electric.                        2022, we will launch one of the world’s largest    scheduled holiday flights with Jet2.com that
    •	Launching our in-flight recycling programme,
                                                         •	We removed over 9 million plastic items from          airline carbon offset schemes, offsetting all      are more environmentally sustainable.
       so we can make sure material which would
       previously have gone to landfill (such as our        our planes every year.                                emissions not already covered by our annual,       Our decarbonisation flight path covers all of our
       recycled water bottles), can be used again.                                                                and increasing, contribution to existing carbon    business operations, on the ground, in the air
                                                                                                                  pricing schemes, which based on current prices     and in resort so we can address sustainability at
      It means that:                                                                                              may well be in excess of £45m in 2022. This is a   every stage of the journey. Across each we have
    •	We have already removed over 9 million plastic                                                             major step towards our individual net zero 2050    measurable KPIs and commitments.
       items from our planes every year.                                                                          carbon emissions commitment and represents

    •	Since 2019 we have switched nearly ¼ of the
       onboard plastic items to more sustainable
       alternatives and are actively working with our
       supply chain to tackle the remaining items.
    	We estimate this programme will help to recycle
      up to 50% of on-board waste which would
      mean recycling up to 1.2 million knives, forks
                                                         “   We have removed over 9
                                                             million plastic items from
                                                             our planes every year by
      and spoons, 2.9 million wooden stirrers and 4.7
      million plastic products, based on usage in the        replacing single-use plastics
      year ended 31 March 2020.                              with more biodegradable
                                                             and recyclable alternatives,
                                                             such as wooden cutlery and

                                                                                                        ”
                                                             cardboard meal boxes.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
1ST SUSTAINABILITY TARGETS

     ON THE GROUND                                       OBJECTIVES                                                                                         1.	Agree Targets and Goals for the 1st 3 years.
     SCOPE                                                                                                                                           2021   2.	Launch Sustainability Strategy in
                                                                                                                                                                September 2021.
     Includes impacts from activities carried out by     The key objectives of the flight path are to:
     our ground handling operations, our offices and   •	Make sure our business strategy has the
     in our training facilities.                          environment and sustainability at its heart.        CARBON NEUTRAL OFFICES

     OBJECTIVE
                                                                                                                  & GROUND HANDLING                  2022              JET2.COM ACTION ON CARBON
                                                                                                                                                                       Beginning January 2022.
                                                       •	Work collaboratively with the wider industry       Run offices on Renewable Energy
                                                          and suppliers to develop aviation that            2022 onwards, offset all remaining                         All emissions from flights outside
     By focussing on energy efficiency and investing                                                             emissions & GSE emissions.                            ETS & CORSIA offset.
     in new equipment to reduce emissions, we will        is sustainable.
     produce meaningful changes throughout our         •	Communicate our sustainability publicly and              HOTEL SUSTAINABILITY
     workplaces, enabling and encouraging our             hold ourselves to account.                                 LABELLING SCHEME
     colleagues to carry out their work in a more                                                         Listing & filtering on website of hotels
     sustainable manner.                                                                                        with sustainability certifications
                                                                                                                       meeting GSTC standards.

     IN THE AIR                                        We are committing to reporting annually on the
     SCOPE                                             progress we are making against these targets,
                                                                                                                            GSE >50% ZERO
                                                                                                                            EMISSION FLEET           2023              80% REDUCTION IN
                                                                                                                                                                       SINGLE USE PLASTIC
                                                                                                                       At least 50% of GSE to                          Across Jet2.com on board products
                                                       to ensure that we are transparent in the actions            have zero emissions mainly                          equating to 11 million items/year.
     Encompasses the most material environmental
                                                       we are taking to champion sustainability within                 through electrification.
     impacts associated with our airline.
                                                       our business and throughout our supply chain.
     OBJECTIVE                                                                                                 GSTC RECOGNISED HOTEL
                                                       From now on, we will also be reporting our
                                                                                                               SUSTAINABILITY CHARTER
     Our airline remains the biggest contributor to    corporate governance of climate risk and                    Hotels to be certified under
     Jet2 plc’s environmental footprint with impacts   sustainability issues in our Annual Reports                    Jet2holidays run GSTC
                                                                                                                          recognised scheme.
     mainly coming from CO2 emissions and waste.       & Accounts in line with the task force for                                                           REVIEW OF 1ST
                                                                                                                                                            SUSTAINABILITY STRATEGY
     We are vigorously pursuing initiatives that
     minimise our airline’s environmental impacts,
                                                       climate related financial disclosures (TCFD)
                                                       recommendations. Our latest SECR Greenhouse
                                                                                                                                                     2024   Assess our progress against all targets.
                                                                                                                                                            Set targets for next 3 years.
     with a primary focus on lowering our CO2          gas emissions (GHGs) emissions figures
     emissions. This includes investing in new         by Scope, energy consumption, efficiency              2ND SET OF TARGETS
     aircraft and fuel efficiency measures.            and intensity metrics arising from business
                                                       operations are reported in the “Summary GHG
                                                       Emissions Results” in our 2021 Annual Report &                                                2025               65g CO2 /PAX KM TARGET

     IN RESORT                                         Accounts. (pages 40-43).
                                                                                                                                                                        Reduce our gCO2 per passenger
                                                                                                                                                                        kilometre to 65 by 2025 (3%
                                                                                                                                                                        reduction vs 2019).
     SCOPE

                                                           “                                                                                         2026
                                                                                                                      FIRST UK PRODUCED
     Covers activities associated with our holiday               We are committing                                            SAF DELIVERY
     product, specifically working with hoteliers.                                                         Jet2.com is working with a leading
                                                                 to reporting annually                    supplier of Sustainable Aviation Fuel
     OBJECTIVE
                                                                 on the progress we                           (SAF) and will use UK produced
                                                                                                                                  SAF in 2026.
     Hotels are critical in protecting the local
     environment and they are key partners in
                                                                 are making against                                                                  2027

                                                                                               ”
     ensuring more sustainable destinations and
                                                                 these targets.
                                                                                                             3RD SET OF TARGETS
     holiday experiences. Working with them, we
     will embed sustainability throughout our supply
     chain to deliver high quality services with                                                                                                     2028
     minimised environmental impacts, keeping our
     resorts and destinations special.                                                                                                               2029
                                                                                                                 60g CO2 /PAX KM TARGET
                                                                                                              Reduce our gCO2 per passenger
                                                                                                                                                     2030
                                                                                                                 kilometre to 60 by 2030 (10%
                                                                                                                            reduction vs 2019).

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
ON THE GROUND                                                                                           IN THE AIR                                            those not covered by the Carbon Offsetting and
                                                                                                                                                                   Reduction Scheme for International Aviation
     Our operations on the ground will be carbon                                                             EFFICIENCY                                            (CORSIA) or the UK and EU Emissions Trading
     neutral from 2022. Over 50% of our ground                                                                                                                     Schemes (ETS), as such ensuring there is a
                                                                                                             Our flights will be even more efficient with
     service equipment (GSE), will be zero carbon by                                                                                                               price on every tonne of carbon we emit.
                                                                                                             emission per passenger reduced 10% by
     2023, powered by either electricity or biodiesel.
                                                                                                             2030. Despite already being one of the most           We know that carbon offsetting programmes
     We will grow our Jet2 electric programme                                                                efficient airlines in the world, we want to do        based on customer choice are not the future
     to ensure as much equipment as possible                                                                 better. We will reduce the amount of CO2 per          of sustainable travel. Despite many airlines
     contributes to actively reducing our emissions                                                          passenger by continuing to invest in the latest       offering customers the ability to offset their
     on the ground.                                                                                          technology and innovation, as demonstrated            flights, data suggests that customer offsets
                                                                                                             by our new order for up to 60 Airbus A321 NEO         achieve less than 1% uptake across the airline
                                                                                                             aircraft, which is in our view, the most efficient    industry. That is why we have made carbon
                                                                                                             and environmentally friendly aircraft in its          offsetting an intrinsic part of our business
                                                                                                             class today. This aircraft order showcases our        strategy. It means our customers don’t need to

       “
                                                                                                             commitment to becoming a more sustainable             think about carbon offsetting, because we’ve
             Our operations on the                                                                           airline by securing a best-in-class aircraft          got their carbon covered.
             ground will be carbon                                                                           which delivers a 20 per cent reduction in fuel
                                                                                                                                                                   This offsetting programme and commitment

                                                ”
             neutral from 2022.                                                                              consumption and CO2 emissions per seat
                                                                                                                                                                   to carbon pricing mechanisms showcases our
                                                                                                             against previous generation single aisle aircraft
                                                                                                                                                                   strong leadership in sustainable air transport
                                                                                                             models. It will reduce our environmental impact
                                                                                                                                                                   and tourism, going far beyond regulatory
                                                                                                             and help us on our Jet2 Net Zero journey.
                                                                                                                                                                   requirements and helping us on our Jet2 Net
                                                                                                             The impact of this investment has been modelled       Zero journey.
                                                                                                             into our future emissions projections and we
                                                                                                                                                                   We punch above our weight when it comes to
                                                                                                             estimate that integrating these aircraft into our
                                                                                                                                                                   addressing our carbon emissions and our carbon
                                                                                                             fleet, along with continued fuel efficiency savings
                                           ON THE GROUND                                                                                                           offsetting programme will be one of the largest
                                                                                                             over the next decade, will help us achieve more
                                                                                                                                                                   by any airline in the world. Jet2.com will offset
                                                                                                             than a 10% cut in overall CO2 emissions against
                                                                                                                                                                   any emissions not currently covered by existing
                          TARGET                                      MEASUREMENT                            a 2019 business as usual baseline.
                                                                                                                                                                   carbon pricing mechanisms which will result in
                                                                                                                                                                   a significant drop in our net emissions. This is
        i.	Over 50% GSE to be zero carbon                Measured as electric/bio-diesel percentage         CARBON OFFSETTING
                                                                                                                                                                   action we can take now whilst anticipating major
            emission fleet by 2023.                       of all Jet2.com owned GSE fleet and                All our carbon will be covered. We are                technological decarbonisation advancements in
                                                          energy consumption.                                combining our commitment to existing carbon           future and showcases our willingness to go over
                                                                                                             pricing mechanisms with a new voluntary               and above our annual UK & EU ETS obligations,
        ii.	Carbon Neutral offices & Ground              Covering all offices where we control supply.      offsetting scheme, launching on 1st January           which based on current prices may well be in
             Handling from 2022 - Run our offices on      We will report consumption, show Power             2022. By doing this, we are taking full               excess of £45m in 2022.
             renewable electricity and offset remaining   Purchase Agreements (PPA) or Renewable             responsibility for all carbon emissions, including
             emissions from both offices and GSE.         Energy Guarantee of Origin (REGOs) and
                                                          offset all residual emissions. All fuel use from
                                                          GSE to be offset.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
Not all offsets are equal, and we know our           What is Sustainable Aviation Fuel? Sustainable
     customers want to know how and where we              Aviation Fuels are a drop in fuel, meaning they                                             IN THE AIR
     offset our emissions. That is why our offsetting     can be used in existing aircraft (currently up
     programme is focused on making meaningful            to a 50% mix) as they are almost chemically                           TARGET                                      MEASUREMENT
     real-world impacts. Our projects will focus on       identical to fossil-based jet fuel. However, SAFs
     investing in renewable energy development. Our       are far less carbon intensive in their production
                                                                                                               iii.	
                                                                                                                    Reduce our gCO2 per passenger               Airline gCO2 per passenger kilometre figure
     carbon offsets will provide funding to accelerate    and use (their life cycle), achieving on average
                                                                                                                    kilometre figure to 65 by 2025 (3%) and     will be reported annually. Baseline 67 gCO2
     the transition away from fossil fuel generation in   an 80% reduction in carbon emissions when
                                                                                                                    60 by 2030 (10%).                           per passenger kilometre for 2019.
     circumstances where this would not otherwise         compared to fossil-based jet fuel. SAF can be
     happen. While carbon offsets are not a silver        made from a number of sustainable sources
                                                                                                               iv.	Commit to first Sustainable Aviation        Use SAF in 2026. Jet2.com are working
     bullet to solving climate change, when done          for example recycled materials such as used
                                                                                                                    Fuel uplift (SAF) by 2026.                  closely with a SAF producer with agreement
     correctly, they make a meaningful contribution       cooking oil, municipal waste, or recycled waste
                                                                                                                                                                to take first delivery of UK-produced SAF
     to the transition towards a low carbon economy       industrial gasses, which are processed via
                                                                                                                                                                in 2026.
     all around the world and our offsetting              a number of approved production methods.
     programme is an example of this.                     Sustainable aviation fuel is a crucial stage in
                                                          decarbonising the aviation sector. Investing         v.	From 2022 offset all airline emissions not   Jet2.com’s total GHG emissions minus the
     Jet2 has undertaken an extensive selection                                                                    covered by carbon pricing mechanisms.        GHG emissions covered by regulatory carbon
                                                          in UK SAF production has the potential to
     process to select how it offsets its carbon                                                                                                                pricing mechanisms will be voluntarily offset.
                                                          positively impact UK GDP, creating new green
     emissions. We worked with independent                                                                                                                      Regulatory carbon pricing mechanisms
                                                          jobs and helping provide low carbon mobility.
     environmental consultant deltasimons to                                                                                                                    include Emissions Trading Schemes and the
     select our offsetting partner, Vertis. Vertis are                                                                                                          Carbon Offsetting and Reduction Scheme for
                                                          WASTE
     International Carbon Reduction and Offset                                                                                                                  International Aviation (CORSIA).
     Alliance (ICROA) members which guarantees            With regards to waste we will turbo charge our
     high-quality credits and projects. It means          waste and recycling schemes. We will remove
                                                                                                               vi. Reduce the use of single use plastics       The 80% reduction is measured against a
     that our offsetting projects will be of the          11 million single use plastic items by 2023.
                                                                                                                    on board our aircraft by 80% by 2023.       baseline of 2019 products & packaging from
     highest standards, certified by Gold Standard,       We’ve already removed the equivalent of 9
                                                                                                                                                                Jet2.com onboard product.
     Verified Carbon Standard, and The UN Clean           million single-use plastic items per year prior to
     Development Mechanism.                               2019, and are committing to going further, with
                                                                                                               vii.	By 2022 put in place improved on           Put in place an ongoing programme to
                                                          an 80% reduction on all remaining plastic items
                                                                                                                     board recycling measuring system           measure and report the total volume of
     SUSTAINABLE AVIATION FUEL                            Jet2.com purchase for use on-board e.g. cups
                                                                                                                     and establish a credible target for        recyclable material on board to establish a
                                                          and bags.
     We are committed to the use of sustainable                                                                      increased recycling.                       baseline, setting a target as a proportion of
     aviation fuel. We are currently in discussions       By 2022 we will set new recycling targets. In                                                         total waste and monitor performance.
     with a number of leading fuel suppliers with the     order to ensure that our closed loop approach
     goal of taking UK produced SAF as early as           works we need to measure the amount of
     2026. Jet2.com has already agreed a letter of        recycling that is happening on board our aircraft.
     intent with a sustainable aviation fuel provider     We are committed to having on board recycling
     which signifies our commitment to lowering           monitoring in place by 2022 that will enable us to
     emissions wherever possible, investing in new        set targets to increase recycling rates.
     emissions reduction technology and utilising all
     currently available options to reduce CO2.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
	 IN RESORT	                                           Tourism Council (GSTC) recognised
                                                              certification scheme, a Hotel Sustainability                                                     IN RESORT
     	Our hotel scheme will help customers to
                                                              Charter, by 2023. Once in place we will look to
       travel more sustainably. We know customers
                                                              roll this out across our hotel portfolio.                               TARGET                                                MEASUREMENT
       are already driving the change towards more
       sustainable accommodation options and we             	
                                                             Jet2holidays Hotel Sustainability Charter
       are providing the platform to empower them to         approach is based around the need to                 viii.	Put in place a fair and transparent Hotel      Website to enable sustainability certification
       continue to do this through our booking system.       encourage our hotel portfolio to move towards              Sustainability labelling scheme which           filtering by 2022 for Jet2holidays customers.
                                                             becoming more sustainable. The Hotel                       includes listing & filtering ability on our
     	Our hotels are also important to us, because
                                                             Sustainability Charter will cover sustainable              website by 2022.
       we recognise the role we play in shaping
                                                             hotel management as well as environmental,
       local communities.
                                                             socioeconomic and cultural business impacts          ix.	Develop a Jet2holidays Global Sustainable        Jet2holidays Sustainability Charter to be
       HOTELS:                                               as per GSTC sustainability in travel and                  Tourism Council (GSTC) recognised Hotel          GSTC recognised by 2023 with operational roll
                                                             tourism criteria.                                         Sustainability Charter by 2023.                  out commencing after recognition is achieved.
     •	Have a significant impact on our customer
        welfare, one of our highest priorities,             	Working with the accommodation sector to
                                                               promote more sustainable operations will help
     •	Are significant contributors to local employment,
                                                               to tackle both the climate crisis and other
     •	Contribute to waste and plastic consumption            localised environmental issues such as in
        and disposal issues in destination,
                                                                                                                	HOW WE WILL ACHIEVE                                   •	SAF – achieving at least 4% saving by 2030,
                                                               destination waste and water stress.                                                                         with a possibility to be increased subject
                                                                                                                  THE REDUCTION IN OUR
     •	Are large water consumers, usually sited in                                                                                                                        to appropriate government and fuel
        areas of high-water scarcity,
                                                                                                                  NET EMISSIONS                                            industry support.
                                                                                                                	
                                                                                                                 Jet2.com are not only relying on offsetting
     •	Are our biggest supply chain impact in terms                                                                                                                    •	Single European Sky - to be fully introduced
                                                                                                                 to help us decarbonise. We have outlined an
        of carbon emissions.                                                                                                                                               with an approximate saving of 9% across the

                                                              “
                                                                                                                 emissions reduction plan which would see
                                                                    Jet2holidays Hotel                                                                                     network by 2030.
     	We contract with over 4,000 hotels and we                                                                 us utilising a range of technologies alongside
       estimate that currently around 4% our hotel                  Sustainability Charter                       offsetting to reduce overall emissions.                	This is alongside our commitment to carbon
       supply chain has, or are in the process                                                                                                                            pricing and offsetting
                                                                    approach is based                           	We have mapped an emissions reduction
       of obtaining, some form of sustainability                                                                                                                        •	CORSIA Offsets – accounting for 21% of
       certification. But Jet2holidays are setting a                around the need to                            pathway which will bring net emissions to
                                                                                                                  approximately half of what they were in 2019             emission by 2030.
       target to develop its own Global Sustainable                 encourage our hotel
                                                                                                                  by 2030. Expected emissions reductions will           •	UK & EU ETS emissions accounting for 29.5%
                                                                    portfolio to move                             come from:                                               of emissions in 2030.
                                                                    towards becoming
                                                                                                                                                                        •	Offsetting remaining emissions outside of

                                                                                                  ”
                                                                    more sustainable.                             REDUCING OUR CARBON
                                                                                                                                                                           carbon pricing mechanisms equalling 26.5% of
                                                                                                                •	Fleet renewal & fleet efficiency improvements           emissions in 2030.
                                                                                                                   achieving approximately 10% emissions
                                                                                                                   reductions by 2030.

                                                                                                                                                                      *Estimations based on current trajectories and policy frameworks vs 2019 baseline.

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NET ZERO SUSTAINABILITY STRATEGY - September 2021 | Version 1.0 - Jet2 plc
4    OUR
     PLEDGE                                                                                                 5     OUR
                                                                                                                  DEMANDS
     To tackle climate change, concerted action             SUMMARY OF OUR KEY                                  	With a clear focus on reducing emissions from       	As such Jet2.com and Jet2holidays is calling
     from governments, citizens and businesses                                                                    our business we have put in place a strategy           on both the UK Government and the EU to:
                                                            COMMITMENTS
     is required. We know transport is hard to                                                                    which seeks to use all options available to us to
                                                                                                                                                                      •	Ringfence future revenues from the aviation
     decarbonise, and aviation in particular.                                                                     tackle our carbon emissions. To tackle climate
                                                                                                                                                                         sector’s participation in UK & EU Emissions
     However, Jet2 is committed to investing the          • Reduce our CO2 per passenger 10% by 2030.             change concerted action from governments,
                                                                                                                                                                         Trading System and ensure they are used
     time, money, and effort to make it happen.           •	All our carbon will be covered by offsetting         citizens and businesses is also required. We
                                                                                                                                                                         to deliver environmental initiatives with a
                                                             all emissions not covered by existing carbon         have started our trajectory to net zero 2050 and
     We want to work closely with government to put                                                                                                                      particular focus on decarbonisation solutions
                                                             pricing mechanisms.                                  we will do our part to enable our customers to
     in place the right policy frameworks to enable                                                                                                                      for the aviation sector.
                                                                                                                  make more sustainable choices.
     the aviation sector and Jet2.com to continue on      •	Committed to using UK produced                                                                           •	Ensure the new UK Emissions Trading System
     the route to net zero, whilst ensuring mobility is      Sustainable Aviation Fuel (SAF) by 2026.           	However, the aviation industry relies on
                                                                                                                                                                         reflects the difficulties and challenges facing
     available to all, creating and safeguarding jobs,                                                            governments creating the right policy
                                                          • 50% zero emission GSE equipment by 2023.                                                                     the aviation sector today; creates a level
     and building a more sustainable aviation sector                                                              frameworks for aviation to be able to
                                                                                                                                                                         playing field for all airlines; and avoids policy
     for the long term.                                   •	Replace 11 million single use plastic items          decarbonise and to tackle waste appropriately
                                                                                                                                                                         overlap and carbon leakage.
                                                             with more sustainable alternatives.                  over the long term. Our JET2 NET ZERO

     “
                                                                                                                  sustainability strategy sets out what we will       •	Upscale the UK Government’s investment in
                                                          •	Reduce our net emissions significantly
             ommitted to using
            C                                                                                                     do, but certainty over the future direction of         sustainable aviation fuels and other aviation
                                                             though our carbon offsetting scheme,                                                                        decarbonisation technologies, which will help
            Sustainable Aviation                             purchasing new aircraft and continuing our
                                                                                                                  EU and UK environmental legislation is vital to
                                                                                                                                                                         seize the global opportunity and turbocharge

                                            ”
                                                                                                                  ensure our ability to plan for the long term.
            Fuel (SAF) by 2026.                              efficiency improvements.                                                                                    the new jobs, technologies and supply chains
                                                                                                                	Aviation is a hard sector to decarbonise and
                                                                                                                                                                         connected to this industry of the future, many
                                                                                                                  as such governments need to move quicker
                                                                                                                                                                         of which will be in disadvantaged communities.
                                                                                                                  to plug the policy gaps, ensure that legislation
                                                                                                                  doesn’t overlap creating unnecessary carbon         •	Work multilaterally with governments across
                                                                                                                  leakage, administrative burdens & costs and            Europe to implement Air Traffic Management
                                                                                                                  also guarantee cohesive policy interaction to          reforms, removing the current system
                                                                                                                  enable the sector to make serious progress             inefficiencies which could immediately realise a
                                                                                                                  towards net zero emissions.                            10% carbon emissions reduction from air traffic.
                                                                                                                                                                      	If the UK Government and the EU put in place

                                                                                                                   “
                                                                                                                                                                        the right policy frameworks and make the
                                                                                                                          Our JET2 NET ZERO                             changes we have called for Jet2 and the rest
                                                                                                                          sustainability strategy                       of the aviation sector, will be able to continue
                                                                                                                                                                        on the route to net zero whilst ensuring mobility
                                                                                                                          sets out what we will do,
                                                                                                                                                                        is available to all, creating and safeguarding
                                                                                                                          but certainty over the                        jobs and building a more sustainable aviation
                                                                                                                          future direction of EU                        sector to the benefit of everyone.
                                                                                                                          and UK environmental
                                                                                                                          legislation is vital to
                                                                                                                          ensure our ability to

                                                                                                                                                              ”
                                                                                                                          plan for the long term.

18                                                                                                                                                                                                                      19
SUSTAINABILITY AT EVERY
 STAGE OF THE JOURNEY
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