Overview of material impacts, risks and opportunities
The Lufthansa Group faces climate-related risks from both physical and transition effects of climate change. Extreme weather events can disrupt airport infrastructure and runways, leading to flight cancellations and diversions that result in additional costs and lost productivity. Climate change can also bring regulatory and market-based risks. Political and regulatory climate change mitigation measures in aviation may require the Company to adjust its operational processes, which could lead to increased costs. Direct emissions from ground and flight operations and indirect emissions along the value chain contribute significantly to the climate impact of aviation. The Lufthansa Group is committed to reducing CO2 emissions in order to achieve climate targets and strengthen brand value. For example, the fleet and ground vehicle modernisation of the Lufthansa Group, the use of sustainable aviation fuels (SAF), and the implementation of AeroSHARK technology can help improve resource efficiency and reduce CO2 emissions, as well as strengthening customer loyalty and investor confidence. A complete overview of the Lufthansa Group’s material impacts, risks and opportunities can be found under ↗ ESRS 2 General disclosures – Material impacts, risks and opportunities and their interaction with strategy and business model.