Qantas Airways Limited (ASX: QAN) conducted its investor day and discussed about targets of zero net carbon emission by 2050 and capping of net emission at 2020 level.
QAN’s action includes:
- Increasing carbon offsetting
- Reduction in fuel usage and investment in fuel-efficient aircraft, application of new technologies in flight planning and operations, optimising operational policies and procedures and reducing aircraft weight.
- Invest and support development of biofuels
- Hold itself responsible and influence others to follow the best practice disclosure and reporting as well as collaboration instead of competition just like safety culture.
At AEST 1:54 PM, QAN shares quoted $7.105, up 1.7% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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