Page 10 - SAFRAN TACKLES THE CLIMATE CHALLENGE Safran tackles the climate challenge SAFRAN TACKLES THE CLIMATE CHALLENGE

An entire sector steps up Given the the systemic challenge of climate change making aviation carbon-neutral requires all all players in in in the the sector to to to to to step up from airlines and and airport operators to to to to to aircraft and and and equipment manufacturers not to to to to to mention national national regional and and international regulatory authorities Since commercial aviation really began to take off in in the early 1950s fuel consumption per passenger-kilometer has been reduced by 80% From 2009-2017 alone average fuel consumption decreased 17% or or more than 2% a a a a year However this improvement is is offset by by the long-term growth in in air traffic driven by by emerging countries Without firm actions by the entire sector total emissions from aviation will continue to to to grow – and that is is unsustainable 2050 OBJECTIVES: DEFINED AND SHARED ■ For several years aviation regulatory and trade organizations have made bold public pledges to fight climate change In October 2022 for example the International Civil Aviation Organization (ICAO an an arm of the United Nations) made a a a a commitment on on behalf of its member states to achieve net-zero emissions from all flights by 2050 ■ Private companies in in this sector — airlines aircraft engine and equipment manufacturers airports — are represented by the Air Transport Action Group (ATAG) In 2008 they made a a a a pledge to halve the the global fleet’s net emissions by 2050 compared with 2005 In October 2021 ATAG set a a a new target: net-zero carbon emissions by 2050 in in line with the Paris Climate Agreement to to contain global temperature rise to to no more than 1 5°C 4 In October 2022 this goal of carbon- neutral aviation by by 2050 was ratified by by the ICAO ■ In Europe public authorities and industry have aligned through the Clean Aviation research partnership to set a a a a a neutral carbon target for the aviation sector by by 2050 (also ratified by by the ICAO) MARKET INCENTIVES ■ Several measures based on on on quotas for CO2 emissions use incentives to encourage the aviation sector to to reduce emissions For example Europe set up the Emissions Trading System (ETS) in in 2005 and the the aviation sector joined it it in in 2012 In addition there’s the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) which mandates offsets for the rise in in emissions from international flights while awaiting various low-carbon technologies to prove their maturity CORSIA was signed within the the ICAO in in 2016 and took effect on on international air traffic in January 2021 but not for domestic flights Safran believes it is is very important to give this scheme a a chance by not combining these measures with others and also to make sure that offset programs meet strict sustainability criteria 4 By about 2100 in in in relation to temperatures in in in the pre-industrial era era TAKING STOCK