Delta to invest $1 billion to become carbon neutral
February 17, 2020: Delta Air Lines is committed to mitigate all operational emission going forward by investing $1 billion through next 10 years. This could be a response to the Landmark Agreement reached in 2016, which states that starting from 2027 international flights will be required to offset emissions beyond 2020 levels.
The airline plans to achieve the sustainable goal by investing in driving innovation, advancing clean air travel technologies, accelerating the reduction of carbon emissions and waste, and establishing new projects to mitigate the balance of emissions.
“There is no substitute for the power that travel has to connect people, which our world needs today more than ever before. As we connect customers around the globe, it is our responsibility to deliver on our promise to bring people together and ensure the utmost care for our environment,” said Ed Bastian, Delta’s CEO. “The time is now to accelerate our investments and establish an ambitious commitment that the entire Delta team will deliver.”
This announcement comes as Delta pays $1.6 billion in profit sharing to employees this Valentine’s Day, and reflects its longstanding approach to placing a high value on supporting all stakeholders and communities worldwide.
“There’s no challenge we face that is in greater need of innovation than environmental sustainability, and we know there is no single solution. We are digging deep into the issues, examining every corner of our business, engaging experts, building coalitions, fostering partnerships and driving innovation,” Bastian said. “We are on a journey, and though we don’t have all the answers today, we know that our scale, along with investments of time, talent and resources will bring meaningful impact to the planet and ensure the sustainability of our business for decades to come.”