Cebu Pacific Air (CEB) has recently released its 2023 sustainability report, titled “Sustained Momentum,” showcasing its continued progress in environmental, social, and governance (ESG) initiatives. The report highlights CEB’s commitment to sustainability in aviation, positioning the airline as a leader in sustainable practices in the Philippines.
“We remain committed to pursuing sustainability in aviation through initiatives that mitigate our environmental impact, enhance operational efficiency, and contribute to economic progress. Furthermore, we are dedicated to continuously integrating responsible business practices that support our growth ambitions in the future,” said Xander Lao, CEB President and Chief Commercial Officer.
CEB’s environmental thrust centers on decarbonization. Its core strategy is modernizing its fleet with the advanced and fuel-efficient New Engine Option (NEO) aircraft. With 43% of its fleet consisting of NEO aircraft, the airline reduced its carbon emissions by 161,000 tonnes. CEB aims to have an all-NEO fleet by 2028. The airline also saved 16 million kilograms of jet fuel by implementing flight optimization and comprehensive fuel efficiency best practices, which further reduced carbon emissions by almost 51,000 tonnes.
In addition to environmental efforts, CEB prioritizes social responsibility by investing in and empowering employees, as demonstrated by the signing of a collective bargaining agreement with the Juan Wing Association of the Philippines. The airline also promotes diversity, equity, and inclusion through its “IncluCEB Space” program, fostering acceptance and empowerment among its workforce.
On the governance front, CEB has been recognized for its strong corporate governance practices, receiving a 3-arrow golden recognition under the Golden Arrow Awards. The airline has also improved its ESG performance in both S&P Global ESG score and MSCI ESG ratings.
CEB’s sustainability initiatives have garnered recognition from local and international bodies in 2023. The airline received a gold rating in the Centre for Asia Pacific Aviation’s Global Airline Sustainability Benchmarking Report for its decarbonization efforts. Additionally, CEB was named the Most Sustainable Low-Cost Airline in the Philippines by World Economic Magazine.
Overall, Cebu Pacific’s sustainability report highlights its ongoing commitment to sustainability across all dimensions – environmental, social, and governance – solidifying its position as a leader in sustainable aviation in the Philippines.