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Cathay Pacific Airways Limited

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Cathay Pacific Airways Limited is an airline based in Hong Kong. The Company, hubbed at the Hong Kong International Airport, offers flights to a range of airports around the world and provides customers with booking options both on-site and online. Cathay Pacific has lounges for passengers in the Hong Kong airport and offers flight services such as in-flight movies and meals.

Ticker: 293 ISIN: HK0293001514
Address: Cathay Pacific City, 8 , Hong Kong , Lantau , , NA Website: Cathay Pacific Airways Limited
Phone #: 85227475210 CSR Web Area: SUBSCRIPTION INFO

Basic Corporate Social Responsibility (CSR) Ratings

  Overall Community Employees Environment Governance
Cathay Pacific Airways Limited 56 58 54 64 43
Passenger Airlines
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All company average 55 55 56 58 52
Hong Kong
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Percentile Rankings

Rankings are in percentile terms, compared to other companies in the same industry and country Overall Community Employees Environment Governance
Cathay Pacific Airways Limited 54% 63% 38% 70% 18%
Passenger Airlines
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Hong Kong
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Special Issues:

Ratings History

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More CSR Rating Details

  Community Employees
Community Dev & Philanthropy Product Human Rights & Supply Chain Compensation & Benefits Diversity & Labor Rights Training, Health & Safety
Cathay Pacific Airways Limited
SUBSCRIPTION INFO
Passenger Airlines
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All company average 53 54 55 58 55 55
Hong Kong
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Environment Governance
Energy & Climate Change Environmant Policy & Reporting Resource Management Board Leadership Ethics Transparency & Reporting
Cathay Pacific Airways Limited
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Passenger Airlines
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All company average 57 58 57 50 55 51
Hong Kong
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Percentile rankings

Rankings are in percentile terms, compared to other companies in the same industry and country Community Employees
Community Dev & Philantrophy Product Human Rights & Supply Chain Compensation & Benefits Diversity & Labor Rights Training, Health & Safety
Cathay Pacific Airways Limited 55% 86% 36% 35% 15% 71%
Passenger Airlines
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Hong Kong
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Environment Governance
Energy & Climate Change Environment Policy & Reporting Resource Management Board Leadership Ethics Transparency & Reporting
Cathay Pacific Airways Limited 85% 67% 55% 14% 22% 43%
Passenger Airlines
SUBSCRIPTION INFO
Hong Kong
SUBSCRIPTION INFO

0 Special Issues Affect This Company (see a list of issues here)

# of Sources
Passenger Airlines
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Overall database
Hong Kong
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CSRHub Has 33 Data Sources (18 Are Currently Active) for This Company

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Original Data Values

(unsubscribed users can see the list, subscribers can see the data details for most sources)

Data source name

Data source element name Minimum value Value provided by datasource Maximum value Data description
Brand Finance 2011-12
SUBSCRIPTION INFO
Brand Value / Enterprise Value (%) -48.164682123 0.1097 316.6056 NA
Brand Value 2012 772.2973 NA
BSI 50 61.2823 88.4717 NA
Domicile HONG KONG NA
Enterprise Value NA 3381.2033 NA NA
Reviewed ? YES NA
Sector Consumer, Cyclical NA
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Brand Value 2013 11.095 2313.4863 67875.2014 NA
BSI 50 76.4401 89.6275 NA
Domicile HONG KONG NA
Sector Consumer, Cyclical NA
Brand Rating 2013 BBB AA+ AAA+ NA
Enterprise Value 2013 0 9181.2227 435750.9811
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Brand Value 2014 10 2313.4863 87304 A brand strength is assessed by using our Brand Strength Index framework. This benchmarks the strength, risk and future potential of a brand relative to its competitors by assessing input measures, brand equity measures, and output performance across four
BSI 51.3 81 94.2 NA
Domicile HONG KONG NA
Sector Consumer, Cyclical NA
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0. Further Information NA n/a NA NA
0.1. Introduction - Please give a general description and introduction to your organization. NA Cathay Pacific is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services around the world. As HK's major airline, we provide vital links for trade, investment in business and leisure travel. Through our NA NA
5.1e Identified climate change risks driven by changes in other climate-related developments? NA Yes NA NA
5.1f. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; (iii) the costs associated with these actions NA CR01 i) It is difficult to quantify the financial implications of this risk. However a lack of awareness would increase the likelihood of this perception. CR01 ii) The air transport sector presently accounts for 2% of global manmade emissions. Aviation NA NA
5.1g. Please explain why you do not consider your company to be exposed to risks driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
5.1h. Please explain why you do not consider your company to be exposed to risks driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
5.1i. Please explain why you do not consider your company to be exposed to risks driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
6. Attachments NA NA NA NA
6. Further Information NA NA NA NA
6.1. Have you identified any climate change opportunities (current or future) that have the potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply NA Opportunities driven by changes in regulation; Opportunities driven by changes in physical climate parameters; Opportunities driven by changes in other climate-related developments NA NA
6.1a Identified climate change opportunities that are driven by changes in regulation? NA Yes NA NA
6.1b. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs associated with these actions NA RO01 i) If we do not implement the fleet renewal programme and do not take up any other technological innovations, and continue to rely on fossil fuels, we would continue to be exposed to the high standing prices of jet fuel, which currently takes up 41% NA NA
6.1c Identified climate change opportunities that are driven by changes in physical climate parameters? NA Yes NA NA
14. Attachments NA NA NA NA
6.1d. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs associated with these actions NA PP01 i) We believe satisfied customers will return to our airline, which means repeat/ increased business for us, reflected in the membership of our Frequent Flyers members scheme. PP01 ii) Our emergency response system supports and manages service di NA NA
6.1e Identified opportunities that are driven by changes in other climate-related developments? NA Yes NA NA
6.1f. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs associated with these actions NA CD01 i) Fuel constitutes 41.5% of our operating costs in 2011, hence opportunities to reduce fuel wastage and improve efficiency through improved operational infrastructure such as air traffic management would have beneficial financial implications. CD NA NA
13. Attachments NA NA NA NA
11. Attachments NA NA NA NA
11. Further Information NA NA NA NA
11.1. Do you consider that the grid average factors used to report Scope 2 emissions in Question 8.3 reflect the contractual arrangements you have with electricity suppliers? NA Yes NA NA
11.1a. You may report a total contractual Scope 2 figure in response to this question. Please provide your total global contractual Scope 2 GHG emissions figure in metric tonnes CO2e 0 NA 17902000 NA
11.2. Has your organization retired any certificates, e.g. Renewable Energy Certificates, associated with zero or low carbon electricity within the reporting year or has this been done on your behalf? NA Yes NA NA
3.1e. Please explain (i) why not; and (ii) forecast how your emissions will change over the next five years NA NA NA NA
3.2. Does the use of your goods and/or services directly enable GHG emissions to be avoided by a third party? No Yes Yes NA
3.2a. Please provide details (see guidance) NA a) Cathay Pacific introduced the FLY greener offset programme in 2007, the first of its kind by an Asian airline. We offer our offset programmes to allow participants (including passengers and corporate clients) to contribute to projects that reduce carb NA NA
3.3c Number of methods used to drive investment in emissions reduction activities. 0 2 12 NA
3.3c. What methods do you use to drive investment in emissions reduction activities? NA Financial optimization calculations, Lower return on investment (ROI) specification NA NA
5. Attachments NA NA NA NA
5. Further Information NA NA NA NA
5.1. Have you identified any climate change risks (current or future) that have potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply NA Risks driven by changes in regulation; Risks driven by changes in physical climate parameters; Risks driven by changes in other climate-related developments NA NA
5.1a Identified risks driven by changes in regulation? NA Yes NA NA
5.1b. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the costs associated with these actions NA RR01 i) IATA estimates the EU ETS for aviation will cost the industry 3.5 billion euros a year. The potential costs associated with non-compliance include penalties for failure to submit Benchmarking and Emissions plans, failure to monitor in accordance w NA NA
14. Further Information NA NA NA NA
1.1. Where is the highest level of direct responsibility for climate change within your company? No individual or committee with overall responsibility for climate change Individual/Sub-set of the Board or other committee appointed by the Board Individual/Sub-set of the Board or other committee appointed by the Board NA
1.1a. Please identify the position of the individual or name of the committee with this responsibility NA The highest levels of responsibility are with the following individuals and committees: - Chairman Christopher Pratt leads the company's governance on sustainable development, with Chief Executive John Slosar being accountable for the Sustainable Develo NA NA
1.2. Do you provide incentives for the management of climate change issues, including the attainment of targets? No Yes Yes NA
13. Further Information NA NA NA NA
13.1. How do your absolute emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year? Increased Increased Decreased NA
13.1a (i) If absolute emissions (Scope 1 and 2 combined) have increased, decreased or remained the same overall compared to the previous year, state direction of change NA Moderately Increased NA NA
13.1a (ii) If absolute emissions (Scope 1 and 2 combined) have increased, decreased or remained the same overall compared to the previous year, state the reason for the direction of change NA Decrease: Emissions reduction activities NA NA
13.1a (iii) If emissions have increased, decreased or remained the same overall, provide the emissions value (%) NA Decrease: 5, Increase: , Emission value for which direction is not stated: NA NA
2012 Score 0 88 100 NA
2012 Performance Band E C A NA
2.3a. Please explain (i) the engagement process and (ii) actions you are advocating NA i) Engaging with regulators and groups involved in shaping climate change and aviation policy is part of our climate change strategy. We work with and are members of organisations that increase awareness on climate change issues, and develop appropriate s NA NA
8.8. Are carbon dioxide emissions from the combustion of biologically sequestered carbon (i.e. carbon dioxide emissions from burning biomass/biofuels) relevant to your company? No No Yes NA
8.8a. Please provide the emissions in metric tonnes CO2e 0.01 NA 27263000 NA
Management 4. Attachments NA https://www.cdproject.net/Sites/2012/26/2926/Investor CDP 2012/Shared Documents/Attachments/InvestorCDP2012/4.Communication/02_Climate_Change.pdf NA NA
Management 4. Have you published information about your company’s response to climate change and GHG emissions performance for this reporting year in other places than in your CDP response? NA 1 NA NA
5.1d. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the costs associated with these actions NA PR01 i) Flight delays and diversions due to typhoons, unpredictable weather and flooding would have significant financial implications. PR01 ii) Increased physical changes will test our emergency and service disruption responses as well as affect our c NA NA
2. Attachments NA NA NA NA
2. Further Information NA n/a NA NA
5.1c Identified climate change risks driven by change in physical climate parameters? NA Yes NA NA
2.1. Please select the option that best describes your risk management procedures with regard to climate change risks and opportunities NA Integrated into multi-disciplinary company wide risk management processes NA NA
2.1a. Please provide further details (see guidance) NA a) Scope of process: The assessment process follows the ERM framework, with the steps of identifying risks, analysing risks, evaluating risks and treating risks, with constant monitoring and reviewing of the resultant risk matrix based on self assessment. NA NA
2.2. Is climate change integrated into your business strategy? No Yes Yes NA
2.2a. Please describe the process and outcomes (see guidance) NA i) We defined what sustainability means to our company and developed a Sustainable Development Policy to guide future activities of the business, including a more integrated response to climate change. We then assessed the key sustainable development pri NA NA
2.2b. Please explain why not NA NA NA NA
2.3. Do you engage with policy makers to encourage further action on mitigation and/or adaptation? No Yes Yes NA
3. Attachments NA NA NA NA
3. Further Information NA NA NA NA
3.1. Did you have an emissions reduction target that was active (ongoing or reached completion) in the reporting year? No Absolute and intensity targets Absolute and intensity targets NA
14.1. Do you participate in any emission trading schemes? No, and we do not currently anticipate doing so in the next two years No, but we anticipate doing so in the next two years Yes NA
14.2. Has your company originated any project-based carbon credits or purchased any within the reporting period? No No Yes NA
6.1g. Please explain why you do not consider your company to be exposed to opportunities driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
6.1h. Please explain why you do not consider your company to be exposed to opportunities driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
6.1i. Please explain why you do not consider your company to be exposed to opportunities driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA NA
7. Attachments NA NA NA NA
7. Further Information NA NA NA NA
7.1. Please provide your base year and base year emissions (Scopes 1 and 2) NA NA NA NA
0.4. Currency selection Please select the currency in which you would like to submit your response. All financial information contained in the response should be in this currency. NA HKD NA NA
1. Attachments NA NA NA NA
1. Further Information NA NA NA NA
8.7. Please indicate the verification/assurance status that applies to your Scope 2 emissions More than 0% but less than or equal to 20% NA More than 90% but less than or equal to 100% NA
11.1b. Explain the basis of the alternative figure (see guidance) NA NA
14.1b. What is your strategy for complying with the schemes in which you participate or anticipate participating? In preparation for the EU ETS, which will start in 2012, we set up an EU ETS Compliance Working Group in 2009, comprising representatives from the relevant operational, strategic/policy and commercial teams, to ensure that Cathay Pacific is prepared and a NA
8.1. Please select the boundary you are using for your Scope 1 and 2 greenhouse gas inventory NA NA NA NA
8.2a. Please provide your gross global Scope 1 emissions figure in metric tonnes CO2e 92 NA 231902967 NA
8.3a. Please provide your gross global Scope 2 emissions figure in metric tonnes CO2e 293 NA 8071070 NA
8.4. Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions which are not included in your disclosure? NA No NA NA
8.6. Please indicate the verification/assurance status that applies to your Scope 1 emissions More than 0% but less than or equal to 20% NA More than 90% but less than or equal to 100% NA
SUBSCRIPTION INFO
8.7. Please indicate the verification/assurance status that applies to your Scope 2 emissions Third party verification or assurance underway but not yet complete - last years statement available Proportion of Scope 2 emissions that are verified/assured for 2011-2012/01 Jan 2012 - 31 Dec 2012 reporting period
8.7a. Please indicate the proportion of your Scope 2 emissions that are verified/assured More than 0% but less than or equal to 20% More than 90% but less than or equal to 100% More than 90% but less than or equal to 100%
8.7b Reporting Period From/To/Please provide further details of the verification/assurance undertaken, and attach the relevant statements/Type of verification or assurance/Relevant standard/Attach the document No Response
8.8. Are carbon dioxide emissions from biologically sequestered carbon relevant to your organization? No
8.8a. Please provide the emissions in metric tonnes CO2 NA
8.8a. Please provide the emissions in metric tonnes CO2e 0.05 NA 13638000
9.1. Do you have Scope 1 emissions sources in more than one country? Yes
9.1a Reporting Period From/To/Please complete the table below: Country/Region/Scope 1 metric tonnes CO2e 1 Jan 2012/31 Dec 2012/Hong Kong/30758
9.2. Please indicate which other Scope 1 emissions breakdowns you are able to provide (tick all that apply) NA By business division NA
9.2a Reporting Period From/To/Please break down your total gross global Scope 1 emissions by business division: Business division/Scope 1 emissions (metric tonnes CO2e) 1 Jan 2012/31 Dec 2012/Cathay Pacific Airways and Hong Kong Dragon Airlines/15738269
9.2b Reporting Period From/To/Please break down your total gross global Scope 1 emissions by facility: Facility/Scope 1 emissions (metric tonnes CO2e) No Response
9.2c Reporting Period From/To/Please break down your total gross global Scope 1 emissions by GHG type: GHG type/Scope 1 emissions (metric tonnes CO2e) No Response
9.2d Reporting Period From/To/Please break down your total gross global Scope 1 emissions by activity: Activity/Scope 1 emissions (metric tonnes CO2e) No Response
9.2e Reporting Period From/To/Please break down your total gross global Scope 1 emissions by legal structure: Legal structure/Scope 1 emissions (metric tonnes CO2e) No Response
0.3. Country list configuration United States of America
0.4. Currency selection Please select the currency in which you would like to submit your response. All financial information contained in the response should be in this currency. HKD
0.4. Please select the currency in which you would like to submit your response. HKD
0.5. Please select if you wish to complete a shorter information request. NA
0.6. Modules NA As part of the Investor CDP information request, electric utilities, companies with electric utility activities or assets, companies in the automobile or auto component manufacture sectors and companies in the oil and gas industry should complete suppleme
1. Attachments NA NA NA
1. Further Information NA NA NA
1.1. Where is the highest level of direct responsibility for climate change within your company? No individual or committee with overall responsibility for climate change Individual/Sub-set of the Board or other committee appointed by the Board Individual/Sub-set of the Board or other committee appointed by the Board
1.1a. Please identify the position of the individual or name of the committee with this responsibility NA The highest levels of responsibility are with the following individuals and committees: - Chairman Christopher Pratt leads the company's governance on sustainable development, with Chief Executive John Slosar being accountable for the Sustainable Develop NA
1.2. Do you provide incentives for the management of climate change issues, including the attainment of targets? No Yes Yes
1.2a. Who is entitled to benefit from these incentives? Environment/Sustainability managers/Recognition (non-monetary)/Progress on climate change strategy and related targets of the company such as fuel efficiency, carbon emissions, engagement of business units and reporting on climate change issues form part
10.1. Do you have Scope 2 emissions sources in more than one country? No
10.1a Reporting Period: From/To/Please complete the table below: Country/Region/Scope 2 metric tonnes CO2e/Purchased and consumed electricity, heat, steam or cooling (MWh)/Purchased and consumed low carbon electricity, heat, steam or cooling (MWh) No Response
10.2. Please indicate which other Scope 2 emissions breakdowns you are able to provide (tick all that apply) NA By business division NA
10.2a Reporting Period From/To/Please break down your total gross global Scope 2 emissions by business division: Business division/Scope 2 emissions (metric tonnes CO2e) 1 Jan 2012/31 Dec 2012/Cathay Pacific Airways and Hong Kong Dragon Airlines Limited/24209
10.2b Reporting Period From/To/Please break down your total gross global Scope 2 emissions by facility: Facility/Scope 2 emissions (metric tonnes CO2e) No Response
10.2c Reporting Period: From/To/Please break down your total gross global Scope 2 emissions by activity: Activity/Scope 2 emissions (metric tonnes CO2e) No Response
10.2d Reporting Period: From/To/Please break down your total gross global Scope 2 emissions by legal structure: Legal structure/Scope 2 emissions (metric tonnes CO2e) No Response
11. Attachments NA NA NA
11. Further Information NA NA NA
11.1. What percentage of your total operational spend in the reporting year was on energy? More than 0% but less than or equal to 5% More than 40% but less than or equal to 45% More than 95% but less than or equal to 100%
11.2. Please state how much fuel, electricity, heat, steam, and cooling in MWh your organization has purchased and consumed during the reporting year: Energy type/MWh Fuel/66323538;Electricity/96231;Heat/;Steam/;Cooling/
11.3. Please complete the table by breaking down the total "Fuel" figure entered above by fuel type: Fuels/MWh Jet kerosene/66182126
11.4. Please provide details of the electricity, heat, steam or cooling amounts that were accounted at a low carbon emission factor: Basis for applying a low carbon emission factor/MWh associated with low carbon electricity, heat, steam or cooling Other/0
12. Attachments NA
12. Further Information NA
12.1. How do your absolute emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year? Decreased
12.1a Reason of change Emissions reduction activities, Divestment, Acquisitions, Mergers, Change in output, Change in methodology, Change in boundary, Change in physical operating conditions, Unidentified, Other
12.1a. Reason: Emissions value (percentage) Other: 1.19
12.2. Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per revenue: Intensity figure/Metric numerator/% change from previous year/Direction of change from previous year/Reason for change 0.000162/metric tonnes CO2e/1.4/Decrease/This is due to an increase in turnover by 1%.
12.3. Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per FTE: Intensity figure/Metric numerator/% change from previous year/Direction of change from previous year/Reason for change 556.8/metric tonnes CO2e/2.8/Decrease/This is due to increase in total FTE.
12.4. Please provide an additional intensity (normalized) metric that is appropriate to your business operations: Intensity figure/Metric numerator/% change from previous year/Direction of change from previous year/Reason for change 836//1.9/Increase/This is due to a decrease in our load factor in 2012 where our planes were less filled up.
13.1. Do you participate in any emissions trading schemes? Yes
13.1b. What is your strategy for complying with the schemes in which you participate or anticipate participating? In preparation for the EU ETS for aviation (which the EU actually announced in November 2012 that it would "stop the clock" on it for a year), we set up an EU ETS Compliance Working Group in 2009, comprising representatives from the relevant operational,
13.2. Has your company originated any project-based carbon credits or purchased any within the reporting period? No
14. Attachments NA NA NA
14. Further Information NA NA NA
14.1. Do you participate in any emission trading schemes? No, and we do not currently anticipate doing so in the next two years Yes Yes
14.1b. What is your strategy for complying with the schemes in which you participate or anticipate participating? In preparation for the EU ETS for aviation (which the EU actually announced in November 2012 that it would "stop the clock" on it for a year), we set up an EU ETS Compliance Working Group in 2009, comprising representatives from the relevant operational,
14.2. Has your company originated any project-based carbon credits or purchased any within the reporting period? No No Yes
14.2. Please indicate the verification/assurance status that applies to your Scope 3 emissions Third party verification or assurance complete
14.2a. Please indicate the proportion of your Scope 3 emissions that are verified/assured NA
14.3. Are you able to compare your Scope 3 emissions for the reporting year with those for the previous year for any sources? Yes
14.4. Do you engage with any of the elements of your value chain on GHG emissions and climate change strategies? (Tick all that apply) Yes, our suppliers; Yes, our customers; Yes, other partners in the value chain
14.4a. Please give details of methods of engagement, your strategy for prioritizing engagements and measures of success i) Methods used to engage with value chain: Other partners in the value chain: Between 2007 and 2012, we had a stakeholder engagement plan to ensure that through focus groups and interviews, we systematically engaged with a range of interest groups on a
14.4d. Please explain why not and any plans you have to develop an engagement strategy in the future NA
2. Attachments NA NA NA
2. Further Information NA We are a member of the Climate Change Business Forum (CCBF), which is a consortium of Hong Kong business leaders who collaborate on tackling climate change issues. The Forum serves as the Southeast Asia anchor on climate change issues for the World Busine NA
2.1. Please select the option that best describes your risk management procedures with regard to climate change risks and opportunities NA Integrated into multi-disciplinary company wide risk management processes NA
2.1a. Please provide further details i) Scope of process: The assessment process follows the ERM framework, with the steps of identifying risks, analysing risks, evaluating risks and treating risks, with constant monitoring and reviewing of the resultant risk matrix based on self assessment.
2.1a. Please provide further details (see guidance) NA i) Scope of process: The assessment process follows the ERM framework, with the steps of identifying risks, analysing risks, evaluating risks and treating risks, with constant monitoring and reviewing of the resultant risk matrix based on self assessment. NA
2.2. Is climate change integrated into your business strategy? No Yes Yes
2.2a. Please describe the process and outcomes i) We defined what sustainability means to our company and developed a Sustainable Development Policy to guide future activities of the business, including a more integrated response to climate change. We then assessed the key sustainable development prio
2.2a. Please describe the process and outcomes (see guidance) NA i) We defined what sustainability means to our company and developed a Sustainable Development Policy to guide future activities of the business, including a more integrated response to climate change. We then assessed the key sustainable development prio NA
2.2b. Please explain why not NA NA NA
2.3. Do you engage in activities that could either directly or indirectly influence policy on climate change through any of the following? (tick all that apply) Yes
2.3. Do you engage with policy makers to encourage further action on mitigation and/or adaptation? No No Yes
2.3a. On what issues have you been engaging directly?: Focus of legislation/Corporate Position/Details of engagement/Proposed solution Cap and trade/Oppose/While Cathay Pacific supports emissions trading as one of the interim solutions to reduce aviation’s emissions, we do not support the imposition of the European Union’s Emissions Trading Scheme (EU ETS) to carriers based outside of Eu
2.3a. Please explain (i) the engagement process and (ii) actions you are advocating NA While Cathay Pacific supports emissions trading as one of the interim solutions to reduce aviation’s emissions, we do not support the imposition of the European Union’s Emissions Trading Scheme (EU ETS) to carriers based outside of Europe for several reas NA
2.3b. Are you on the Board of any trade associations or provide funding beyond membership? No
2.3c. Please enter the details of those trade associations that are likely to take a position on climate change legislation/Trade association NA
2.3d. Do you publically disclose a list of all the research organizations that you fund? NA
2.3e. Do you fund any research organizations to produce public work on climate change? NA
2.3f. Please describe the work and how it aligns with your own strategy on climate change NA
2.3g. Please provide details of the other engagement activities that you undertake NA
2.3h. What processes do you have in place to ensure that all of your direct and indirect activities that influence policy are consistent with your overall climate change strategy? Engaging with regulators and groups involved in shaping climate change and aviation policy is part of our climate change strategy. We work with and are members of organisations that increase awareness on climate change issues, and develop appropriate solu
2.3i. Please explain why you do not engage with policy makers NA
3. Attachments NA NA NA
3. Further Information NA NA NA
3.1. Did you have an emissions reduction target that was active (ongoing or reached completion) in the reporting year? No Absolute and intensity targets Absolute and intensity targets
3.1a. Absolute target/ID/Scope/% of emissions in scope/% reduction from base year/Base year/Base year emissions (metric tonnes CO2e)/Target year/Comment IATA2/Scope 1/////2020/This is an industry cap on aviation CO2 emissions set by the International Air Transport Association (IATA) set in 2009, i.e. carbon neutral growth, but the base year is under discussion, and hence baseline emission figures for each
3.1b. Intensity target/ID/Scope/% of emissions in scope/% reduction from base year/Metric/Base year/Normalized base year emissions/Target year/Comment IATA1/Scope 1/99/1.5/Other: grammes per available tonne kilometre/2009/12630643/2020/This is an IATA industry target for annual fuel efficiency improvement.
3.1c. What change in absolute emissions this intensity target reflects/ID/Direction of change anticipated in absolute Scope 1+2 emissions at target completion?/% change anticipated in absolute Scope 1+2 emissions IATA1/Increase////Despite increased fuel efficiency of our aircraft, our absolute emissions continue to grow due to the growth of our operations. To mitigate this issue, Cathay Pacific has adopted the industry's four- pillar strategy to achieve the indust
3.1d. Please provide details on your progress against this target made in the reporting year/ID/% complete (time)/% complete (emissions)/Comment IATA1/33//None to report yet as the IATA baseline year and airline emissions baseline are under discussion.
3.1e. Please explain (i) why not; and (ii) forecast how your emissions will change over the next five years NA NA NA
3.2. Does the use of your goods and/or services directly enable GHG emissions to be avoided by a third party? No Yes Yes
3.2a. Please provide details (see guidance) NA i) Cathay Pacific introduced the FLY greener offset programme in 2007, the first of its kind by an Asian airline. We offer our offset programmes to allow participants (including passengers and corporate clients) to contribute to projects that reduce carbo NA
3.3. Did you have emissions reduction initiatives that were active within the reporting year (this can include those in the planning and/or implementation phases) No Yes Yes
3.3a. Please identify the total number of projects at each stage of development, and for those in theimplementation stages, the estimated CO2e savings/Stage of development/3.3a. Number of projects/Total estimated annual CO2e savings in metric tonnes CO2e Under investigation//
3.3c Number of methods used to drive investment in emissions reduction activities. 0 3 13 Number of methods used to drive investment in emissions reduction activities.
3.3c. What methods do you use to drive investment in emissions reduction activities? NA Lower return on investment (ROI) specification, Financial optimization calculations, NA
3.3c. What methods do you use to drive investment in emissions reduction activities?/Comment Lower return on investment (ROI) specification/This relates to building services.
4. Attachments NA
4. Have you published information about your company’s response to climate change and GHG emissions performance for this reporting year in other places than in your CDP response? - Further Information The online version of the CX Group Sustainable Development Report 2011can be found in the following website www.cathaypacific.com/sdreport The CX Group Sustainable Development Report 2012 will be published in July 2013.
4.1. Have you published information about your company’s response to climate change and GHG emissions performance for this reporting year in other places than in your CDP response? 1 The number of corporate annual reports and voluntary publications (complete and/or underway) made about the company’s response to climate change and GHG emissions performance
5. Attachments NA NA NA
5. Further Information NA NA NA
5.1. Have you identified any climate change risks (current or future) that have potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply NA Risks driven by changes in regulation; Risks driven by changes in physical climate parameters; Risks driven by changes in other climate-related developments NA
5.1a. Climate change risks driven by changes in regulation Yes
5.1a. Please describe your risks driven by changes in regulation /ID/Risk driver/ Description/Potential impact/Timeframe/Direct/Indirect/Likelihood/Magnitude of impact RR01/Cap and trade schemes/The European Union (EU) has been using the Emissions Trading Scheme (ETS) to control carbon dioxide (CO2) since 2005. The EU ETS is managed in different phases, and the emissions caps are set throughout these phases. The initial
5.1b. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk and (iii) the costs associated with these actions RR01 i) IATA estimates the EU ETS for aviation will cost the industry 3.5 billion euros a year. The potential costs associated with non-compliance include penalties for failure to submit Benchmarking and Emissions plans, failure to monitor in accordance w
5.1c. Climate change risks driven by change in physical climate parameters Yes
5.1c. Please describe your risks that are driven by change in physical climate parameters/ID/Risk driver/Description/Potential impact/Timeframe/Direct/Indirect/Likelihood/Magnitude of impact PR01/Other physical climate drivers/Increased typhoons, unpredictable weather and flooding of airport infrastructure would affect our operations severely - these could lead to severe flight disruptions such as cancelled flights and delays. This would in t
5.1d. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the costs associated with these actions NA PR01 i) Flight delays and diversions due to typhoons, unpredictable weather and flooding would have significant financial implications for our business. PR01 ii) Increased physical changes will test our emergency and service disruption responses as well NA
5.1e. Please describe your risks that are driven by changes in other climate-related developments/ID/Risk driver/Description/Potential impact/Timeframe/Direct/Indirect/Likelihood/Magnitude of impact PR2/Sea level rise/Disruption and damage to building network in affected areas/Inability to do business/>10 years/Direct/More likely than not/Low-medium
5.1e.Climate change risks driven by changes in other climate-related developments Yes
5.1f. Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; (iii) the costs associated with these actions NA CR01 i) It is difficult to quantify the financial implications of this risk. However a lack of awareness would increase the likelihood of this perception. CR01 ii) The air transport sector presently accounts for 2% of global manmade emissions. Aviation C NA
5.1g. Please explain why you do not consider your company to be exposed to risks driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
5.1h. Please explain why you do not consider your company to be exposed to risks driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
5.1i. Please explain why you do not consider your company to be exposed to risks driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
6. Attachments NA NA NA
6. Further Information NA NA NA
6.1. Have you identified any climate change opportunities (current or future) that have the potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply NA Opportunities driven by changes in regulation; Opportunities driven by changes in physical climate parameters; Opportunities driven by changes in other climate-related developments NA
6.1. Have you identified any climate change opportunities (current or future) that have the potential to generate a substantive change in your business operations, revenue or expenditure? -Transparency Yes
6.1a Identified climate change opportunities that are driven by changes in regulation? NA Yes NA
6.1a. Please describe your opportunities that are driven by changes in regulation/ID/Opportunity driver/Description/Potential impact/Timeframe/Direct/Indirect/Likelihood/Magnitude of impact RO01/Cap and trade schemes/We are cautious about regulation's role in combating climate change. We believe that a well-thought out and appropriate regulation for aviation, such as one that is within a global, sectoral framework, would be an opportunity f
6.1b. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity and (iii) the costs associated with these actions RO01 i) If we do not implement the fleet renewal programme and do not take up any other technological innovations, and continue to rely on fossil fuels, we would continue to be exposed to the high standing prices of jet fuel, which currently takes up 41%
6.1c. Please describe the opportunities that are driven by changes in physical climate parameters Yes
6.1d. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity and (iii) the costs associated with these actions PP01 i) Disruptions due to physical climate parameters are our opportunities to get it right when things go wrong, and to make a difference for our customers. We believe satisfied customers will return to our airline, which means repeat/ increased busines
6.1e. Please describe the opportunities that are driven by changes in other climate-related developments Yes
6.1f. Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs associated with these actions NA CD01 i) Fuel constituted 41.1% of our operating costs in 2012, hence opportunities to reduce fuel wastage and improve efficiency through improved operational infrastructure such as air traffic management would have beneficial financial implications. CD01 NA
6.1g. Please explain why you do not consider your company to be exposed to opportunities driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
6.1h. Please explain why you do not consider your company to be exposed to opportunities driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
6.1i. Please explain why you do not consider your company to be exposed to opportunities driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure NA NA NA
7. Attachments NA NA NA
7. Further Information NA NA NA
7.1. Please provide your base year and base year emissions (Scopes 1 and 2)/7.1. Base year From Date:/To Date:/ Scope 1 Base year emissions (metric tonnes CO2e)/N39Scope 2 Base year emissions (metric tonnes CO2e) 2009-01-01/2009-12-31/13882506/50267
7.2. Please give the name of the standard, protocol or methodology you have used to collect activity data and calculate Scope 1 and Scope 2 emissions NA The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) NA
7.3. Please give the source for the global warming potentials you have used Gas/Reference CO2/IPCC Fourth Assessment Report (AR4 - 100 year)
7.4. Please give the emissions factors you have applied and their origin; alternatively, please attach an Excel spreadsheet with this data Fuel/Material/Energy/Emission Factor/Unit/Reference Jet kerosene/3.15/metric tonnes CO2e per metric tonne/Guidelines to Account for and Report on GHG Emissions and Removals for Buildings (commercial, residential or institutional purposes) in Hong Kong
8.1. Please select the boundary you are using for your Scope 1 and 2 greenhouse gas inventory NA Financial control NA Boundary used for Scope 1 and 2 greenhouse gas inventory during 2011-2012/01 Jan 2012 - 31 Dec 2012 reporting period
8.2. Please provide your gross global Scope 1 emissions figure in metric tonnes CO2e NA Gross global Scope 1 emissions figure in metric tonnes CO2e for 2011 - 2012/01 Jan 2012 - 31 Dec 2012 reporting period
8.2. Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e 16013724
8.3. Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e NA
8.4. Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions which are not included in your disclosure? NA No NA Proportion of Scope 1 emissions that are verified/assured for 2011 - 2012/01 Jan 2012 - 31 Dec 2012 reporting period
8.4a Reporting Period From/To/Source/Scope/Explain why the source is excluded No Response
8.5 Reporting Period From/To/Please estimate the uncertainty of the total gross global Scope 1 and 2 emissions figures that you have supplied and specify the sources of uncertainty in your data gathering, handling and calculations/Scope 1 emissions No Response
8.6. Please indicate the verification/assurance status that applies to your Scope 1 emissions Third party verification or assurance underway but not yet complete - last years statement available Proportion of Scope 1 emissions that are verified/assured for 2011 - 2012/01 Jan 2012 - 31 Dec 2012 reporting period
8.6a. Please indicate the proportion of your Scope 1 emissions that are verified/assured More than 0% but less than or equal to 20% More than 90% but less than or equal to 100% More than 90% but less than or equal to 100%
8.6b Reporting Period From/To/Please provide further details of the verification/assurance undertaken, and attach the relevant statements: Type of verification or assurance/Attach the document 1 Jan 2012/31 Dec 2012/Limited assurance/ISAE3000/https://www.cdproject.net/sites/2013/26/2926/Investor CDP 2013/Shared Documents/Attachments/Investor-8.6b-C3-RelevantStatement/Opinion signed 25 June 2012 Final.pdf
2013 Performance Band E B A NA
2013 Score 0 84 100 NA
0. Attachments NA NA NA If you have not been presented with a sector module that you consider would be appropriate for your company to answer, please select the module below. If you wish to view the questions first, please see https://www.cdproject.net/en-US/Programmes/Pages/Mor
0. Further Information NA We are in the airline business and this is not applicable to us. NA If you are in these sectors (according to the Global Industry Classification Standard (GICS)), the corresponding sector modules will be marked as default options to your information request. If you want to query your classification, please email respond@c
0.1. Introduction - Please give a general description and introduction to your organization. NA Cathay Pacific is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services around the world. As HK's major airline, we provide vital links for trade, investment in business and leisure travel. Through our NA
0.1. Please give a general description and introduction to your organization. Cathay Pacific is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services around the world. As HK's major airline, we provide vital links for trade, investment in business and leisure travel. Through our
0.2. Please state the start and end date of the year for which you are reporting data. 2012-01-01
SUBSCRIPTION INFO
ceo:numberOfRatings 1 22 4026 The number of ratings of the CEO
ceo:pctApprove 0 91 100 Percent of ratings of the CEO that were approving
ceo:title NA The title of the company's CEO
employer:numberOfRatings 1 44 6549 The number of Glassdoor users who have rated this company as a place to work.
Glassdoor Employer Ratings 1 3.6 5 The Top Companies for Work-Life Balance list is based on employee feedback shared in company reviews on Glassdoor.
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Guidelines NA GRI - G3.1 NA This field indicates which version of the GRI Guidelines is used for the reporting. As of publication year 2009, GRI only includes reporting that makes use of the G3 Guidelines, which were released in October 2006.
Integrated No No Yes GRI currently has two classifications for defining organization size: 'SME' and 'Large'. SME stands for Small- and Medium-sized Enterprises. GRI follows the definition for SMEs as set by the European Union: SMEs have 250 employees or less and have a yearl
Publication Year 2013 GRI currently has two classifications for defining organization size: 'SME' and 'Large'. SME stands for Small- and Medium-sized Enterprises. GRI follows the definition for SMEs as set by the European Union: SMEs have 250 employees or less and have a yearl
Region NA Asia NA Region the organization operates in.
Report Html Address NA http://www.cathaypacific.com/sdreport NA URL of the report location.
Report Pdf Address NA http://downloads.cathaypacific.com/cx/aboutus/sd/2012/pdf/CX_SDR12_Full_eng.pdf NA Location of a PDF version of the report.
Report Title NA CX Group Sustainable Development Report 2012 NA Title of the report.
Sector NA Aviation NA Industry sector.
Sector Supplements (Final) NA Not Applicable NA This field indicates if the reporting organization has made use of one of the final Sector Supplements and which one. If ‘not used’ is indicated, it means that one of the final Sector Supplements is applicable, but has not been used. If ‘not applicable’ i
Size NA Large NA GRI currently has two classifications for defining organization size: 'SME' and 'Large'. SME stands for Small- and Medium-sized Enterprises. GRI follows the definition for SMEs as set by the European Union: SMEs have 250 employees or less and have a yearl
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Corporate Governance 3 0.4 0 The scores for each ESG scope issue ranges from 0-3. The scoring refers to the number of times the company was criticized in relation to that scope issue: 0 = little or no exposure in the past 4 years; 1 = 5 direct relations in the past 4 years; 2 = 10 direct relations in the past 4 years; 3 = 20 direct relations in the past 4 years.
Current RRI 86 21 0 The RepRisk Index (RRI) is a quantitative risk measure that captures criticism and quantifies a company's exposure to controversial environmental, social and governance (ESG) issues. It does not measure a company's overall reputation, but rather is an indicator of their reputational risk.The Current RRI value indicates the current level of criticism about a company.
Employee Relations 3 0.2 0 The scores for each ESG scope issue ranges from 0-3. The scoring refers to the number of times the company was criticized in relation to that scope issue: 0 = little or no exposure in the past 4 years; 1 = 5 direct relations in the past 4 years; 2 = 10 direct relations in the past 4 years; 3 = 20 direct relations in the past 4 years.
Environmental FootPrint 3 0.2 0 The scores for each ESG scope issue ranges from 0-3. The scoring refers to the number of times the company was criticized in relation to that scope issue: 0 = little or no exposure in the past 4 years; 1 = 5 direct relations in the past 4 years; 2 = 10 direct relations in the past 4 years; 3 = 20 direct relations in the past 4 years.
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Rank 400 N/R 1 REPORTWATCH RATING
Report Rating D B- A REPORTWATCH RATING
SUBSCRIPTION INFO
Weighted score 1.2 3.4 5.9

Flags

(Other Indicators - things that don’t affect ratings but that help identify or classify companies)

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