Cathay released its 2024 Sustainability Report, reflecting steady progress in its sustainability journey and reaffirming its commitment to long-term sustainable development. As the Cathay Group moves into its next phase of growth, sustainability remains a key priority.
Chief Executive Officer Ronald Lam said: Having successfully completed our two-year rebuilding journey, we have now set our sights on growth and development, where sustainability remains an area where we aspire to lead and is at the forefront of our path forward.
Our environmental focus continues to be on climate change and a circular economy. As a pioneer and early adopter of sustainable aviation fuel (SAF), we continue to work towards fostering a local SAF ecosystem and expanding SAF usage globally, while acknowledging the challenges and opportunities ahead. We are also embracing the shift towards responsible use of resources by continuously reducing our reliance on single-use plastics (SUP) and exploring packaging alternatives. Beyond our environmental efforts, we remain committed to our deep roots in Hong Kong, enriching our communities through youth, sports, and arts initiatives while setting our sights on future growth by attracting, developing and retaining a strong pipeline of global talent.
Key highlights from the 2024 report include:
- Fostering a local SAF ecosystem with the Group’s record global SAF usage: Cathay launched a landmark tripartite SAF partnership with HSBC Hong Kong and EcoCeres, enabling SAF usage from Hong Kong International Airport while demonstrating the potential of fostering an SAF system in Hong Kong. It also co-initiated the Hong Kong Sustainable Aviation Fuel Coalition (HKSAFC), a multi-stakeholder group, to drive SAF policy development and adoption in Hong Kong. Globally, Cathay’s Corporate SAF Programme recorded a 22-fold increase in SAF usage compared to its launch in 2022.
- Advancing a circular economy: Cathay Pacific reduced its passenger-facing SUP items to an average of 2.6 pieces and set two new secondary SUP targets for 2025: increasing inflight recycling of water bottles to 33% and ensuring at least 50% of the remaining passenger-facing SUP items are made with recycled plastics. Working towards its goals, Cathay Pacific introduced a first-of-its-kind workflow for recycling plastic bottles and cans at Hong Kong International Airport.
- Nurturing the Hong Kong community: 2024 marked the 20th anniversary of Cathay’s flagship youth development programme, I Can Fly, with its return after a five-year hiatus, expanding the initiative to include an exchange tour in the wider Greater Bay Area.
The full 2024 Sustainability Report detailing Cathay’s sustainability performance and commitments is available here.
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