Ryanair, Europe's no. 1 airline, today (17 Oct) announced that the Science Based Targets Initiative (SBTi) has formally validated its near-term emission reduction target[1]. Ryanair's near-term target conforms with the SBTi Aviation pathway and is classified in line with a 1.5o trajectory. This sees the Group committing to reduce its carbon intensity by 27% by 2031.]

Ryanair's Director of Sustainability and Finance, Thomas Fowler said:

“Ryanair's ambitious decarbonisation targets are underpinned by our increasing use of sustainable aviation fuel and new fuel-efficient aircraft entering the fleet. Last year, we reset our decarbonisation target following the order for 300 Boeing MAX-10 aircraft (21% more seats, 20% less CO2). We're delighted that SBTi have agreed that this target is in line with the levels required to meet the goals of the Paris Agreement.”

About the SBTi

The SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. SBTi develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.

[1] Ryanair Holdings plc commits to reduce Well-to-Wake scope 1 and 3 jet fuel GHG emissions 27% per RTK by 2031 from a 2023 base year. * **

* Non-CO₂ factors which may also contribute to aviation induced warming are not included in this target. Ryanair Holdings plc will publicly report its non-CO2 impacts.
** The target boundary includes land-related emissions and removals from bioenergy feedstock.”