126 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT CLIMATE CRISIS MANAGEMENT (GRI 3-3, 302-1, 302-4, 305-1, 305-2, 305-3, 305-4, 305-5) The climate crisis has become an evident reality, resulting in yearly global impacts from intensifying natural disaster to the global warming now affecting daily life. These effects have made the climate crisis a material issue for businesses, including aviation which accounts for 2% of global carbon emission. In response, the International Civil Aviation Organization (ICAO) has continually intensifiedGHGemissions requirements by air carriers. Thai AirAsia acknowledges its responsibility to contribute to limiting warming to 1.5°C as outlined by The Paris Agreement 2015. The Company is ramping up its efforts on climate action in the context of aviation to minimise environmental impact and carbon emissions into the atmosphere. Commitment Thai AirAsia is committed to climate responsibility and works with the Civil Aviation Authority of Thailand (CAAT) in support of ICAO’s 2050 net-zero CO2 goal for international aviation. At the same time, the airline participates in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which enacts carbon offsetting and reduction measures in accordance with ICAO policy towards a main objective of limiting carbon emissions to within the ICAO baseline (85% of CO2 emissions by the aviation industry in 2019 from 2024 onwards). Through new technologies and proper management, Thai AirAsia is managing its carbon emissions as stated while still maintaining the utmost in safety. CORSIA Working Working Team Governance Principle Improving Operational eco-efficiency - Improve and monitoring eco-efficient operation performance. - Monitoring international and domestic trends of environmental management. - Participation and keep cooperation with regulators. - Monitoring and update regulation Compliance Environmental Regulation Strategy
RkJQdWJsaXNoZXIy ODEyMzQ3