LATAM has developed various actions aimed at the responsible use of fuel. This program, which has been in place for more than 10 years, has implemented initiatives focused on reducing fuel consumption and operational efficiency to optimize savings.
To this end, the group has improved its land and air operation processes, and between 2012 and 2021, LATAM increased its aviation fuel efficiency by 5.3% through the program. Added to this, in 2021 gross fuel savings totaled 8.3 million gallons.. In addition, the Group is constantly optimizing and renewing its fleet, incorporating new Airbus A320neo family aircraft, which use 15% less fuel, reduce nitrogen oxide emissions by 50% and reduce the acoustic footprint.
The use of sustainable aviation fuels (SAF) and new and innovative propulsion technologies are the main pillars for achieving a carbon-neutral airline industry by 2050. Therefore, the Group's commitment is to reach 5% sustainable fuel use (SAF) by 2030, favoring local producers in South America.
The LATAM group's alliance with Cataruben CO2BIO, a project located in the Colombian Orinoco region that seeks to protect the floodable savannah, is noteworthy, and through which the Group has committed to protecting the 575,000 hectares covered by the project as of 2022. The alliance aims to capture 11.3 million tons of carbon dioxide by 2030 in this key area for global biodiversity.
In addition, LATAM has an offset program that will enable it to achieve carbon neutrality by 2050 through two major initiatives:
The 1+1 offset program involves corporate customers, both cargo and passengers, who can choose from a portfolio of high environmental value projects to offset the emissions generated by their air travel. To double the impact, LATAM will offset the same amount of emissions as its customers, using the 1+1 mechanism.
In addition, every Friday we offset the emissions generated on flights on emblematic routes at the regional level, thus protecting South America's strategic ecosystems and their biodiversity.