Lufthansa

Lufthansa is the flag carrier airline of Germany and a founding member of the Star Alliance, operating worldwide passenger and cargo flights as part of the Lufthansa Group, a leading global aviation group.

Positive signals

Sustainalytics rates Lufthansa as having a 'Medium Risk' ESG profile (score: 26.0 as of December 2024), with strong overall management of material ESG issues and robust corporate governance structures.

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Lufthansa is recognized for its high transparency and strong performance in climate strategy, transparency & reporting, and corporate governance, including board independence, industry experience, and gender diversity.

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Lufthansa Group has set ambitious climate action goals, aiming to halve its net carbon emissions from flight operations by 2030 compared to 2019 levels and to achieve carbon neutrality by 2050. The Science Based Targets initiative (SBTi) validated Lufthansa’s target to achieve a 30.6% reduction in CO₂ intensity by 2030, making it the first European airline group and the second worldwide to receive such validation.

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Lufthansa Group received an 'AA' ESG rating from MSCI for the third consecutive year in 2024, ranking in the top 3 among 21 companies in the airline industry and demonstrating strong performance in climate protection, energy efficiency, human rights, labor standards, and data protection.

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Moody’s ESG Credit Impact Score for Lufthansa is CIS-3, reflecting limited credit impact to date and acknowledging Lufthansa’s investment-grade capital structure and strong access to capital markets for future ESG-related investments.

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Concerns

Lufthansa has shown a lack of progress in reducing fossil energy consumption and has a weak energy management system, which undermines its climate commitments.

HIGH

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Lufthansa is exposed to high human capital risk due to a strongly unionized workforce, and labor disputes have had a financial impact on the company in recent years.

MEDIUM

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Despite ambitious climate targets, Lufthansa’s primary environmental impacts remain significant due to CO₂ emissions from jet fuel combustion, which continue to be a major contributor to climate effects from flight operations.

HIGH

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Lufthansa faces significant carbon transition risk due to the slow pace of fleet renewal and limited availability of sustainable aviation fuel, which could lead to increased regulatory pressure and long-term credit risk.

HIGH

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Despite ambitious climate targets, Lufthansa’s primary environmental impact remains significant due to CO2 emissions from jet fuel combustion, which continues to be a major contributor to climate change.

HIGH

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Lufthansa

Positive signals

Sustainalytics rates Lufthansa as having a 'Medium Risk' ESG profile (score: 26.0 as of December 2024), with strong overall management of material ESG issues and robust corporate governance structures.

Lufthansa is recognized for its high transparency and strong performance in climate strategy, transparency & reporting, and corporate governance, including board independence, industry experience, and gender diversity.

Lufthansa Group received an 'AA' ESG rating from MSCI for the third consecutive year in 2024, ranking in the top 3 among 21 companies in the airline industry and demonstrating strong performance in climate protection, energy efficiency, human rights, labor standards, and data protection.

Moody’s ESG Credit Impact Score for Lufthansa is CIS-3, reflecting limited credit impact to date and acknowledging Lufthansa’s investment-grade capital structure and strong access to capital markets for future ESG-related investments.

Concerns

Lufthansa has shown a lack of progress in reducing fossil energy consumption and has a weak energy management system, which undermines its climate commitments.

Lufthansa is exposed to high human capital risk due to a strongly unionized workforce, and labor disputes have had a financial impact on the company in recent years.

Despite ambitious climate targets, Lufthansa’s primary environmental impacts remain significant due to CO₂ emissions from jet fuel combustion, which continue to be a major contributor to climate effects from flight operations.

Lufthansa faces significant carbon transition risk due to the slow pace of fleet renewal and limited availability of sustainable aviation fuel, which could lead to increased regulatory pressure and long-term credit risk.

Despite ambitious climate targets, Lufthansa’s primary environmental impact remains significant due to CO2 emissions from jet fuel combustion, which continues to be a major contributor to climate change.

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