Aeromexico Signs Agreement with Mexico Carbon Platform, MEXICO2, to Invest in Carbon Projects

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MEXICO CITY, Oct. 2, 2015 /PRNewswire/ -- Today Aeromexico signed an agreement with the independent platform for trading carbon credits called MEXICO₂, to purchase Certified Emission Reductions (CERs), also known as carbon credits, for national projects certified under international standards.

MEXICO₂ facilitates the purchase and sale of CERs and supports offsetting emissions, thereby guaranteeing the transparency of transactions in the voluntary carbon market.

"The global aviation industry is responsible for two percent of all CO₂ emissions from the use of fossil fuels, and this figure could grow to three percent by 2050. Signing this agreement with MEXICO₂, means that Aeromexico has adopted the International Aviation Transport Association (IATA) guidelines to offset carbon emissions, based on the commitment set in 2005 for carbon-neutral growth by 2020 with 50% reduction by 2050 relative to 2005 levels," said MEXICO₂ director Eduardo Piquero.

In signing this agreement, Aeromexico, and its passengers join one of the best international practices for environmental protection offsetting part of their annual air emissions. A percentage of the sum collected will be provided directly by the airline with another amount supplied by its customers. The full amount will be used to acquire carbon credits from renewable energy and methane capture projects through MEXICO₂.

"The acquisition of carbon credits represents an excellent opportunity for us to contribute to the fight against climate change, as part of our concern for environmental protection. As the leading airline in the Mexican aviation industry, Aeromexico is fully committed to participating in actions that produce a positive impact on the environment," said the airline's CHRO Sergio Allard.

Offsetting emissions by buying carbon credits is just one of the actions listed in the reorganization document for Aeromexico's "Fly Green" program launched in November 2013. Its primary objective is to raise environmental awareness and reduce CO₂ emissions while offering customers a new way to travel by reducing the environmental impact of flying.

In addition to reducing greenhouse gas emissions (GHG), our investment in carbon credits supports the reuse of Mexico's natural resources and the sustainable development of its economy as this encourages innovation and motivates companies to care for our planet.

Mexico's financial exchange, Bolsa Mexican de Valores (Grupo BMV) and the Mexico Carbon Platform, MEXICO₂, recognize that Aeromexico is a company committed to the fight against climate change, and interested in preserving best practices and engaging its customers in this effort that involves us all.

About MEXICO₂ 
The Mexico Carbon Platform, MEXICO₂, is an initiative that responds to the needs of the country in the face of climate change. It proposes an efficient mechanism that helps reduce greenhouse gas emissions by supporting projects intended to protect and increase the country's natural and social resources. MEXICO₂ is the first effort in the creation of a voluntary carbon market that supports the transition of Mexico and its business corporations towards a greener economy. MEXICO₂ was created as a market initiative collectively sponsored by the Mexican Stock Exchange and SIF ICAP, the British Embassy in Mexico, the United Nations Environment Program (UNEP), the Ministry of Environment and Natural Resources (SEMARNAT), the National Forestry Commission (CONAFOR), and the National Institute of Ecology and Climate Change (INECC). Visit our website at www.mexico2.com.mx

About Grupo Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries provide commercial aviation services and manage passenger loyalty programs in Mexico. Aeromexico, Mexico's global airline, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its route network spans more than 80 cities on three continents, including 46 in Mexico, 16 in the United States, 15 in Latin America, three in Canada, three in Europe, and two in Asia.

Aeromexico's fleet of more than 130 aircraft includes Boeing 787, 777, 767 and 737 jet airliners and Next Generation Embraer 145, 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico for the purchase of 100 Boeing aircraft including 90 B737 MAX jet airliners and ten B787 Dreamliners.

As a founding member of the SkyTeam alliance, which is celebrating its 15^th anniversary this year, Aeromexico offers customers more than 1,000 destinations in 179 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 636 premium airport lounges around the world. Aeromexico also offers travel options through its code share partners Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com  www.skyteam.com

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SOURCE Aeromexico

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