Finnair Oyj 2020 AR2
The report highlights Finnair's navigation through the unprecedented challenges of the COVID-19 pandemic in 2020, which caused a 73% drop in passenger volumes and revenue. To secure its long-term future, the company raised approximately 1.8 billion euros in new financing, including a 500-million-euro rights issue, and implemented a permanent 140-million-euro cost reduction program. Despite the crisis, Finnair maintained its commitment to sustainability, aiming for carbon neutrality by 2045 and halving net emissions by 2025. Additionally, the company achieved record-high customer satisfaction with a Net Promoter Score of 48, driven by extensive health and safety measures.
Company: Finnair Oyj
Sector: Transport & logistics
Country: Finland
Year: 2020
Type: AR2
Pages: 155
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Finnair Oyj
Annual Report
The report highlights Finnair's navigation through the unprecedented challenges of the COVID-19 pandemic in 2020, which caused a 73% drop in passenger volumes and revenue. To secure its long-term future, the company raised approximately 1.8 billion euros in new financing, including a 500-million-euro rights issue, and implemented a permanent 140-million-euro cost reduction program. Despite the crisis, Finnair maintained its commitment to sustainability, aiming for carbon neutrality by 2045 and halving net emissions by 2025. Additionally, the company achieved record-high customer satisfaction with a Net Promoter Score of 48, driven by extensive health and safety measures.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees