2030 Emissions Guidance – Supplementary Information

2030 Emissions Guidance
1 May 2025 Update

AIR NEW ZEALAND
2030 EMISSIONS GUIDANCE: 1 MAY 2025 UPDATE
1 May 2025
As of 1 May 2025, Air New Zealand expects
to reduce its “well-to-wake” net greenhouse
gas emissions by 20 to 25 per cent by 2030,
compared with a 2019 baseline. Well-to-wake
emissions are the total emissions from jet fuel,
including fuel production, distribution and
combustion in flight. In the 2024 financial year,
well-to-wake emissions from jet fuel accounted
for 92 per cent of Air New Zealand’s 4.3 million
tonnes of greenhouse gas emissions.

Air New Zealand’s 2030 Emissions Guidance is
on a net emissions reduction basis, rather than
an intensity basis, to more closely align with its
2050 net zero carbon emissions target. Air New
Zealand’s Transition Plan to 2050 is available here
and will be updated again in its 2025 Climate
Statement in August, and annually thereafter.
The 2030 Emissions Guidance is Air New Zealand’s
expectation of its emissions by 2030, built from
the bottom-up. The 2030 guidance range is based
on detailed scenario modelling and extensive
analysis of the airline’s external environment.
It relies on the following decarbonisation
levers and assumptions as of 1 May 2025.
Sustainable Aviation Fuel (SAF)
• The 2030 Emissions Guidance relies on Air New
Zealand meeting its target to use 10 per cent SAF (as
a percentage of total fuel) in 2030. This is in line with
the airline’s commitment under the World Economic
Forum’s Clean Skies for Tomorrow Ambition Statement.
• The Guidance assumes the ongoing global scaling
of SAF supply and Air New Zealand being able to
access appropriate volumes of SAF at reasonable
prices. The airline’s ability to do this relies on
external developments in production, technology,
certification, costs and policy support.
Fleet and network
• The 2030 Emissions Guidance relies on Air New
Zealand receiving delivery of its committed
aircraft orders and deploying its fleet in line
with its five-year fleet and network plan.
• The Guidance assumes the airline’s suppliers deliver
aircraft at planned timeframes and that the airline’s
network operates within the range currently expected.
• Note: there are no anticipated decarbonisation impacts
from Next Generation Aircraft in the period to 2030.
Operational efficiency improvements
• The 2030 Emissions Guidance relies on a range of
operational and fuel efficiency initiatives that aim to
reduce fuel use both in the air and on the ground.
• The Guidance assumes the delivery of identified
initiatives in planned timeframes, including support
from airports and aviation technology suppliers.
Carbon Offsetting and Reduction Scheme
for International Aviation (CORSIA).
• The 2030 Emissions Guidance relies on the use of
carbon credits from CORSIA. CORSIA is a global
compliance obligation requiring offsetting international
aviation emissions growth above 85 per cent of
the international aviation 2019 baseline. Air New
Zealand’s anticipated CORSIA obligation in 2030
(alongside a small volume of high integrity voluntary
carbon removals) will be used to calculate the net
component of Air New Zealand’s emissions for the
purposes of issuing ongoing Emissions Guidance.
• The Guidance assumes the ongoing operation of
CORSIA in the period to 2030 and Air New Zealand
being able to access its required Eligible Emissions
Units (EEU) volume. The volume of EEUs purchased
by the airline will depend, amongst other factors, on
international aviation growth in the period to 2030.
Additional carbon removals
• In addition to CORSIA, Air New Zealand intends to use a
small volume of high integrity voluntary carbon credits.
These will be removal carbon credits of approximately
11,000 tonnes of carbon dioxide equivalent (CO2e),
to address a portion of its residual emissions in 2030.
This is intended to support the development of nature-
based carbon removal solutions in New Zealand, and
engineered carbon removals globally. All additional
carbon credits are intended to be purchased from
an internationally recognised carbon registry.
• The Guidance assumes the ongoing development
of voluntary carbon markets and Air New Zealand
being able to access appropriate volumes of high
integrity carbon credits at reasonable prices.
Note:
The 2030 Emissions Guidance is given at a point in time, based on Air New Zealand’s current expectations and understanding of the decarbonisation levers and assumptions (including its understanding of technology,
policy and market conditions), which are all evolving rapidly and so carry significant uncertainty and risks for the airline. The Guidance will be re-issued and updated annually as part of Air New Zealand’s Climate Statement,
and the airline does not undertake any obligation to update it outside of that process.