Christchurch Airport Sets Global Precedent In Aviation Emissions Monitoring
The move strengthens the airport's position as a global leader in climate action. Traditionally, flight emissions data has been gathered annually, and split into categories such a domestic, regional and international.
As the first airport in the Southern Hemisphere to achieve Level 5 in the Airport Carbon Accreditation programme, the Airport is now using the PACE Airports platform to better understand the emissions generated from flights in greater detail. This helps to inform data-led conversations and the longer-term transition requirements for the airline partners coming into Christchurch Airport.
A key part of Christchurch Airport's sustainability journey has been tracking and reducing their own on-the-ground airport operational emissions. This new tool builds on that work by offering advanced insights into aviation-related emissions from aircraft using their airport. Analysing these emissions at a more granular level helps better understand the transition challenges facing the wider aviation sector.
The platform delivers up-to-date emissions data covering over 99% of commercial flights worldwide, tracking more than 370,000 individual routes and utilising over 10 billion flight data points. The system calculates emissions down to the type of engines an aircraft is using and can be tailored to local conditions.
Claire Waghorn, Sustainability Transition Leader at Christchurch Airport, said:
'Our key focus on this sustainability journey has been reducing our own operational emissions and then seeking to support our wider sector reductions. The insight from this platform offers us data to consider the aviation-related emissions across the entire airport operations.'
The innovative system, PACE Airports has been developed by Fexco, an Irish global fintech and financial services company. Christchurch Airport is the first airport in the world to adopt the system, which is already trusted by leading banks and aviation financiers to track aviation-related emissions across the global aviation sector.
Bertie Murphy, Chief Strategy Officer at Fexco Group, said:
'We're excited to have Christchurch Airport, a sustainability leader, utilise our platform. We strive to be the trusted source of aviation emissions data. We look forward to helping Christchurch Airport achieve its emissions reduction targets with our data and insights'.
By using PACE Airports, Christchurch Airport continues to set the standard for sustainable airport operations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Otago Daily Times
a day ago
- Otago Daily Times
Shareholder approval sought for Alliance sale
Site closures and asset sales are possible if farmer shareholders do not support Dawn Meats Group taking a 65% stake in Alliance Group for $250 million, the co-operative says. Yesterday, Alliance — the wholly farmer-owned co-operative — confirmed the rumour the Irish company was planning to take a majority stake. The deal is subject to shareholder approval and will require a minimum of 75% shareholder acceptance of those who vote, and greater than 50% of all shareholders voting yes at a special general meeting in Invercargill on October 20. If shareholders did not support the investment, the Alliance board would be obliged to enter into a process led by its banking syndicate which might involve possible asset sales, site closures and further cost-reduction initiatives, the co-operative said. Alliance is a major employer in the South with plants at Pukeuri, Mataura and Lorneville, along with Nelson, Dannevirke and Levin. It is owned by more than 4000 shareholders. If approved, the investment would reduce Alliance's short-term working capital facility by about $200m, accelerate the board's strategic capital expenditure programme and enable the distribution of up to $40m to the co-operative, subject to shareholder livestock supply, it said. Alliance chairman Mark Wynne said the announcement came after a two-year process to reset and recapitalise the business. Last year, Alliance appointed Craigs Investment Partners to explore external capital-raising options after posting a full-year after-tax loss of $95.8m for the year ending September 30, which followed a $70.1m loss the previous year, yet a record $116.3m profit in 2022. Established by three farming families in 1980, Dawn Meats has 24 facilities and more than 8000 employees in 10 countries, processing more than 3.5 million sheep and 1 million cattle per annum, with a core annual turnover of more than $5.8 billion. Speaking to the Otago Daily Times yesterday afternoon, Alliance chief executive Willie Wiese said feedback on the proposal included mixed views but was predominantly supportive. The business had been built up over generations and that was valued. Farmers had questioned if the company could trade its way out. Despite the challenges it had faced, it would be profitable this year. But an issue was the debt it was dragging along. When the record profit was announced in 2022, the company also had $107m debt at that time. It had taken two years but the company was now in a very different space and was a very different business. "We can trade our way out of it but the time it will take is far too long from a banking perspective," Mr Wiese said. While Alliance would be working hard for a yes vote, Mr Wiese said he would also be relentlessly working on "what if" the proposal was rejected. It would be up to the banks to determine what that would look like. Yesterday, James Anderson, who with fellow Waikaia farmer David Pinckney implored shareholders attending Alliance's last annual meeting in Gore in December to support 100% farmer ownership, said he was now "trying to drive down the middle line". While canvassing support to retain farmer ownership, Mr Anderson spoke with fully paid-up Alliance shareholders who were "disgruntled" with the co-operative's management. They had gone to competing companies, either with all or some of their stock and they wanted change. These were younger farmers from intergenerational farming families and they were "disgruntled about this very stoic attitude of why we have to be 100% farmer-owned". "What I know is bankers and our young farmers are seeing the business in a different light than what I am," he said. Mr Anderson, who started supplying Alliance shortly after starting farming in 1987, said the "elephant in the room" had been the drop in livestock numbers and the government's slow response to landuse change. Federated Farmers meat and wool industry group chairman Richard Dawkins urged farmers to attend farmer roadshow meetings — which begin on September 29 — to understand what was proposed so they could make an informed decision. "Apathy is not a solution," he said.
Otago Daily Times
a day ago
- Otago Daily Times
Shareholder approval sought for sale
Site closures and asset sales are possible if farmer shareholders do not support Dawn Meats Group taking a 65% stake in Alliance Group for $250 million, the co-operative says. Yesterday, Alliance — the wholly farmer-owned co-operative — confirmed the rumour the Irish company was planning to take a majority stake. The deal is subject to shareholder approval and will require a minimum of 75% shareholder acceptance of those who vote, and greater than 50% of all shareholders voting yes at a special general meeting in Invercargill on October 20. If shareholders did not support the investment, the Alliance board would be obliged to enter into a process led by its banking syndicate which might involve possible asset sales, site closures and further cost-reduction initiatives, the co-operative said. Alliance is a major employer in the South with plants at Pukeuri, Mataura and Lorneville, along with Nelson, Dannevirke and Levin. It is owned by more than 4000 shareholders. If approved, the investment would reduce Alliance's short-term working capital facility by about $200m, accelerate the board's strategic capital expenditure programme and enable the distribution of up to $40m to the co-operative, subject to shareholder livestock supply, it said. Alliance chairman Mark Wynne said the announcement came after a two-year process to reset and recapitalise the business. Last year, Alliance appointed Craigs Investment Partners to explore external capital-raising options after posting a full-year after-tax loss of $95.8m for the year ending September 30, which followed a $70.1m loss the previous year, yet a record $116.3m profit in 2022. Established by three farming families in 1980, Dawn Meats has 24 facilities and more than 8000 employees in 10 countries, processing more than 3.5 million sheep and 1 million cattle per annum, with a core annual turnover of more than $5.8 billion. Speaking to the Otago Daily Times yesterday afternoon, Alliance chief executive Willie Wiese said feedback on the proposal included mixed views but was predominantly supportive. The business had been built up over generations and that was valued. Farmers had questioned if the company could trade its way out. Despite the challenges it had faced, it would be profitable this year. But an issue was the debt it was dragging along. When the record profit was announced in 2022, the company also had $107m debt at that time. It had taken two years but the company was now in a very different space and was a very different business. "We can trade our way out of it but the time it will take is far too long from a banking perspective," Mr Wiese said. While Alliance would be working hard for a yes vote, Mr Wiese said he would also be relentlessly working on "what if" the proposal was rejected. It would be up to the banks to determine what that would look like. Yesterday, James Anderson, who with fellow Waikaia farmer David Pinckney implored shareholders attending Alliance's last annual meeting in Gore in December to support 100% farmer ownership, said he was now "trying to drive down the middle line". While canvassing support to retain farmer ownership, Mr Anderson spoke with fully paid-up Alliance shareholders who were "disgruntled" with the co-operative's management. They had gone to competing companies, either with all or some of their stock and they wanted change. These were younger farmers from intergenerational farming families and they were "disgruntled about this very stoic attitude of why we have to be 100% farmer-owned". "What I know is bankers and our young farmers are seeing the business in a different light than what I am," he said. Mr Anderson, who started supplying Alliance shortly after starting farming in 1987, said the "elephant in the room" had been the drop in livestock numbers and the government's slow response to landuse change. Federated Farmers meat and wool industry group chairman Richard Dawkins urged farmers to attend farmer roadshow meetings — which begin on September 29 — to understand what was proposed so they could make an informed decision. "Apathy is not a solution," he said.
Otago Daily Times
2 days ago
- Otago Daily Times
Farmers to vote on co-op's 65% sale to overseas group
The Alliance Group's Pukeuri plant. Photo: Sally Rae. Irish meat company Dawn Meats Group will take a 65% stake of Alliance Group, subject to the co-operative's farmer-shareholders giving the deal a tick. This morning, Alliance confirmed the rumour that had been circulating, following a capital raise process, that the Irish company would pay $NZ250 million in the proposed transaction, subject to shareholder acceptances, High Court and regulatory approvals. Proceeds from the transaction would be used to reduce Alliance's short-term working capital facility by approximately NZ$200 million, accelerate the board's strategic capital expenditure programme and enable the distribution of up to $40 million to the co-operative, subject to shareholder livestock supply, the co-operative said in a statement. Alliance chairman Mark Wynne said the announcement comes after a two-year process to reset and recapitalise the business. The transaction is to be implemented via a Scheme of Arrangement and will require a minimum of 75 per cent shareholder acceptance of those who vote, and greater than 50 per cent of all shareholding voting yes at a Special General Meeting (or via proxy) to be held in Invercargill in mid-October. If shareholders do not support the proposed investment, the Alliance board would be obligated to enter into a process led by its banking syndicate, which may involve possible asset sales, site closures and further cost-reduction initiatives, the statement said.
