Press release from ROBECOSAM
Transcription
Press release from ROBECOSAM
INDUSTRY GROUP LEADER REPORT | 2013 Air France-KLM AIR Airlines Member of DJSI World, DJSI Europe Company Description Air-France KLM is a leading global airline group. Formed through the merger of Air France and KLM in 2004, the company’s strategic focus lies in three main areas: Passengers, Cargo and Aeronautical Maintenance. In 2012, the company carried over 77 million passengers to 253 destinations worldwide, offering the most extensive route network between Europe and the rest of the world. In 2012, the company launched its three-year transformation plan to increase profitability while focusing on its core strengths such as customer service and route development. Sustainability has long been recognized as a key differentiator for the company, and sustainable development forms a core pillar of its Transform 2015 strategy. Creating economic, environmental and social value remains at the center of the company’s business. Sustainability Performance Air France-KLM continues to defend its position as a sustainability leader in the transportation space. As part of its overall business strategy, the company has made long-term commitments to reducing its environmental footprint and increasing operational efficiency. Compared to a 2009 baseline, the company made significant improvements in operational eco-efficiency in 2012. As a pioneer in the development of sustainable biofuels, the company continues to push for viable alternatives to traditional fossil fuels. The company actively manages its stakeholder engagement, ensuring that corporate goals are effectively rolled out and managed at the local level. Through transparent and focused reporting, the company addresses multiple stakeholder needs, and closely outlines not only the progress, but also the challenges faced in achieving its sustainable business goals. Sustainability Scores Total Scores Economic Dimension Air France-KLM COMPANY INFORMATION Environmental Dimension DJSI industry average No of Employees Web Best company within industry Source: Bloomberg / September 04, 2013 Company Country Social Dimension Share France 98,292 www.airfrance.com Market cap (million) Key data 1,652 Sales (million) Currency EUR EPS High 52 week 8.95 P/E Ratio Low 52 week 3.97 RobecoSAM AG - Josefstrasse 218 - 8005 Zürich - Switzerland - www.robecosam.com - Phone +41 44 653 10 30 - Fax +41 44 653 10 50 - [email protected] 1/ 1 2012 2013E 25,633 26,101 -.95 -.65 - - Industry Drivers Commercial airlines continue to face a competitive and challenging environment. Rising fuel costs combined with fierce competition from low-cost and ultra-low-cost carriers are forcing airlines to rethink their business plans and adapt their long-term growth strategies. Consolidation continues throughout the industry, and new route-sharing partnerships help create economies of scale and reduce operating costs. The EU Emissions Trading Scheme, originally scheduled to be implemented in January 2013, has been put on hold, giving the UN’s International Civil Airline Authority (ICAO) a year to develop a global alternative. If no solution is found, the EU has vowed to move ahead as planned, applying the legislation to all intercontinental flights to and from the European Union, providing an additional financial incentive to improve operational eco-efficiency. Although airlines have made significant strides in improving fuel efficiency and investments in the latest generation aircraft remain strong, further cooperation between the private and public sectors is needed to meet the 2020 goal of neutralizing net CO2 emission growth. This includes increasing cooperation on the development of alternative fuels and the implementation of advanced route planning systems and navigation technologies. Company Performance for Selected Criteria Economic Dimension Risk & Crisis Management Fleet Management Corporate Governance Codes of Conduct/Compliance/Corruption&Bribery Environmental Dimension Environmental Policy/Management System Environmental Reporting Operational Eco-Efficiency Social Dimension Talent Attraction & Retention Labor Practice Indicators and Human Rights Social Reporting Human Capital Development Air France-KLM DJSI industry average Best company within industry For information on assessment criteria, visit www.sustainability-indices.com Disclaimer: For internal use only/Confidentiality: The information and opinions contained in this publication are for internal use only. This information is destined exclusively for internal use of the recipient. Any recipient shall treat this document as confidential and shall under no circumstances disclose or transmit any part of this document, including but not limited to the Index Data, the Components of the Index and the related descriptions, weightings, etc. to any third party. Furthermore the publication of the information as a whole is strictly prohibited even after the final publication of the DJSI Index 2013. No Offer: The information and opinions contained in this publication neither constitute an offer nor an invitation to make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities. The information described in this publication is not directed to persons in any jurisdiction where the provision of such information would run counter to local laws and regulation. No warranty: This information is derived from sources believed to be accurate and reliable, but neither its accuracy nor completeness is guaranteed. The material and information in this information is provided "as is" and without warranties of any kind, either expressed or implied. RobecoSAM and their related and affiliated companies disclaim all warranties, expressed or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. Any opinions and views in this publication reflect the current judgment of the authors and may change without notice. It is each reader‘s responsibility to evaluate the accuracy, completeness and usefulness of any opinions, advice, services or other information provided in this publication. Limitation of liability: All information contained in this publication is distributed with the understanding that the authors, publishers and distributors are not rendering any legal, accounting or other professional advice or opinions on specific facts or matters and accordingly assume no liability whatsoever in connection with its use. In no event shall RobecoSAM and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of any opinion or information expressly or implicitly contained in this publication. Copyright: Unless otherwise noted, text, images and layout of this publication are the exclusive property of RobecoSAM and/or its related, affiliated and subsidiary companies. 2/ 2 Industry Group Leader Report - 2013