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Aviation industry environmental challenges
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The strategy is updated annually taking in consideration both external and internal aspects and focuses on new opportunities to improve environmental performance (Qantas Sustainability Review, 2013). The main problem form Qantas is considered to be the aviation fuel, as it constitutes more than 94 per cent of the airline’s domestic carbon emissions. As a result the development of new sustainable fuel and the optimisation of fuel efficiency are seen a priority. The airline is aiming to a 1.5 per cent improvement in fuel efficiency each year until 2020. Furthermore, the company has achieved 3.2 per cent improvement in fuel efficiency and it is committed to see a 50 per cent reduction in its carbon emissions in the next 40 years through the use of new technologies and new biofuels (Qantas Sustainability Review, 2013). Another important way to reduce fuel costs is by investing in new more sustainable aircrafts. Indeed, Qantas is planning to buy new aircrafts, which are more fuel-efficient during the next ten years and to slowly retire the old fleet. Additionally, the reconfiguration of some aircraft models will further improve the fuel efficiency on a per seat basis (Qantas Sustainable Review, 2013). Qantas Airline is also aiming to reduce electricity, water use and waste production by adopting new smart management approaches and through the installation of new technologies. Regarding the social aspects of sustainability, Qantas seems to support local communities focused on the areas of health, education, humanitarian, reconciliation etc. In special mode, Qantas supports partners such as Clean Up Australia, The Great Barrier Reef Foundations and Landcare Australia, which can be seen as a good attempt to be socially su... ... middle of paper ... ...ic principles. Most of the airlines publish annual reports on their achievements towards sustainability and many organisations are investing in new alternative bio fuels with outstanding results. Finally, the aviation industry as a whole should be able to achieve the aspects of sustainability at least in the long term but at the same time it could face financial pressure, as important financial investments are likely to happen. Moreover, not all the parts of the industry will be able to achieve a sustainable level within the next decades and this could have an economic cost on the airline industry and as a consequence on the price societies pay to travel (Forsyth, p.32). In conclusion, the air transport will not become more sustainable in the long term without a major step change in both technology and our understanding of aviation’s contribution to global society.
With forward movement in society, it is important to consider not just what will propel most toward success, but also what will help to sustain the environment along the way. What may have been considered appropriate decades ago, may no longer be socially acceptable due to the changes observed in both the business world and the environment (Fiske, 2010). Therefore, it is important for organizations thriving in today?s economy to consider how they may capitalize most effectively from their product or service of choice while minimizing or eliminating any damages along the way (Knoke, 2012).
BHP Billiton commits to customer awareness and outreach through many of its existing programs in hopes to promote sustainable and long-term by decreasing their environmental footprint while building collective stakeholder relationships. The company has committed to its target of being more environmental responsibility and working towards reducing their greenhouse gas emissions by 5% by way of sustainable development. This means pushing forward with extensive innovation through their partnerships with companies like Hatch and any other future
As airline industry is a competitive marketplace, the airline companies use new technologies to improve their efficiency and decrease the overhead costs, including ‘advanced aircraft engine technology, IT solutions, and mobile technology’ (Cederholm 2014). The technology changes including technology improvement, new innovation and disruptive technology. The disruptive technology need to meet the characteristics of ‘simplicity, convenience, accessibility and affordability’ (Christensen 1995). The technology changes would bring both opportunities and threats to airline companies. Since Labour cost and fuel costs occupy 50% of most airlines operating cost (Groot 2014). Therefore, if new technologies could be disruptive in the two aspects, there will be important changes to current airline
Whether an organization is domestic or international they have social responsibilities to the communities they operate within and to the shielding of the world. Caterpillar, Inc. is one such company that puts social responsibility at the top of their priorities. They have an abundance of engineers and technologists working on solutions to improve on sustainability. According to the 2012 Sustainability Report (2012), “at Caterpillar, we always ask ourselves, ‘What do our customers need? What does the world need?’ World Resources Institute (WRI) asks those same questions about the communities it serves, and truly delivers some amazing results” (p. 19).
Wearing a mask helps create a hidden identity. When wearing one, you disclose who you truly are. Your social status can no longer be revealed. Your family is unknown. You are able to act freely. Throughout centuries Venetian masks have been used on many occasions for such purposes. The mask wearer can carry about freely and interact with others without the boundaries of their identity and social structure to keep them apart. The mask has an extensive history in Venice, Italy. There are several designs, all serving different purposes. Shakespeare often incorporated masks into his plays, including Romeo and Juliet and Othello. In Othello, Shakespeare uses the concept of a mask throughout the play to reveal the different identities of Iago and his true intentions. In Romeo and Juliet, however, actual masks are worn to conceal the identity of Romeo at the Capulet Ball and Juliet metaphorically wears a mask to create a façade about her relationship with Romeo. The tradition of the mask is one that still lives on in Venice today with the annual celebration of Carnival.
Airline and travel industry profitability has been strapped by a series of events starting with a recession in business travel after the dotcom bust, followed by 9/11, the SARS epidemic, the Iraq wars, rising aviation turbine fuel prices, and the challenge from low-cost carriers. (Narayan Pandit, 2005) The fallout from rising fuel prices has been so extreme that any efficiency gains that airlines attempted to make could not make up for structural problems where labor costs remained high and low cost competition had continued to drive down yields or average fares at leading hub airports. In the last decade, US airlines alone had a yearly average of net losses of $9.1 billion (Coombs, 2011).
One thing is for sure, large number of companies are starting to face problems and trying to come up with solutions to this crisis. Many suggestions have been made towards companies and some include changing more environmental friendly supply chain. (Carbon dioxide supply chain reporting in a Swedish multinational corporation, 2010). Swedish multinational corporation Entra has stated the fact that there is a relationship between their costs and energy sourcing. Since they are sometimes supplier to their suppliers, the environment pushes Entra and all organizations to look into how they can influence their supply channels. BP Amoco as many other companies, have set a target on reducing Greenhouse gasses. One step that they took was...
Porter stated; “for an airline to succeed in the marketplace, it must have a sustainable competitive advantage” (Porter M. E., 2008). The airline industry is the highest competitive industry, and I believe a sustainable completive advantage is essential to succeed in the future of the aviation industry. The competitive advantages that an airline embrace, needs to be based on the airlines strategy and differentiation to competitors. Emirates displays how it has a strategy and how the airline gets ahead of its competitors through how unique it is.
The main opportunities that the scheduled air transportation will have in the next five years are the possible decrease of TSA agents at airports, technology increasing the safety and comfort of the flights for the passengers and ...
The primary goal of The Walt Disney Company is to become one of the world’s leading producers and providers of not only entertainment, but also information (The Walt Disney Company, 2014). The company aims to achieve this by utilizing its immense brand portfolio so as to differentiate services, content, and consumer products. While this is the overall goal, there exist other innate milestones that essentially touch on socially responsible business in enhancing sustainability. They include, but are not limited to; zero net greenhouse gas emissions, whereby the company aims to have reduced net greenhouse gas emissions by 50% by 2020; zero waste, whereby Walt Disney hopes to achieve a 60% reduction in waste from
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
In Table 3, the KPIs of Telstra in regard to environmental performance are presented. It can be recognized that the efforts of the company to preserve and protect the environment are successful, in terms of reducing its carbon footprint, collection of discarded and used mobile phones and carbon emissions. The target goals were fairly achieved with reduced tons of carbon emission as compared to year 2012 and 2011. Moreover, carbon emission intensity had significantly reduced by 33% as compared to operations in 2011 and 2012. On the other hand, collection of e-waste was slightly lower than the target goal by three points.
Automobiles and its related manufacturing contribute to the degradation of the environment causing great concerns from consumers, governments, policy makers and environmentalists, regarding the economy and global warming. This resulted in market changes, due to new environmental laws, legislations, standards, product requirements and consumer wants. The gasoline engine produces emissions that are deadly for the environment, hence the big race by the automobile producers to develop an efficient alternative fuel/energy for powering its vehicles. Deloite (2014) ‘In 2012, new Corporate Average Fuel Economy (CAFE) standards were released in the U.S. that requires automakers to raise the average fuel efficiency of new cars and trucks to 54.5 MPG by 2025.’ (“Global Automotive Consumer Study”, 2014, p.4) The industry is engaged in research and development to develop more efficient internal combustion engines, electric vehicles (EVs), plug-in hybrids, and vehicles powered by natural gas. The government offers incentives in the form of rebates for the purchase and sale of energy efficient
The sustainability of the ecosystems on which the global economy depends must be guaranteed. And the economic partners must be satisfied that the basis of exchange is equitable” (World). This quote demonstrates the complexities of sustainability. Another thing corporations should focus on when trying to be sustainable is their environmental impact.
Tourism is an industry, with air transport becoming an indispensable factor. One major growing trend in airline industry is market globalization. People travel to other countries for both business and leisure purposes, leading to 7% increment in air travel per year. As a market is globalized, those involved will evolve into global customers who go in search of suppliers running on global base. This leads to a growth in business travel due to the global involvement of companies in terms of investments, production chain, supply and customers. Thus, the participation of air transport in facilitating the world trade is prodigious. Aviation implements another economic benefit of the air transport by providing consumer welfare to individuals while considering the environmental brunt such as the air quality, congestion and noise in the proximity of airports. Air transport being highly demanding has doubled the passenger numbers since the 1980s and over the last decade, it has increased by 45%. The huge growth and development of the aviation field has benefitted in heaps regarding