South American carrier Latam Airlines Group has been named in the ‘World’ category of the Dow Jones Sustainability Index for the third consecutive year.
The index comprises the top 10% of leading global companies in the ‘S&P Global Broad Market Index’ in terms of sustainability, based on an annual independent assessment of economic, social and environmental criteria.
Latam is one of only two airlines currently listed in the ‘World’ category.
The group is one of two Chile-based companies on the DJSI World Index. Only 12 other companies from the region were listed on this index – seven from Brazil and five from Colombia.
The Dow Jones Sustainability Index evaluates and recognises companies based on economic, environmental and social criteria including: corporate governance and compliance, social reporting, development of human capital, efficiency, customer relations management as well as environmental reporting and management.
Latam qualified by being a company that is able to generate value for its passengers, the destinations it serves, its workforce and the environment. One of its main goals is to support the development of South America and preserve its cultural and natural heritage through the promotion of sustainable tourism and supporting NGOs in the region.
DJSI invited 3,420 companies – covering 60 industries in 47 countries – with the best financial performance measured by market capitalisation in the S&P Global Broad Market Index to participate in its annual corporate sustainability assessment. Out of the companies invited, 316, including Latam, qualified for the DJSI World Index.
The airline’s chief executive, Enrique Cueto, said: “As the leading airline group in Latin America, Latam Airlines Group has a responsibility to set an example in sustainable practices.
“To be one of only two airline groups globally to be listed in the ‘World’ category for the third consecutive year is a great testament to the work of our team and demonstrates our shared commitment towards enhancing the sustainability of the company for our passengers, shareholders, stakeholders, suppliers and the communities in which we operate.”
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