Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, has recorded its highest Environmental, Social, and Governance (ESG) performance to date, garnering a rating of 46 for its 2024 S&P Global ESG Score. This places the airline among the most sustainable carriers globally, reinforcing its contribution to sustainable air travel.
The S&P Global ESG Score evaluates how companies manage their ESG risks, opportunities, and overall impact. CEB’s latest score marks significant improvements across key sustainability areas.
CEB recorded a remarkable 17-point increase in its environmental score, rising from 26 to 43 points. This improvement is driven by its enhanced environmental policy, strengthened climate strategy, and progress in decarbonization efforts. The airline also continues to manage risks associated with water and energy use, as well as waste disposal and pollutants discharge.
“A strong ESG performance isn’t just about hitting numbers; it’s about managing risks and building a more responsible business. Our latest S&P Global ESG score is our best yet. More than just a milestone, it reflects our meaningful progress toward a sustainable future,” said Xander Lao, CEB President and Chief Commercial Officer.
Beyond environmental efforts, CEB remains a leader in social performance, scoring 51 points—well above the airline industry average of 44. This achievement reflects the airline’s commitment to fair labor practices, strict transportation safety compliance, robust passenger data protection, and effective workforce management.
Additionally, CEB’s governance score rose by two points to 43, attributed to improvements in risk and crisis management and steady performance in cybersecurity, information security, ethical practices, and transparency reporting.
CEB’s record ESG performance highlights its ongoing efforts to enhance the flying experience for passengers while minimizing environmental impact. The airline continues to refine its policies and practices to meet global sustainability standards.
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