Airbus - 2022 Universal Registration Document

1. Information on the Company’s Activities / 1.2 Non-Financial Information

Carbon offset strategy

The Company has committed to remove 100% of its residual emissions by 2030, which will represent around 400kt CO 2 e in 2030. It will start with compensating all remaining emissions from 2023, with a gradual phase-in of carbon removal solutions to cover 100% of residual emissions by 2030. Both nature-based and technology-based solutions are considered, in alignment with the Intergovernmental Panel on Climate Change reports. Since 2019, the Company has introduced a mechanism to compensate for its business travel emissions based on the concepts of additionality, real (permanent) reduction, prevention of double counting, prevention of overestimation and no additional harm. As a minimum, the carbon offsets purchased by the Company are certified by the Gold Standard or Verra or Verified Carbon Standard or Climate, Community and Biodiversity Standards and the supplier needs to show proof of how each one of the mentioned criteria was met. In addition, understanding that these carbon offsetting programmes may have gaps in their methodologies, additional proof is requested of how such gaps are managed by the provider. Moreover, societal aspects are considered, such as prevention of child labour, respect of human rights and relations with the communities surrounding the projects. The volume of offsets required in 2022 was around 45ktCO 2 e procured through offset producer South Pole in the form of a cluster of compensation and removal projects: aforestation (VCS), landfill gas and waste gas (GS-VER), forest conservation (VCS-CCBS). This contract with the South Pole has been reviewed to cover the full volume of 2023 residual emissions, estimated to be over 700kt CO 2 e. In addition, the Company plans to secure 2024-2030 volumes well in advance. Terms will meet underlying principles of progressive transition towards 100% removals, as well as a relevant mix of nature-based and technology-based solutions. - In 2022, to foster tech-based solutions development, the Company has partnered with 1PointFive, a US company, and has pre-purchased 100,000 tons of carbon removals per year over four years – or 400,000 tons in total – as part of an initial offtake. A portion of these volumes will be allocated to the Company’s scope 1 & 2 offset strategy.

As an enabler for consistent decision making, the Company uses an internal carbon price to support investment with positive energy and CO 2 reduction impacts on operations. In 2021, this price was updated from 30 €/tCO 2 to 150 €/tCO 2 ,

giving a clear signal to project leaders on the importance of CO 2 footprint reduction and enabling an acceleration of project portfolio implementation.

Tracking Progress and Performance In 2022, scope 1 & 2 GHG emissions have decreased by around 5.8% (-8.5% on TCO scope), exceeding the target, primarily due to four factors: the acceleration of energy saving investments and of SAF usage (that reached over 3% of the Company’s total aircraft fuel consumption (see above)), the lower-than-planned industrial ramp-up, the deployment of additional energy saving measures in the context of the energy crisis, as well as clement weather conditions especially over the last months of the year.

2 000

1 000

900

800

1 500

700

611

600

1 000

500

762

ktons CO ₂ e - Scope 1&2

Deliveries

400

300

500

200

-63% vs 2015

100

0

0

2015

2022

2030

Actuals

Target

Revised ambition

Deliveries

74

Airbus / Universal Registration Document 2022