Cirium Moves Towards Becoming the Standard for Airline CO2 Emissions Reporting

Rhea-AI Summary

Cirium has developed a precise methodology for calculating CO₂ emissions and fuel burn for flights. This innovation has been recognized by major airlines such as American Airlines and Virgin Atlantic, who praised Cirium's accuracy. Notably, Zurich Insurance has partnered with Cirium to analyze corporate travel emissions, aiding their sustainability goals. Cirium aims to be the standard in aviation emissions reporting, providing data that allows clients to better understand and manage their carbon footprint. The comprehensive methodology incorporates various data points, including aircraft specifications and operational data.

Positive

• Cirium's emissions calculations have been commended by major airlines, indicating strong market validation.
• Partnership with Zurich Insurance enhances Cirium's credibility and application in corporate travel sustainability.
• Cirium aims to set a new industry standard for CO₂ emissions data, positioning itself as a leader in aviation analytics.

Negative

• None.

• Cirium develops a methodology to calculate the most accurate, historic, and predicted flight emissions data in the marketplace
• American Airlines and Virgin Atlantic Airways commend Cirium’s approach for estimating fuel burn and allocating emissions at a passenger level
• Leading insurance firm, Zurich, partners with Cirium to measure their corporate travel emissions and influence their travel strategies

DOHA, Qatar--(BUSINESS WIRE)-- Cirium, the aviation analytics company, has developed an advanced methodology to provide a standard and accurate picture of CO₂ emissions and fuel burn calculations per flight and aircraft seat.

Cirium moves towards becoming the standard for airline CO2 emissions reporting. (Graphic: Business Wire)

Jeremy Bowen, CEO at Cirium said: “The level of precision and accuracy of Cirium’s CO₂ emissions calculations far exceeds estimates generally available today.”

American Airlines and Virgin Atlantic Airways each have independently commended Cirium for the superior approach and accuracy of Cirium’s fuel burn estimations through their own extensive analysis.

Holly Boyd-Boland, Vice President, Corporate Development at Virgin Atlantic said: “Virgin Atlantic operates one of the youngest and most fuel-efficient fleets across the Atlantic. Accurate measuring, monitoring, and forecasting of CO₂ emissions is critical as we target and monitor progress to Net Zero 2050, allowing us to better understand our environmental impact. Importantly, it also provides a tool to empower our customers to track and choose airlines with the lowest carbon footprint. Cirium is leading the way in this field, building data and forecasting capabilities that are the most accurate we have seen to date, as verified against our own historical fuel burn and emissions data.”

Jill Blickstein, Head of ESG, at American Airlines said: “To reduce our emissions and reach Net Zero by 2050, we’re taking action to run a more fuel-efficient operation with more fuel-efficient aircraft powered increasingly by low-carbon fuel. And we’re holding ourselves accountable by becoming the first airline in the world with a 2035 target validated by the Science Based Targets initiative. Reducing aviation’s emissions will require partnership among the airlines, our suppliers and our customers – and it’s important to build those partnerships on sound emissions data and calculations. Cirium brings deep aviation expertise to the table on this important topic, and the approach they’ve taken considers numerous variables of an aircraft and its operations.”

Cirium has fused numerous data elements including but not limited to, aircraft and engine specifications, airline schedules, and actual flight operations to create a holistic view of the actual emissions footprint. This enables Cirium clients to view the emissions by operator, aircraft type or geographical region and on a historical, or predictive basis, solving a variety of use cases.

“Our mission is to establish the standard for accurate fuel burn and carbon emissions data to empower the aviation industry to deliver on its sustainability targets. For the industry to achieve their goals of halving CO₂ emissions by 2050 compared with 2005, a clear methodology is needed,” said Bowen. “We are thrilled to have our model corroborated by leading carriers around the globe.”

The emissions data can also be merged with passenger booking information to provide corporations with their carbon footprint. This enables corporations to gain more insight into their emissions and uncover where opportunities exist to reduce their emissions, and help travelers understand their own carbon footprint associated with the flights they choose.

Cirium’s unrivaled emissions data is being used by leading corporate travel departments, including organizations such as Zurich Insurance, a global insurance firm. Zurich is using Cirium’s calculations to measure their corporate travel emissions, explore opportunities to reduce emissions, and empower their employees to make better travel decisions.

Kara Brayton, Assistant Vice President, Head of Corporate Travel Management at Zurich said: “It’s been exciting to collaborate with Cirium under a proof-of-concept, utilizing data to help provide Zurich with insight to better inform our employees around the carbon impact of their decisions when booking airfare.”

“With travel being such a large category of emissions, these types of relationships are key to leading sustainable business travel programs of the future. I am thankful for Cirium’s willingness to engage and explore a personalized solution with us.”

Cirium’s CO₂ emissions calculations are being made available through existing products in Cirium’s portfolio and in new products, to meet the evolving market needs.

Ends

About Cirium
Cirium brings together powerful data and analytics to keep the world moving. Delivering insight, built from decades of experience in the sector, enabling travel companies, aircraft manufacturers, airports, airlines and financial institutions, among others, to make logical and informed decisions which shape the future of travel, growing revenues and enhancing customer experiences. Cirium is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. The shares of RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

For further information please follow Cirium updates on LinkedIn or Twitter or visit www.cirium.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220620005164/en/

For media enquiries please contact:

Cirium PR: media@cirium.com

The PC Agency (EMEA): cirium@pc.agency or +44 207 768 0001

Juliett Alpha Media Relations (Americas): cirium@juliettalpha.com

TrainTracks (Japan): cirium@traintracks.jp

Source: Cirium

FAQ

What recent innovation has Cirium developed regarding flight emissions?

Cirium has developed a precise methodology for calculating CO₂ emissions and fuel burn for flights.

Which airlines have recognized Cirium's emissions calculations?

American Airlines and Virgin Atlantic have independently praised Cirium for their accuracy in fuel burn estimations.

How is Zurich Insurance involved with Cirium?

Zurich Insurance is partnering with Cirium to measure their corporate travel emissions and guide their sustainability strategies.

What is Cirium's mission regarding CO₂ emissions data?

Cirium aims to establish a standard for accurate fuel burn and carbon emissions data to support the aviation industry's sustainability goals.

How does Cirium's methodology benefit corporations?

Cirium's emissions data enables corporations to understand their carbon footprint and identify opportunities to reduce emissions.