JetBlue (NASDAQ:JBLU) has joined more than 100 other companies and business leaders and publicly committed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the airline said.
A growing number of investors are demanding more information on how companies are addressing the effects of climate change. JetBlue recognizes the importance of voluntarily disclosing climate-related risks and opportunities, and that adopting the TCFD recommendations is an important step in preparing business for the long-run.
The Task Force, established by the Financial Standards Board (FSB) in late 2015, recently released its final report — Recommendations of the Task Force on Climate-related Financial Disclosures — and supporting materials.
Recommendations are focused on four areas that represent how companies operate: governance, strategy, risk management, and metrics and targets. These areas reflect the types of information investors expressed are most important to their needs. The Task Force developed guidance to assist companies in meeting those needs.
JetBlue is taking steps to address the emission of greenhouse gases (GHGs) from its flights and empowers and inspires its customers and crewmembers to offset GHG emissions when they fly. The airline looks for ways to become more fuel efficient and embrace efficient technologies.
JetBlue carries more than 38 million customers a year to 101 cities in the US, Caribbean, and Latin America with an average of 1,000 daily flights.