earth
EVA Air’s environmental footprint derives primarily from the energy and resources used in our value chain, as well as the ecosystem of aircraft and ground operations. In response to the global climate emergency, EVA Air has established a climate governance mechanism based on the Task Force on Climate-Related Financial Disclosures (TCFD). After the formal release of the Taskforce on Nature-related Financial Disclosures (TNFD) in September 2023, the TNFD’s processes were integrated in a more comprehension manner. We introduced the concept of ecological footprints into our formulation of environmental footprint management strategies and actions. Our climate action strategies are formulated incorporating the Nature Positive concept.

Climate Risk and Opportunity Significance Identification
With reference to the Task Force on Climate-Related Financial Disclosures (TCFD) framework; the Carbon Disclosure Project (CDP) Climate Risks and Opportunities Project; international aviation industry trends; and international initiatives, sustainable development trends, and GHG emission control measures such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA); the European Union Emissions Trading System (EU ETS); and the United Kingdom Emissions Trading Scheme (UK ETS), EVA Air has identified eight risks and six opportunities related to climate change in the industry.

Climate Risks and Opportunities



Transition Risk

Physical Risks

Opportunities

R1 Carbon Emissions Regulations in the Aviation Industry R6 Increased Severity/Frequency of Extreme Weather Events (e.g., Typhoons/Floods) O1 Developing/Expanding Low-Carbon Aviation Services
R2 Carbon Pricing Mechanisms O2 Providing Low-carbon Transport Services
R3 Low-carbon Transition Costs of Aviation and Operating Sites R7 Average Temperatures Rise O3 Developing Climate Adaptation Program for Aviation Industry
O4 Participating in Carbon Emission Trading Market
R4 Rising Sustainable Raw Material Costs R8 Rainfall (Water) Pattern Changes & Long-Term/Extreme Climate Changes O5 Using Sustainable Aviation Fuel
R5 Consumer Preference for Low-carbon Travel O6 Improving Fuel Efficiency Operating Modes

Identifying Dependence and Impact on Nature
The dependence and impacts on nature, and the risks and opportunities were analyzed through the four-phase LEAP approach: Locate, Evaluate, Assess, and Prepare. Additionally, the Biodiversity Risk Filter tool developed by the World Wide Fund for Nature (WWF) was also adopted to assess dependence and impacts on nature in the Company’s business operations and value chain. Furthermore, information on policies, laws and regulations, and international initiatives related to the value chain was also collected to analyze potential nature-related risks and opportunities.

Natural Dependence/Impact Driver Matrix



Activities Categories

Sub-industry(ies)

Ranks

Aviation Fuel General oil/natural gas companies 1
Aircraft Maintenance & Parts Aerospace & defense 4
Ground Handling Airport services 5
Cabin Service Supplies & Catering Food distribution 7
Packaged foods and Meat 3
Textiles 2
Operation Maintenance & General Affairs Diverse support services 8
Company’s Operations Airline 5