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Air France - KLM 2007/2008 Corporate Social Responsibility Report

For More Information
To learn more about how we score, what topics are considered in the evaluation, and what score we assigned in each topic, click here: View the completed PSI scoring sheet

Analyst Comments
Air France-KLM’s 2007-2008 Corporate Responsibility Report communicates the company’s awareness of environmental issues, such as global warming, the preservation of biodiversity, and the conservation of ecosystems. On board its aircraft, it is making small but significant changes towards becoming more sustainable. It has converted the majority of the paper-based log books and documentation forms used in the cockpit to electronic log books. It is also using lighter pallets to reduce aircraft weight, and therefore decrease fuel usage. The company is incorporating more biodegradable packaging materials, and offering fair-trade coffee and chocolate. Including discussion of other environmental and social topics, explicit numerical goals, and reporting of any improvement between the current and previous year performance would have improved Air France-KLM’s overall PSI scores. Analyzed by Olivea Omalara Fayola Callender-Scott, and posted to the web on 3/3/2009.

Company Description
It's blue skies ahead for Air France, one of two main subsidiaries of Europe's leading airline company, Air France-KLM. KLM and Air France operate independently from their respective hubs in Paris and Amsterdam, but the carriers are working to coordinate their businesses. Air France flies to about 180 destinations worldwide with a fleet of more than 380 aircraft - including some 130 that are devoted to regional operations. Along with KLM, Air France extends their worldwide networks as members of the SkyTeam alliance, which also includes carriers such as Alitalia, Delta Air Lines, Korean Air Lines, and Northwest Airlines. The holding company Air France-KLM was formed when Air France bought KLM in 2004. Since the acquisition, the two airlines have managed to achieve considerable savings by combining aspects of their operations. The carriers' frequent flier programs have been brought together as Flying Blue, and their cargo businesses have been combined as Air France-KLM Cargo. In addition, Air France and KLM are saving money by working together on aircraft maintenance. Over the longer term, savings are expected to come from initiatives such as the integration of the carriers' IT systems. http://premium.hoovers.com/subscribe/co/overview.xhtml?ID=ffffcytsfhftrxhhrf

Overall Scores

The letter grades reported below are based on all reports irrespective of year of the same sector in the database and may be slightly different from the grades in the individual sector reports, which are based on scores of companies in just that report.

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