Funding led by Societe Generale, which acts as a global regulator, sustainable constructor, agent and trustee; First application of the sustainability-related concept in Ex-im guarantee financing, the largest aircraft-backed sustainability-related loan on the market and the first loan approved by an independent ESG (Environmental-Social) second-party statement.
Financial conditions are linked to Pegasus Airlines' goals in two key sustainability indicators: the carbon intensity of flights and the gender balance in management positions. Committed to zero carbon emissions by 2050, Pegasus; utilizes fleet optimization, operational efficiency and sustainable jet fuels to achieve its environmental goals. It will continue to strengthen its position in this regard, reinforcing its long-term commitments to support gender balance in order to achieve its gender equality goals.
Pegasus Airlines Vice President Barbaros Kubatoğlu said, "We are proud to be the pioneers of this innovative process in the world. We have set ambitious targets." We are also happy to add a sustainability link to our Ex-Im guaranteed loan through UK Export Finance. With this agreement, we reaffirm our commitment to our long-term carbon emissions targets and gender equality. He continued: "It was especially important for us to consider both environmental research and social enterprise goals in this unique store. We are proud to lead this innovation process around the world while fulfilling our sustainability and social responsibilities."
