Allegiant Travel Company partners with Schneider Electric to set ESG goals

Posted 04/29/22

Proposed by Schneider-Electric

  • Allegiant hires Schneider Electric to develop an ESG program
  • Partnership will result in Allegiant’s first ESG report to communicate the company’s sustainability journey

LAS VEGAS, April 29, 2022 /CSRwire/ — Allegiant Travel Company, an integrated travel agency with an airline at its heart, and Schneider Electric, the global leader in digital transformation of travel management and automation energy, announced a partnership agreement to help Allegiant develop an environmental, social and governance (ESG) program.

“As one of America’s most successful airlines, Allegiant recognizes our responsibility to continuously deliver value in a sustainable way for our shareholders, employees, customers, communities and the planet” , said John Redmond, chairman and newly appointed. successor CEO of Allegiant Travel Company. “That’s why we’re working with Schneider Electric to identify ways to accelerate ESG initiatives across our business and ultimately become a more sustainable travel provider.”

Allegiant operates more than 600 routes on a network covering more than 130 cities. The company has identified more than 1,400 additional routes for growth over the next decade. A comprehensive ESG strategy will help innovate new creative solutions to mitigate the impact of long-term growth.

As part of this three-year partnership, Schneider Electric will help Allegiant design and implement a holistic ESG program including:

  • Identify and prioritize relevant ESG topics through a materiality assessment

  • Establish ESG objectives and plans to achieve environmental objectives

  • Developed an inaugural ESG report referencing Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks and laying the foundation for reporting in line with the Task Force on Climate-Related Financial Disclosures (TCFD) )

  • Provide ongoing carbon reporting of Scope 1, 2, and 3 greenhouse gas (GHG) emissions using Schneider Electric’s EcoStruxureTM Resource Advisor

  • Support the company’s communication efforts around its ESG program

“We are honored to partner with Allegiant to help them build a more coordinated and comprehensive ESG strategy,” said Steve Wilhite, president of the sustainability business at Schneider Electric. “With their commitment to connecting the people, places and experiences that matter most, sustainability is a natural fit into Allegiant’s long-term business strategy. We are excited to help them build a resilient business that also fights the effects of climate change. »

Allegiant has recently made investments in several areas related to ESG. This includes the following initiatives:

  • Environment

    • Agreement to purchase 50 Boeing 737s, with options to purchase another 50 – Boeing planes burn up to 20% less fuel than the company’s existing fleet

    • Continue to enforce a low utilization strategy, matching deployed capacity to the demand environment, resulting in higher load factors in a normal operating environment

  • Social

    • Sponsored Girls in Aviation Day in partnership with Women in Aviation Las Vegas

    • Provide free office space to Make-a-Wish of Southern Nevada on the Allegiant Corporate Campus

    • Resumption of in-kind trips for Make-a-Wish children and their families at the end of 2021

    • Donated a portion of proceeds from sales of pink in-flight refreshments in October to the National Breast Cancer Foundation

    • Continue to embed the values ​​of diversity and inclusion into company culture through policies, programs and best practices established by the Allegiant Diversity and Inclusion Council

  • Governance

    • Seeking greater diversity on boards, resulting in a 25% female and 12.5% ​​racially diverse board

    • Selection of AWS as preferred cloud provider to ensure greater security and reliability of its IT infrastructure

    • Separation of the roles of President and CEO, effective June 2022

Further information on Allegiant’s ESG progress is available in the company’s 10-K filing and will be disclosed in the proxy statement, as well as in the company’s inaugural ESG report to be released later. This year. Allegiant will leverage Schneider Electric’s communication services to provide proactive and transparent disclosure of sustainability progress.

About Allegiant

Based in Las Vegas, Allegiant (NASDAQ:ALGT) is an integrated travel agency with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has connected travelers from small and mid-sized cities to world-class vacation destinations with nonstop flights and some of the lowest average fares in the industry. Today, Allegiant’s fleet serves communities across the country, with base airfares less than half the cost of an average domestic round-trip ticket. For more information, visit us at Allegiant.com.

About Schneider Electric

Schneider’s goal is to empower everyone to make the most of our energy and resources, combining progress and sustainability for all. We call it Life Is On.

Our mission is to be your digital partner for sustainability and efficiency.

We drive digital transformation by integrating cutting-edge process and energy technologies, endpoint-to-cloud connection products, controls, software and services across the lifecycle, enabling integrated management of enterprise, for homes, buildings, data centers, infrastructure and industries.

We are the most local of the global companies. We are advocates of open standards and partnership ecosystems who are passionate about our shared values ​​of Meaningful Purpose, Inclusion and Empowerment.

www.se.com

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Schneider Electric is a European multinational providing digital energy and automation solutions for efficiency and sustainability.

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