LATAM Airlines Group SA

Common Name
LATAM Airlines Group
Country
Chile
Sector
Industrials
Industry
Airlines
Employees
39,657
Ticker
LTM
Exchange
SANTIAGO STOCK EXCHANGE
Description
LATAM Airlines Group S.A. is a leading airline holding company in Latin America, operating passenger and cargo air services across a vast network. Formed by the merger of Chile's LAN Airlines and Braz...

LATAM Airlines Group's GHG Emissions Data Preview

In 2023, LATAM Airlines Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

LATAM Airlines Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind LATAM Airlines Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore LATAM Airlines Group’s data sources below and access millions more through our Disclosure Search.

a. LATAM Airlines Group's Annual Report 2023
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Insights into LATAM Airlines Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of LATAM Airlines Group amounted to 11,529,637 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of LATAM Airlines Group increased by 17.8%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

LATAM Airlines Group's Scope 1 Emissions Over Time

2019202020212022202303.5 M7 M10.5 M14 MtCO2e-54%+16%+51%+18%
  • Total Scope 1
  • Year-over-Year Change

What are LATAM Airlines Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of LATAM Airlines Group were 11,524,420 metric tons of CO₂ equivalent (tCO₂e). a

Has LATAM Airlines Group reduced its Scope 1 emissions over time?

Since 2019, LATAM Airlines Group's Scope 1 emissions have decreased by 5.15%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), LATAM Airlines Group's Scope 1 emissions increased by 17.83%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are LATAM Airlines Group's Scope 2 emissions?

In 2023, LATAM Airlines Group reported Scope 2 greenhouse gas (GHG) emissions of 5,217 tCO₂e using the location-based method. a

Has LATAM Airlines Group reduced its Scope 2 emissions over time?

Compared to the previous year (2022), LATAM Airlines Group's Scope 2 emissions (Location-Based) fell by 27.03% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does LATAM Airlines Group use for Scope 2 reporting?

In 2023, LATAM Airlines Group reported its Scope 2 emissions using the location-based method. a

LATAM Airlines Group's Scope 2 Emissions Over Time

202020212022202304.5 k9 k13.5 k18 ktCO2e
  • Total Scope 2 Location-Based

Insights into LATAM Airlines Group's Value Chain Emissions

In 2023, LATAM Airlines Group reported 3,094,768 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of LATAM Airlines Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

LATAM Airlines Group's Scope 3 Emissions Over Time

20202021202220230800 k1.6 M2.4 M3.2 MtCO2e-90%+130657%-3%
  • Total Scope 3
  • Year-over-Year Change

What are LATAM Airlines Group's Scope 3 emissions?

In 2023, LATAM Airlines Group reported total Scope 3 emissions of 3,094,768 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), LATAM Airlines Group's Scope 3 emissions remained relatively stable, indicating that LATAM Airlines Group 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does LATAM Airlines Group disclose?

In 2023, LATAM Airlines Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of LATAM Airlines Group's Scope 3 emissions?

In 2023, the largest contributors to LATAM Airlines Group's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 2,390,446 tCO₂e (77.24%)
  • Purchased Goods and Services (Cat. 1): 380,599 tCO₂e (12.3%)
  • Capital Goods (Cat. 2): 251,032 tCO₂e (8.11%)

LATAM Airlines Group's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(8.1%)Fuel- andEnergy-RelatedServices (Cat. 3)(77.2%)Purchased Goods andServices (Cat. 1)(12.3%)

Insights into LATAM Airlines Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, LATAM Airlines Group reported Scope 1 greenhouse gas (GHG) emissions of 11,524,420 tCO₂e and total revenues of USD 11,641 millions. This translates into an emissions intensity of 990.02 tCO₂e per millions USD. a

LATAM Airlines Group's Scope 1 Emissions Intensity Compared to Peers

50,000500,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)CCCCopa HoldingsYear: 2023Scope 1: 3,136,351 tCO2eRevenue: $M 3,457Scope 1 Intensity: 907.25 tCO2e/$MAmerican Airlines GroupYear: 2023Scope 1: 37,533,000 tCO2eRevenue: $M 52,788Scope 1 Intensity: 711.01 tCO2e/$MIAGYear: 2024Scope 1: 27,200,000 tCO2eRevenue: $M 28,819Scope 1 Intensity: 943.83 tCO2e/$MInterglobe AviationYear: 2023Scope 1: 6,789,520 tCO2eRevenue: $M 6,530Scope 1 Intensity: 1,039.82 tCO2e/$MCathay Pacific AirwaysYear: 2023Scope 1: 11,574,068 tCO2eRevenue: $M 12,100Scope 1 Intensity: 956.57 tCO2e/$MAir CanadaYear: 2023Scope 1: 11,365,466 tCO2eRevenue: $M 16,492Scope 1 Intensity: 689.16 tCO2e/$MSkyWestYear: 2023Scope 1: 4,960,304 tCO2eRevenue: $M 2,935Scope 1 Intensity: 1,689.80 tCO2e/$MStarlux AirlinesYear: 2023Scope 1: 589,857 tCO2eRevenue: $M 733Scope 1 Intensity: 805.22 tCO2e/$MSingapore AirlinesYear: 2024Scope 1: 15,063,013 tCO2eRevenue: $M 14,096Scope 1 Intensity: 1,068.60 tCO2e/$MAir ChinaYear: 2023Scope 1: 22,608,000 tCO2eRevenue: $M 19,854Scope 1 Intensity: 1,138.73 tCO2e/$MRyanair HoldingsYear: 2024Scope 1: 15,377,020 tCO2eRevenue: $M 14,512Scope 1 Intensity: 1,059.62 tCO2e/$MGOLYear: 2023Scope 1: 3,081,852 tCO2eRevenue: $M 3,871Scope 1 Intensity: 796.19 tCO2e/$MQantas AirwaysYear: 2024Scope 1: 11,456,418 tCO2eRevenue: $M 14,418Scope 1 Intensity: 794.60 tCO2e/$MEva AirwaysYear: 2023Scope 1: 6,501,992 tCO2eRevenue: $M 6,531Scope 1 Intensity: 995.53 tCO2e/$MHainan Airlines HoldingYear: 2023Scope 1: 9,284,676 tCO2eRevenue: $M 8,251Scope 1 Intensity: 1,125.26 tCO2e/$MChina Eastern AirlinesYear: 2023Scope 1: 20,124,649 tCO2eRevenue: $M 16,004Scope 1 Intensity: 1,257.47 tCO2e/$MJetBlue AirwaysYear: 2021Scope 1: 6,853,927 tCO2eRevenue: $M 6,037Scope 1 Intensity: 1,135.32 tCO2e/$MKorean Air LinesYear: 2023Scope 1: 11,852,913 tCO2eRevenue: $M 12,609Scope 1 Intensity: 940.06 tCO2e/$MAlaska Air GroupYear: 2022Scope 1: 6,932,553 tCO2eRevenue: $M 9,646Scope 1 Intensity: 718.70 tCO2e/$MChina Southern AirlinesYear: 2023Scope 1: 25,696,200 tCO2eRevenue: $M 22,503Scope 1 Intensity: 1,141.90 tCO2e/$MLATAM Airlines GroupYear: 2023Scope 1: 11,524,420 tCO2eRevenue: $M 11,641Scope 1 Intensity: 990.02 tCO2e/$M

How does LATAM Airlines Group's GHG emissions intensity compare to its peers?

In 2023, LATAM Airlines Group reported a Scope 1 emissions intensity of 990.02 tCO₂e per millions USD. Compared to the peer group median of 976.05, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does LATAM Airlines Group rank on GHG emissions intensity within its industry?

In 2023, LATAM Airlines Group ranked 11 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

LATAM Airlines Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into LATAM Airlines Group's Total Carbon Footprint

In 2023, LATAM Airlines Group reported a total carbon footprint of 14,624,405 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.62% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to LATAM Airlines Group's total carbon footprint was Scope 1 emissions, accounting for 78.8% of the company's total carbon footprint, followed by Scope 3 emissions at 21.16%. a

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