Spirit Airlines Inc.
10/18/2021 | Press release | Distributed by Public on 10/18/2021 13:32
Spirit Airlines Issues Inaugural Sustainability Report
The 2020 report is an overview of Spirit's environmental, social and governance (ESG) practices covering the period from January 1 to December 31, 2020
Click here to view the report
MIRAMAR, Fla., Oct. 18, 2021 - Spirit Airlines, Inc. (NYSE: SAVE) shared its 2020 Sustainability Report, showcasing results of the airline's longstanding commitment to meaningful advancements in environmental sustainability, Guest and community service, Team Member support, and governance. Despite the global impact of COVID-19, Spirit remained dedicated to integrating environmental, social, and governance (ESG) practices into its business. The report highlights Spirit's plans for continued progress in broadening ESG initiatives and improving communities and society at large.
"Publishing our first Sustainability Report is an important step forward in explaining Spirit's commitment to ESG efforts and how that philosophy increases the sustainability and resiliency of our company," said President and CEO Ted Christie. "We believe operating our business in a sustainable manner will benefit our Guests, Team Members, investors, and the communities we serve. We also believe building a workplace that celebrates and promotes diversity, equity, inclusion, and belonging, creates an environment where we can drive positive change."
Spirit's Board of Directors recognizes the increasing importance of ESG to the company, its future, and its stakeholders, and has amended the charter of its Nominating and Corporate Governance Committee to express the importance of developing continuous ESG strategy and practices.
Spirit's 2020 Sustainability Report focuses its reporting disclosures on four priority areas:
Environment
The airline operates one of the most fuel-efficient fleets in the world and does so in an environmentally conscious manner that benefits its Guests, Team Members, investors, and the communities it serves, all while helping to limit its negative impact over the long term. In 2020, Spirit advanced its commitment to cultivating environmental awareness by adopting an Environmental Policy that communicates expectations to Team Members and business partners. Protecting the environment is also one of the three designated pillars of The Spirit Charitable Foundation.
Social
Spirit aims to build human rights awareness, actively encourage its Team Members to help people and communities in need and attract a diverse pipeline of talent for Spirit and the aviation/aerospace industry. The company's recently adopted Human Rights Policy Statement reaffirms Spirit's commitment to respecting and upholding the human rights of its Guests, Team Members, and business partners.
Workforce
By establishing a workplace that celebrates and promotes diversity, equity, inclusion, and belonging, Spirit continuously promotes Team Member engagement and creates an environment that drives positive change. Spirit is dedicated to recruiting, retaining, and engaging a diverse workforce and maintaining a fair and welcoming workplace that inspires its Team Members to succeed.
Governance
Spirit adheres to strong corporate governance principles while incorporating best practices to guide its corporate behavior and actions. The company's commitment to ethics benefits its shareholders, Guests, Team Members, and the communities it serves. The airline's Code of Business Conduct and Ethics further outlines Spirit's ethical commitments.
With a focus on these four topics, Spirit strives to advance its positive impact on the industry and reaffirm its promise to operate a responsible and resilient airline.
About Spirit Airlines:
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose - like bags, seat assignments and refreshments - something we call À La Smarte®. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities. Come save with us at spirit.com.