Air France 2007 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2007 Air France annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 75

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75

58
2006-07
Sustainable development
CM-CIC Securities, which has included socially
responsible investment in its overall approach
since 2002, is the investment business of the
Crédit Mutuel Center East Europe group, a member
of the multi-local European Securities Network.
The new challenge for air transportation is climate
change. The inclusion of airlines in the European
Emissions Trading Scheme in 2011 is intended to
encourage them to reduce their emissions.
Air France-KLM is one of the best in its sector
with significant investment in fleet renewal aimed
at both reducing CO2emissions and containing
noise disturbance. On the social level,
Air France-KLM’s efforts to maintain a high level
of employee dialogue, promote gender equality
and integrate the disabled into the work place
are all worth highlighting, together with the
establishment of an employee shareholder
scheme. In our view, all of these
elements make Air France-KLM
eligible for SRI funds.
Marie Luchet
Analyst specialized in Socially Responsible
Investment at CM-CIC Securities