As a company with a large fleet, fuel consumption is responsible for the majority of our greenhouse gas emissions, accounting for 87% of our total emissions. We are committed to actively monitoring and reviewing our fuel usage and taking steps to decarbonise our fleet in line with our sustainability targets. To achieve this goal, we have developed a long-term fleet electrification plan, with the aim to electrify our fleet by phase.
By the end of 2023, we had replaced all private vehicles that operate at the airside with electric models and phased out 95 pieces of diesel-powered equipment, including conveyor belts, low deck loaders, and passenger steps. This initiative is expected to save almost 2,000 tonnes of carbon emissions annually.
For equipment without an electric option currently available on the market, we actively review options every quarter and utilise the most fuel-efficient routing possible to minimise fuel use. We recognise that the transition to electric vehicles and equipment will take time, but we are committed to making progress towards our goal. Moving forward, we will continue to decarbonise our fleet through the implementation of the GSE and Vehicle Replacement Programme. This will modernise our fleet with more fuel-efficient or electric vehicles. We are dedicated to reducing our carbon footprint and are proud to be taking steps towards a more sustainable future.
Ms. Agatha Lee, Chief Executive Officer