JHSF cuts Catarina Airport emissions intensity by 85%
The company beat its 2030 target five years early and adopted CBPS sustainability standards.
JHSF voluntarily published its 2025 sustainability-related financial information report, becoming one of only eight Brazilian companies to adopt the local CBPS 01 and CBPS 02 standards. The company is the only player in its operating sectors to publish under this framework.
The 41-page document shows that São Paulo Catarina Aeroporto Executivo Internacional reduced its Scope 1 and Scope 2 carbon emissions intensity by about 85% in 2025 compared with 2021. The operational result beat its initial 2030 target of a 37.8% reduction five years ahead of schedule. Scope 1 direct operational emissions totaled 9,007.2 metric tons of CO2 equivalent, while Scope 2 energy emissions reached 1,633.71 metric tons under the location-based method and 1,318.59 metric tons under the market-based method.
The company evaluated climate risks across three time horizons: 2026, 2030, and 2050. In 2025, 35.6% of assessed assets and activities faced physical climate risks. JHSF stated that mitigation mechanisms reduce economic exposure by 80% to 94% below gross levels. Transition risks include potential increases in electricity and fossil fuel costs, which the firm continues to monitor without an estimated impact in Brazilian reais.
During 2025, JHSF spent approximately BRL 2.7 million on initiatives covering efficiency, water security, carbon management, infrastructure, and renewable energy. The replacement of cooling towers at Shopping Cidade Jardim alone cost roughly BRL 900 thousand. Electricity consumption intensity fell 17.6% in 2025 against 2022, surpassing the 10% reduction goal. Its Sustenta renewable energy program reached 65% of eligible assets, aiming for 100% by 2030.
CEO Augusto Martins noted that the expansion of JHSF in recent years comes with a commitment to sustainable performance, advancing the mapping, management, and valuation of climate impacts while maintaining investment in new assets. Since 2024, direct employees from analysts to directors have sustainability goals tied to variable compensation, with environmental, climate, social, and governance pillars accounting for 15% of those metrics.
Newsletter
Markets in your inbox, weekly
LATAM-focused analysis, investing ideas, and the week in finance.