Hungarian low-cost carrier Wizz Air has been named the Most Sustainable Low-Cost Airline for the third consecutive year at the World Finance Sustainability Awards 2023.

World Finance praised Wizz Air’s sustainability credentials and its commitment to further emissions reductions. The judging panel recognized the airline’s investment in technology, the renewal of its aircraft fleet, fuel efficiency initiatives as well as sustainable aviation fuel (SAF) partnerships, including investments in research and development, and exploration into hydrogen-powered aircraft with Airbus.

Now in its fifth year, the World Finance Sustainability Awards, organised by finance Magazine, celebrate businesses putting sustainability at the forefront of operations. The award categories cover thirty industry segments, from healthcare and digital currency to aviation.

Welcoming the prize, Yvonne Moynihan, Corporate & ESG Officer, said: “This award is a testament to the hard work and dedication of our Wizz team, are committed to the Group’s environmental stewardship by ensuring we remain industry leaders in sustainability and leading the way in the low-cost aviation sector.”

Monika Wojcik from World Finance said: “Finance Magazine recognises companies that are actively committed to making significant changes in the areas of environment, society, and corporate governance. We were particularly impressed by Wizz Air’s achievement to become an airline with outstanding credentials regarding sustainability position by continued investment in the latest technology and a continuous improvement to reduce the carbon footprint per passenger traveling on the airline planes”.