Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Governance

Environmental Achievements

• In fiscal year 2021, Bristow was one of the first vertical lift operators in the U.K. to obtain ISO 14001 certification.
• In fiscal year 2022, Brazil passed an ISO 14001 audit continuing their certification that was obtained in 2018, and we began working to obtain ISO 14001 certification for other operating bases throughout our global footprint.
• Undertaken proactive measures to reduce aircraft emissions and reduce the environmental impact of our operations by monitoring operational practices to reduce our time running the aircraft on the ground, utilizing a fleet of modern and regularly maintained aircraft supported by the latest technologies, such as flight planning software for payload management, and by partnering with our customers to maximize seat utilization, thus reducing the number of flights required.

Social Achievements

• Bristow Uplift program focusing on Education, the Underserved, Health and Wellness, Diversity, and Sustainability.
• Bristow matches certain employee donations to philanthropic organizations around the world.
• Global resources in place to support mental health including an employee well-being portal.

Governance Achievements

• Environmental, Social, and Governance Committee of the Board of Directors oversees sustainability initiatives.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions and inflation
• Energy transition
• Maintaining compliance with covenants in financing agreements
• Attract and retain skilled personnel
• Weather-related and seasonal fluctuations
• Risks related to acquisitions, divestitures, investments, joint ventures and other portfolio actions
• Dependence on a small number of customers
• Governmental agency budget cuts
• Cybersecurity breaches
• Increasing attention to environmental, social and governance matters

Mitigation Strategies

• Developed credit policies that include the review, approval and monitoring of new customers, annual credit evaluations and credit limits.
• Diversification into other aviation services, including SAR services
• ABL Amendment to extend maturity and replace LIBOR
• Safety program, Target Zero
• Global resources in place to support mental health including an employee well-being portal.
• Insurance
• Implementing policies and procedures designed to ensure compliance with anti-corruption laws
• Business continuity plans

Supply Chain Management

Responsible Procurement

• Require all suppliers of aircraft, parts, and components to agree to comply with our Code of Business Integrity.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Extreme weather

Transition Risks

• Reduced demand for services due to energy transition

Opportunities

• Government services contracts
• Offshore wind projects
• Advanced air mobility

Reporting Standards

Frameworks Used: ISO 14001

Sustainable Products & Innovation

• Electric vertical takeoff and landing and short takeoff and landing aircraft

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainable Practices
• Greenhouse Gas Emissions Reduction

Environmental Achievements

• Continues its role in the development and certification of aircraft powered by electric and hybrid propulsion technologies that will create efficiencies and reduce greenhouse gas emissions.

Social Achievements

• Achieved a 50% reduction in Lost Work Cases and a 39% decrease in Total Recordable Incident Rate as compared to the previous year.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Inflation
• Reliance on a limited number of helicopter manufacturers and suppliers
• Reliance on a limited number of customers
• Public health crises
• Inability to execute diversification strategy
• Cyberattacks or security breaches
• Maintaining compliance with financing agreements covenants
• Global and regional changes in oil and gas market conditions
• Fluctuations in demand for services
• Foreign exchange rate changes and controls
• Increased competition
• Aircraft grounding
• Political instability
• Inability to re-deploy aircraft
• Operating risks
• Changes in laws and regulations
• Managing acquisitions and divestitures
• Impairment of long-lived assets
• General economic conditions
• Reductions in spending on aviation services by governmental agencies

Mitigation Strategies

• Increase inventory to mitigate risks related to supply chain constraints
• Geographic and customer diversity to mitigate risks associated with a single market or customer
• Developing and certifying aircraft powered by electric and hybrid propulsion technologies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Electric and hybrid propulsion technologies

Awards & Recognition

• Not disclosed