Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Impact
• Governance

Environmental Achievements

• Zero regulatory non-compliance in audits
• Zero incidents, spills, or transgressions of standards
• Zero notices of violations

Social Achievements

• Financial donations to community organizations, academic institutions, and arts and cultural sectors
• Support for entrepreneurship programs in Canada and women in leadership initiatives
• Funding to Aviation Connection for STEM career opportunities
• Prioritized employee and family safety and health during the COVID-19 pandemic

Governance Achievements

• All employees adhere to a Code of Business Conduct
• Whistleblower Policy in place
• Formal mandates for each Board of Directors committee
• Four women members on the ten-member Board of Directors

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly affected the aerospace industry, reducing passenger traffic and aircraft demand
• Supply chain disruptions due to pandemic-related lockdowns
• Reduced deliveries to civil customers due to decreased aircraft demand
• Need to adapt business model to the new market environment

Mitigation Strategies

• Implemented rigorous health and safety measures in all plants and offices
• Reduced deliveries to key civil customers
• Closed some plants and relocated equipment for efficiency
• Restructured cost base, including workforce reduction
• Disciplined approach to managing costs, working capital, and capital expenditures

Supply Chain Management

Responsible Procurement

• Requiring AS9100 and Nadcap certifications from suppliers

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Converted equipment to renewable energy sources (hydroelectricity) whenever replacing manufacturing equipment or updating processes.
• Installed a new wastewater treatment process at one of its sites to improve the quality of sanitary discharges.
• Introduced new risk management procedures to enhance control and reduction of risks surrounding the use of chemical products.
• Created and awarded the President’s Environmental Awards to three company sites (Spain, Strongsville, and Montreal).

Social Achievements

• Made financial contributions to food banks and organizations promoting a world free of sexual violence.
• Donated to accelerate heart disease research.
• Supported the annual United Way of Greater Montreal (Centraide) fundraising campaign.
• Supported women leadership initiatives by providing funding to Réseau des femmes d’affaires du Québec and Women in Aerospace (WIA).
• Supported initiatives promoting a strong aerospace workforce locally (CAMAQ) and professional development of future aerospace engineers and technicians (ENA).

Governance Achievements

• Adherence to a Code of Business Conduct establishing high ethical standards.
• Implementation of a Whistleblower Policy.
• Adoption of formal mandates for each committee of the Board of Directors, including charters and role descriptions.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting passenger travel and consumer confidence, resulting in lower production rates in the civil aerospace sector.
• Supply chain disruptions due to the COVID-19 pandemic and the Russia-Ukraine conflict.
• Delayed deliveries due to supply chain and production system disruptions.

Mitigation Strategies

• Maintaining agility and adaptability.
• Reinforcing reputation as a trusted partner.
• Improving efficiency and operational discipline.
• Strategic diversification across civil and defence market segments.
• Balancing proprietary products and build-to-print contracts.
• Leveraging strong internal engineering and manufacturing capabilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Ernst & Young LLP