Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Zero Emissions

Environmental Achievements

• Partnered with FLYINGGROUP to integrate zero-emission VX4 aircraft into their fleet, offering a sustainable alternative for regional air mobility.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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

• VX4 electric aircraft

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Aviation
• Decarbonization of Air Travel

Environmental Achievements

• Achieved Design Organisation Approval (DOA) from the UK Civil Aviation Authority for its VX4 aircraft, signifying a commitment to designing safe and reliable zero-emission aircraft.

Social Achievements

• Partnered with Japan Airlines (JAL) and Marubeni Corporation for VX4 pre-orders, contributing to economic development and job creation in the aerospace sector.
• Collaboration with multiple aviation regulators (UK, Europe, USA, Japan) to ensure international compliance and market access.

Governance Achievements

• Successfully completed a rigorous assessment by the UK CAA to obtain DOA, demonstrating compliance with high safety and quality standards.

Climate Goals & Targets

Environmental Challenges

• Securing necessary certifications from multiple international aviation regulators.
• Meeting stringent safety and performance requirements for a novel aircraft type.

Mitigation Strategies

• Close collaboration with four aviation regulators (UK, Europe, USA, Japan) to streamline the certification process.
• Building a strong team of experienced engineers and leveraging partnerships with leading aerospace companies.

Supply Chain Management

Responsible Procurement

• Partnerships with established aerospace suppliers (Rolls-Royce, Honeywell, Leonardo, GKN Aerospace)

Climate-Related Risks & Opportunities

Opportunities

• Development of zero-emission aircraft

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

The development and deployment of the VX4 eVTOL aircraft directly contributes to these goals by promoting sustainable transportation, fostering technological innovation, and reducing greenhouse gas emissions.

Sustainable Products & Innovation

• VX4 eVTOL aircraft

Environmental Metrics

ESG Focus Areas

• Zero emission aviation
• Safety
• Sustainability

Environmental Achievements

• Developed proprietary batteries and propellers designed for low noise and optimized for eVTOLs

Social Achievements

• Attracted world-class aerospace professionals; appointed new board members with expertise in finance and strategic marketing; maintained industry-leading capital efficiency with an H1 2024 operating loss of £20 million ($25 million).

Governance Achievements

• Appointed Stuart Simpson as CEO and Vincent Casey to rejoin the board; expanded Design Organisation Approval (DOA) scope with the UK Civil Aviation Authority (CAA)

Climate Goals & Targets

Environmental Challenges

• Need to raise capital to fund future operations; mutually agreed to exit Rolls-Royce’s contract to design an Electric Propulsion Unit (EPU)

Mitigation Strategies

• Received $34 million from Rolls-Royce; working with other EPU suppliers; awarded an £8 million ($10 million) UK Government grant; received $25 million from Imagination Aero Investments Ltd.; in discussions regarding potential third-party investment

Supply Chain Management

Responsible Procurement

• Partnering with leading aerospace companies including GKN, Honeywell and Leonardo

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Developing zero-emission aviation contributes to these goals.

Sustainable Products & Innovation

• VX4 eVTOL aircraft