TOP ACES INC.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Extending lifespan of military aircraft fleets contributing to a more circular economy
- Substantial fuel savings compared to traditional military aircraft
- Investment in Live Virtual Constructive (LVC) capabilities to reduce flight frequency
- Implemented centrally controlled thermostats, LED lighting retrofits, and a Hybrid Working Model Policy to reduce energy consumption and emissions
- Implemented responsible waste management practices, including collaboration with third-party entities for hazardous waste disposal and certified vendors for recycling
Social Achievements
- Maintained an unparalleled safety record boasting over 125,000 accident-free flight hours (as of Q1 2024)
- Comprehensive and competitive compensation and benefit packages
- Annual engagement survey and semi-annual pulse survey to gauge employee sentiment
- Robust learning and development opportunities, including access to LinkedIn Learning and a leadership training program
- Implemented Diversity, Equity, and Inclusion (DEI) initiatives, including self-identification surveys, flexible work schedules, and training on interview processes
- Employee Assistance Program (EAP) and wellness resources for Canadian employees and their families
- Community investment program prioritizing support for veterans, active military personnel, and their families
Governance Achievements
- Strong Board oversight with specialized committees (Audit, HR & Compensation, Investment)
- Global Code of Conduct Policy with mandatory training for all employees
- Anti-Corruption Policy with mandatory training and due diligence for third parties
- Substantial investments in cybersecurity infrastructure and pursuit of CMMC Level 2 certification
- Comprehensive data privacy and security measures, including multi-factor authentication, firewalls, and secure vaults
Climate Goals & Targets
Environmental Challenges
- Decarbonizing aviation industry is challenging due to lack of readily available and cost-effective technology solutions
- Stringent security clearance requirements and geographical location limitations affect recruitment pool diversity
- Inherent risks associated with operating fighter aircraft and delivering advanced operational training
Mitigation Strategies
- Exploring opportunities for further fuel burn reductions as new technologies emerge
- Actively pursuing avenues to enhance representation of all designated groups
- Upholding utmost diligence, preparedness, and adherence to safety protocols
- Investing in cybersecurity infrastructure and pursuing CMMC Level 2 certification
- Implementing robust data privacy and security measures
Supply Chain Management
Responsible Procurement
- Rigorous procedures for vendor selection and qualification
- Vendor monitoring process overseen by Quality Assurance
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Advanced Aggressor Mission System (AAMS)
- Live Virtual Constructive (LVC) capabilities