Aircastle Limited
Climate Impact & Sustainability Data (2022, 2023-03-01 to 2024-02-29)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:5,851,903 tCO2e/year
Scope 1 Emissions:1,548 tCO2e/year
Scope 2 Emissions:61 tCO2e/year
Scope 3 Emissions:5,700,426 tCO2e/year
ESG Focus Areas
- Climate Resilience
- Technology & Innovation
- Business Ethics & Compliance
- Sustainability Strategy & Reporting
- Diversity & Inclusion
Environmental Achievements
- 77% of FY2022 capital expenditure went into high efficiency-low emissions aircraft
- Increased the new technology NBV portion of our fleet by 55%
Social Achievements
- Improved employee engagement from 60% in FY2021 to 66% in FY2022
- Various community investment initiatives (e.g., Thanksgiving food drive, support for local charities)
Governance Achievements
- 100% Board attendance in FY2022
- Annual ethics and anti-corruption training for all employees
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero GHG emissions by 2050
Medium-term Goals:
- Halve the Scope 1 and 2 CO2 emissions of FYE 3/2020 by 2030
Environmental Challenges
- Limited supply and OEM production delays for new technology aircraft
- High cost of Sustainable Aviation Fuels (SAFs)
- Challenges in achieving ambitious sustainability targets due to limited availability of SAFs
Mitigation Strategies
- Investing in new technology aircraft
- Exploring options to offset company business travel
- Augmenting aircraft with latest technologies during routine transitions
Supply Chain Management
Responsible Procurement
- KYC evaluation of supplier and service provider risk
- Adherence to company anti-corruption policies
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI
Reporting Period: 2023-03-01 to 2024-02-29
Environmental Metrics
Total Carbon Emissions:6,656,923 tCO2e/year
Scope 1 Emissions:882 tCO2e/year
Scope 2 Emissions:68 tCO2e/year
Scope 3 Emissions:6,590,295 tCO2e/year
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Community Engagement
- Supply Chain Sustainability
Environmental Achievements
- 73% of FY2023 capital expenditure was on high efficiency-low emissions aircraft.
- Investment commitment to United Airlines Ventures Sustainable Flight Fund to support SAF development.
Social Achievements
- Partnership with PropelHer for mentoring program.
- Support for various community organizations (Orbis International, Airlink, local food banks, etc.).
- Low employee turnover (5%).
Governance Achievements
- 100% Board attendance in FY2023.
- Annual ethics and anti-corruption training for all employees.
- Independent third-party whistle-blower platform.
Climate Goals & Targets
Environmental Challenges
- Limited supply and OEM production delays for new technology aircraft.
- High maintenance costs associated with new technology aircraft.
- High cost and low availability of SAF.
- Maturity and regulation of carbon offsetting market.
Mitigation Strategies
- Investment in fuel-efficient, low-emissions new technology aircraft.
- Investment in the United Airlines Ventures Sustainable Flight Fund to support SAF development.
- Monitoring progress and evaluating possible offset solutions.
- Augmenting aircraft with latest technologies during routine transitions.
Supply Chain Management
Responsible Procurement
- KYC evaluation of supplier and service provider risk.
- Adherence to company anti-corruption policies.
Climate-Related Risks & Opportunities
Transition Risks
- Emissions regulations
- Production limitations of new technology aircraft
- SAF availability and cost
Opportunities
- Investment in new technology aircraft
- Investment in SAF
Reporting Standards
Frameworks Used: GRI Standards