StandardAero
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:41,615 MT/CO2e (Scope 1) + 43,875 MT/CO2e (Scope 2) = 85,490 MT/CO2e (2023)
Scope 1 Emissions:41,615 tCO2e/year
Scope 2 Emissions:43,875 tCO2e/year
Total Energy Consumption:15,500+ MWh (renewable energy contracts)
Waste Generated:1870 metric tonnes (hazardous waste)
ESG Focus Areas
- Product Quality and Flight Safety
- Employee Health & Safety
- GHG Emissions
- Anti-bribery & Corruption
- Diversity, equity, & inclusion
- Data security
- Energy
- Waste (hazardous)
- Waste (non-hazardous)
- Community engagement
- Supplier management
- Employee Engagement
- Water & wastewater
Environmental Achievements
- Developed a greenhouse gas inventory and decarbonization roadmap.
- Secured contracts for 100% renewable energy totaling more than 15,500 megawatt hours (MWh).
- Added 4,000 MWh of solar power at Springfield, IL site.
- Completed 64 GreenERmro™ continuous improvement projects, estimated to avoid $1M annually.
- Implemented efficiency improvements in engine test cells.
- Reduced Scope 1 and Scope 2 emissions by 11% compared to 2019 baseline despite increased employee hours.
Social Achievements
- Awarded safety coins to 125 employees and contractors for identifying and mitigating risks.
- Completed 171 continuous improvement projects related to health and safety.
- Implemented employee professional and leadership development programs (SOAR, ASCEND, F.L.E.E.T.) training over 100 employees.
- Partnered with educational institutions to provide on-the-job training and support.
- Participated in community engagement activities like Basura Bash.
Governance Achievements
- Established an ESG Committee comprised of executive leadership.
- Implemented a robust information security program based on defense in depth, least privilege, and separation of duties.
- Maintained a comprehensive Ethics Program including a Code of Ethics, Code of Conduct, and Whistleblower Hotline.
- Completed 140 continuous improvement projects to improve customer satisfaction and reduce costs related to product quality and flight safety.
Climate Goals & Targets
Long-term Goals:
- Reach net-zero carbon by 2050.
Short-term Goals:
- Reduce direct (Scopes 1 and 2) greenhouse gas emissions by 45% by 2030.
Environmental Challenges
- Extreme weather events
- Water scarcity
- Changes in policy and regulations
- Shifts in consumer demand
- Technological advancements
- Reputation damage
Mitigation Strategies
- Developing and implementing business continuity plans.
- Establishing relationships with critical suppliers.
- Implementing water recycling infrastructure.
- Monitoring and engaging in policy and regulatory developments.
- Investing in R&D for low-carbon products and services.
- Implementing GreenERmro™ projects.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme Weather Events
- Water Scarcity
Transition Risks
- Changes in policy and regulations
- Shifts in consumer demand
- Technological advancements
Opportunities
- Development of energy-efficient products and services
- New propulsion technologies
- Sustainable Aviation Fuel
Reporting Standards
Frameworks Used: SASB, TCFD
Certifications: ISO 9001, AS 9110, ISO 14001, ISO 45001
Sustainable Products & Innovation
- Support for LEAP engine MRO services (lower fuel consumption and emissions)
- Support for Boom Supersonic Overture aircraft (designed for net-zero carbon operations)
- Positioning to provide services for hybrid-electric, battery-electric, and hydrogen-electric propulsion
Awards & Recognition
- Manitoba Top 100 Employers
- Pinnacle Sustainability Champion (San Antonio, TX)
- Top Shop Awards (Best Engine Overhaul Repair and Best Fuel Systems and Fuel Accessories Repair)