Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Reduced fuel consumption by nearly 10% through FLIGHTKEYS 5D flight management system.
• Removed over 90% of single-use items across its fleet.
• Committed to carbon neutrality by 2025.

Social Achievements

• No redundancies during the COVID-19 pandemic.
• Provided mental health support and extra training sessions to employees.
• Investing in emission reduction projects that contribute to local communities.

Governance Achievements

• Published its first TCFD-aligned report in 2021.
• Integrated climate action across several levels, including the executive committee, and a designated Sustainability department.
• Undertook a greenhouse gas (GHG) accounting audit since 2019 and repeats this exercise on an annual basis.

Climate Goals & Targets

Environmental Challenges

• Insufficient supply and high prices of SAF compared to JetA1 fuel.
• Growth in private jet sector despite climate change urgency.
• Managing climate-related risks (high temperatures, coastal flooding, convective weather, clear air turbulence, biofuel price fluctuations, future change in demand for flights, and exposure to carbon pricing schemes).

Mitigation Strategies

• Investing in and promoting the use of Sustainable Aviation Fuel (SAF).
• Improving fleet management and optimizing routes to reduce fuel consumption.
• Encouraging early flight bookings for efficient routing.
• Using a fleet-sharing model to maximize jet usage.
• Utilizing the most technologically advanced aircraft (Global 7500) with an Environmental Product Declaration.
• Compensating 100 percent of emissions with carbon credits.
• Implementing emission reduction target by 2025.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• High temperatures in Europe, Asia and North America
• Coastal flooding in North America and Europe
• Convective weather (thunderstorms, hail and lighting) in North America and Europe
• Clear air turbulence in North America

Transition Risks

• Fluctuations in biofuel prices
• Future change in demand for flights
• Exposure to carbon pricing schemes

Opportunities

• Emerging technologies may increase fuel efficiency and reduce CO2 emissions

Reporting Standards

Frameworks Used: TCFD, GHG Protocol