Wheels Up
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Optimizing the right plane for the right mission; better utility and efficiency, better environment
Social Achievements
- Wheels Up Cares program; Meals Up program (raised equivalent of 70 million meals for Feeding America)
Governance Achievements
- Focus on diversity and inclusion in executive leadership and board of directors; Up Together DEI strategy
Climate Goals & Targets
Environmental Challenges
- Fragmented industry with underutilized assets; lagging technology; lack of connection between supply and demand; limited market penetration due to inaccessibility and price
Mitigation Strategies
- Building a technology platform to connect supply and demand; developing a membership program with various tiers; introducing dynamic pricing with capped rates; expanding fleet through acquisitions and partnerships; implementing safety vetting and verification processes for third-party vendors; building in-house maintenance capabilities