AVIA SOLUTIONS GROUP (ASG) PLC
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- climate change
- diversity
- governance
- human rights
- bribery and corruption
- employee well-being
- safety
Social Achievements
- Prioritizes employee well-being and safety, fostering a diverse and inclusive workplace culture.
Governance Achievements
- Maintains a zero-tolerance policy towards bribery and corruption, adhering strictly to anti-corruption laws and regulations, and promoting ethical conduct in all business dealings.
Environmental Challenges
- Strategic risks arising from adverse or erroneous business decisions.
- Changes in the legal regulation of the Group's activities.
- Competition with other market players.
- Currency exchange rate fluctuations.
- Safety, Health, and Environmental (SHE) risks.
- Economic downturn.
- Financial risks (market risk, credit risk, liquidity risk).
Mitigation Strategies
- Constant monitoring of strategic risks.
- Legal department manages legal compliance risks.
- Profit protection plans, including control on operating working capital.
- Strict safety policies to mitigate SHE risks.
- Constant market monitoring and decisions to increase competitiveness.
- Treasury Management Policy to minimize adverse effects of financial market unpredictability.
- Matching receipts and payments in individual currencies to reduce foreign exchange exposure.
- Credit terms and monitoring procedures to control credit risk.
- Maintaining sufficient cash and funding availability through other group companies for liquidity risk management.
Supply Chain Management
Responsible Procurement
- Suppliers Code of Conduct