FIGEAC AÉRO
Climate Impact & Sustainability Data (2019, 2021-04-01 to 2021-03-31, 2024-01-09 to 2028-03-31)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Reduced waste volume through oil usage limitation and aluminum cutting compactor installation.
- Water recycling to limit water usage and groundwater pollution risk.
Social Achievements
- Implementation of a "5S approach" and QRQC procedure to improve workplace safety and accident prevention.
- Launched a prevention campaign to emphasize safety behavior since 2014.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Industrial and environmental risks (fire, soil/groundwater pollution, workplace accidents).
- Credit and counterparty risks (customer and supplier defaults).
- Operational risks (economic downturn, market cycles, production delays, quality control issues, raw material risks, customer dependency, competition).
- Geopolitical risks (political instability in overseas operations).
- Liquidity risk (financing needs for growth and investment).
- Market risks (interest rate and currency fluctuations).
- Legal risks (intellectual property protection, information security, litigation).
Mitigation Strategies
- Continuous improvement of fire protection, preventive measures against pollution, and a "5S approach" and QRQC procedure for workplace safety.
- Factoring contracts, annual customer financial position reviews, and monitoring of strategic subcontractors.
- Adjusted budget and forecasts based on economic conditions, long-term contracts, repayable advances, and negotiations with customers.
- Stringent quality standards, ISO 9001/EN 9100 certifications, and product insurance.
- Combid schemes for raw material purchases, supply security policy, and partnership for inventory management.
- Diversification of customer base, best cost structure, and in-house surface treatment capabilities.
- Heavy investment in R&D, monitoring technological progress, and overseas production diversification.
- Trade receivables financing, additional funding sources (capital increases), and interest rate hedging.
- Active intellectual property management, information security plan, and provisions for legal proceedings.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Choice of suppliers, internal quality control procedures.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 9001 / EN 9100 (except MTI, which is ISO 9001 only)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2021-04-01 to 2021-03-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The COVID-19 pandemic significantly impacted the aeronautical sector, leading to a 54.2% decrease in the Group's turnover.
- Decreased production rates for Boeing 787 and Airbus A350 (rates halved), Airbus A320 (-40%), A220 (-60%), Embraer and Bombardier programs significantly delayed, Boeing 737 Max crisis impacting the Group through engine activity: near-stop of deliveries this year, aggravated by significant destocking by customers, impacting the first half of the year.
Mitigation Strategies
- Implementation of strict health protocols, teleworking, workforce adjustment through partial unemployment measures, reorganization of production teams, plan to reduce OPEX and CAPEX, rigorous management of working capital requirements, implementation of the Transformation 21 plan.
- Obtaining a €79.3 million government-guaranteed loan (PGE), a €14.8 million ATOUT loan from BPI France, and a €3.1 million grant from the Occitanie region for an R&D project.
- Deployment of the Transformation 21 plan to adapt fixed costs to the lasting nature of the crisis, reduction of investments, safeguarding of FGA Auxerre, and bringing together Moroccan sites: relocation of FGA Morocco to Casa Aéronautique's workshops.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-01-09 to 2028-03-31
Environmental Metrics
ESG Focus Areas
- Environmental performance
- Carbon footprint reduction
- Employee engagement
- Sustainable aviation
Climate Goals & Targets
Long-term Goals:
- Zero-carbon aviation industry
Environmental Challenges
- Supply chain disruptions due to the COVID-19 crisis
- Inflationary and sourcing pressures
Mitigation Strategies
- Transferring production to best-cost countries
- Automating productions
- Improving management systems
- Extending industrial partner network
- Optimising investments