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AAR launches 2022 Environmental, Social, and Governance Report

AAR launches 2022 Environmental, Social, and Governance Report

AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2022 Environmental, Social, and Governance (ESG) Report, illustrating AAR’s commitment to protecting the environment, empowering people, and governing and operating with integrity.

This marks AAR’s second ESG report, following its inaugural report in 2021. New to this year’s report is an ESG impact assessment, which AAR pursued to enhance its understanding of sustainability impacts and further incorporate ESG-related risks and opportunities into its future strategy. The 2022 Report also includes a Task Force on Climate-related Financial Disclosures (TCFD) report to increase availability of ESG related information.

“We work hard to anticipate the needs of our customers, our people, and our planet,” said John M. Holmes, AAR’s President and CEO. “We are excited to share our most recent ESG report, which details our current initiatives and how we are always looking to identify opportunities to improve our future.”

See related articles: DOE Releases Roadmap to Achieve Carbon Neutral Aviation Emissions, Breakthrough Energy Announces $50 Million Grant to LanzaJet to Produce Sustainable Aviation Fuel, Aemetis Finalizes $7 Billion of Supply Contracts for Production of Sustainable Aviation Fuel and Renewable Diesel

Highlights from the 2022 ESG Report include AAR’s successful efforts to:

  • Continue to track energy and emissions use for AAR’s significant sites, with decreases in energy of 10% and emissions of 9% in FY2022 from FY2021, reducing environmental impact
  • Invest in Aero Design Labs drag reduction kits, which AAR will distribute to help customers reduce their carbon footprint
  • Launch additional employee resource groups (ERGs), creating more opportunities for employees and bringing AAR’s current total to six ERGs
  • Add Train the Trainer capabilities, enabling AAR to offer formal diversity, equity, and inclusion education on a quarterly basis
  • Receive awards and accolades, including the Secretary of Defense PBL Award and recognition from Forbes as one of America’s Best Midsize Employers, demonstrating the Company’s widespread positive influence
  • Become the first independent third-party MRO organization to implement a corporate Safety Management System (SMS) program recognized by the Federal Aviation Administration, maturing AAR’s approach to safety and serving as a model to others
  • Appoint a new Vice President, Chief Ethics and Compliance Officer who has focused on anti-bribery and anti-corruption policies and procedures, third-party due diligence, and risk assessments to further AAR’s culture of compliance

AAR’s complete 2022 Environmental, Social, and Governance Report is available on the ESG page of its website at aarcorp.com/en/about/environmental-social-and-governance-esg/.

Source: AAR


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