DUBLIN, April 22,
2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap"
or the "Company") (NYSE: AER) today announced the publication of
its seventh annual Environmental, Social, and Governance ("ESG")
Report, for the year ended December 31, 2023.
The report sets out in detail AerCap's commitment to growing its
business in a responsible and sustainable way and includes a number
of environmental, social, and governance disclosures. The ESG
Report is produced with reference to the Global Reporting
Initiative ("GRI") Standards. The report can be
found here or on the ESG section of our
website.
Key highlights of the report include:
- Our ESG ratings have continued to show a positive trajectory as
evidenced by our recent rating improvements. In September 2023, we were upgraded by MSCI ESG
Ratings to 'AA' or 'Leader' level, and in April 2024, we were upgraded by Morningstar
Sustainalytics to 'Low Risk' level.
- We continued our corporate fleet modernization strategy to
ensure we own the most in-demand and fuel-efficient aircraft, with
~$50 billion invested in new
technology aircraft since 2014.
- As of December 31, 2023, AerCap's
fleet comprised of ~70% new technology aircraft by net book value
and ~80% new technology engines, with an additional ~$18 billion of new technology assets on
order.
- Our indirect Scope 3 emissions intensity improved in 2023. We
have achieved a 15% reduction in gCO2 per seat/km across
our entire fleet over the last decade, notwithstanding our fleet
doubling in size during this period.
- We continued to make progress on our Diversity, Equity,
Inclusion and Belonging ("DEIB") framework and strategy, conducting
focus groups and training sessions throughout 2023 to focus on the
issues that matter most to our employees.
- We had continuous engagement and collaboration with regulatory
authorities and the wider aviation industry on policy and
decarbonization matters through our dedicated Government Affairs
& Sustainability function, aiding our situational awareness and
ability to engage on key policy developments.
- Together with our employees, AerCap donated over $800,000 to charitable and social causes and
partnerships in 2023.
Stacey Cartwright, ESG
Committee Chair, said, "We are very pleased to launch AerCap's
ESG Report for the year 2023, coinciding with World Earth Day. As
the leading aviation lessor, AerCap is deeply invested in fostering
sustainable growth within our industry. We recognize
aviation's indispensable role in economic development, fostering
international relations, and facilitating cross-border trade. We
firmly believe that sustainability cannot exist in isolation but
must be seamlessly integrated into our overarching corporate
strategy. Our approach for the year ahead will continue to be
twofold: to assert control where feasible and to exert influence
where necessary. By staying ahead of emerging trends and
preparing for future challenges, we are confident in our ability to
lead our industry toward a more sustainable future."
Aengus Kelly, the CEO of AerCap, said, "One of the
cornerstones to decarbonization is fleet renewal and AerCap plays a
leading role by investing in the most fuel-efficient, new
technology assets. In that regard, since 2014 we have invested
~$50 billion in new technology
aircraft, more than any other airline or lessor, thereby lowering
the operating costs and carbon emissions of our airline
customers. Many airlines lack the financing or delivery slots
to enable their transition, and given the continuing OEM supply
chain constraints, AerCap plays a key role in assisting with their
decarbonization efforts. In that respect, during 2023, our team
completed 953 transactions, which included 592 lease agreements and
the purchase of 173 assets. As our assets are operated by our
customers, we do not have direct control over 99.9% of our
emissions, so we must focus on the levers under our direct control
or influence. AerCap is taking account of all decarbonization tools
and regulatory obligations in our efforts to support Net-Zero
Aviation 2050. Our decisions must take account of investor
expectations and customer needs, while at the same time ensuring
the best use of capital deployed."
About AerCap
AerCap is the global leader in aviation leasing with one of the
most attractive order books in the industry. AerCap serves
approximately 300 customers around the world with comprehensive
fleet solutions. AerCap is listed on the New York Stock Exchange
(AER) and is based in Dublin with
offices in Shannon, Miami,
Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around
the world.
Forward-Looking Statements
This press release contains certain statements, estimates and
forecasts with respect to future performance and events. These
statements, estimates and forecasts are "forward-looking
statements". In some cases, forward-looking statements can be
identified by the use of forward-looking terminology such as "may,"
"might," "should," "expect," "plan," "intend," "will," "aim,"
"estimate," "anticipate," "believe," "predict," "potential" or
"continue" or the negatives thereof or variations thereon or
similar terminology. All statements other than statements of
historical fact included in this press release are forward-looking
statements and are based on various underlying assumptions and
expectations and are subject to known and unknown risks,
uncertainties and assumptions, and may include projections of our
future financial performance based on our growth strategies and
anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors, including the impacts
of, and associated responses to the Ukraine Conflict, that could
cause our actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied in the
forward-looking statements. As a result, we cannot assure you that
the forward-looking statements included in this press release will
prove to be accurate or correct. In light of these risks,
uncertainties and assumptions, the future performance or events
described in the forward-looking statements in this press release
might not occur. Accordingly, you should not rely upon
forward-looking statements as a prediction of actual results and we
do not assume any responsibility for the accuracy or completeness
of any of these forward-looking statements. Except as required by
applicable law, we do not undertake any obligation to, and will
not, update any forward-looking statements, whether as a result of
new information, future events or otherwise.
For more information regarding AerCap and to be added to our
email distribution list, please visit
www.aercap.com.
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SOURCE AerCap Holdings N.V.