WOOD
DALE, Ill., Dec. 23,
2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, is proud to announce it has been
recognized by Newsweek as one of America's Most Responsible
Companies 2025. This prestigious award is presented in
collaboration with Statista, the world-leading statistics portal
and industry ranking provider. The awards list was announced
earlier this month and can currently be viewed on Newsweek's
website.
"AAR is honored to be recognized among
America's Most Responsible Companies," said Garascia.
America's Most Responsible Companies ranking focuses on a
holistic view of corporate responsibility that considers all three
pillars of ESG: environment, social, and corporate governance. The
analysis is based on the quantitative data from more than 30 KPIs
across the three areas of ESG as well as CSR reputation as derived
from an extensive survey conducted among U.S. residents that
assessed the public's perception of each company's social
responsibility efforts.
Sustainability is closely associated with AAR's corporate
social responsibility initiatives. On November 18, 2024, AAR released its 2024
Sustainability Report to update stakeholders on the continuation
and advancement of the Company's ESG, employee, and community
engagement activities.
"AAR is honored to be recognized among America's Most
Responsible Companies. We have made considerable progress on our
corporate responsibility journey and prioritize Doing It
Right® and upholding our Company values in all
activities," said Jessica A.
Garascia, AAR's Senior Vice President, General Counsel,
Chief Administrative Officer, and Secretary. Garascia, who leads
the Company's sustainability efforts, continued, "We appreciate the
connection between sustainability, responsibility, and growth and
are charting a future that furthers our ESG commitments."
AAR's approach to corporate social responsibility also includes
a robust Ethics and Compliance program. All team members
participate in annual training, and others assume additional
responsibilities, such as participating in the Company's Compliance
Champion Network or Executive Compliance Committee. Through
monitoring, risk assessments, audits, and confidential reporting
channels, AAR ensures its approach to ethics and compliance aligns
with the Company's commitment to Doing It Right®. The
efforts are underpinned by the Company's compliance policies,
including its Code of Conduct, Supplier Code of Conduct, Global
Anti-Corruption Policy, and Third-Party Due Diligence Procedures,
among others, and overseen by the Company's Chief Ethics and
Compliance Officer.
Lori Knudson, AAR's Chief Ethics
and Compliance Officer, added, "AAR has developed a strong culture
of compliance that is everyone's responsibility. We encourage all
employees to act with integrity and to speak up about any concerns.
I am proud of our Ethics and Compliance program and that AAR has
been named a top company for responsibility."
About AAR
AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area,
AAR supports commercial and government customers through four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About Statista
Statista publishes hundreds of
worldwide industry rankings and company listings with high-profile
media partners. This research and analysis service is based on the
success of statista.com, the leading data and business intelligence
portal that provides statistics, business-relevant data, and
various market and consumer studies and surveys.
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This press release may
contain certain statements relating to future results, which are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995, reflecting management's
expectations about future conditions, including continued focus on
sustainability initiatives. Forward-looking statements may also be
identified because they contain words such as ''anticipate,''
''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,''
''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,''
''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,''
''target,'' ''will,'' ''would,'' or similar expressions and the
negatives of those terms. These forward-looking statements are
based on beliefs of management, as well as assumptions and
estimates based on information currently available to management
and are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results or
those anticipated. For a discussion of these and other risks and
uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent
Annual Report on Form 10-K and subsequent Quarterly Reports on Form
10-Q. Should one or more of these risks or uncertainties
materialize adversely, or should underlying assumptions or
estimates prove incorrect, actual results may vary materially from
those described. These events and uncertainties are difficult or
impossible to predict accurately and many are beyond management's
control. Management assumes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
