WOODDALE, Illinois, Oct. 31, 2022 (GLOBE NEWSWIRE) — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced its 2022 Environmental , social, and governance (ESG) reports. It demonstrates his AAR commitment to protecting the environment, empowering people, and governing and operating with integrity.
This is AAR’s second ESG report, following the first in 2021. New to this year’s report is his ESG impact assessment, which AAR pursued to better understand sustainability impacts and further incorporate ESG-related risks and opportunities into future strategies. The 2022 report also includes a Task Force on Climate-related Financial Disclosures (TCFD) report to increase the availability of ESG-related information.
AAR President and CEO John M. Holmes said: “We are pleased to share his latest ESG report, which details our current initiatives and how we are constantly looking for opportunities to improve in the future.”
Highlights of the 2022 ESG Report include AAR’s successful commitment to:
- Reduce our environmental impact by reducing our energy by 10% and our emissions by 9% from FY2021 to FY2022, and will continue to track our energy and emissions use for AAR’s critical sites.
- Invest in an Aero Design Labs drag reduction kit.This is distributed by AAR to help customers reduce their carbon footprint
- Launch additional Employee Resource Groups (ERGs) to provide more opportunities for employees, bringing the current total of AARs to six ERGs.
- Add trainer training capabilities to enable AAR to deliver formal diversity, equity and inclusion education on a quarterly basis.
- We receive awards and accolades, including the Secretary of Defense PBL Award and recognition as one of America’s Best Midsize Businesses by Forbes, demonstrating our broad positive impact.
- Became 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 for others.
- Appoints a new Vice President, Chief Ethics and Compliance Officer to focus on anti-bribery and anti-corruption policies and procedures, third party due diligence and risk assessment to promote AAR’s culture of compliance
AAR’s complete 2022 Environmental, Social and Governance Report is available on the ESG page of our website at aarcorp.com/en/about/environmental-social-and-governance-esg/.
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 his two business segments of air services and expeditionary services. AAR’s aviation services include parts supply. OEM solutions; integrated solutions; maintenance, repair and overhaul (MRO) services. AAR’s expedition services include the operation of mobility systems. For additional information, please visit aarcorp.com.
|This press release contains certain statements regarding future results. They are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and reflect management’s expectations regarding future conditions. Forward-looking statements are identified by the inclusion of words such as “expect,” “believe,” “continue,” “may,” “estimate,” and “expect.” in some cases. ”intend” ”likely” ”may” ”may” ”plan” ”may” ”predict”” ”plan” ”seek,” ”should” ”target” ”will” ”would,” or similar expressions and negative forms of these terms. These forward-looking statements are based on the beliefs of our management and assumptions and estimates based on information currently available to us and may cause actual results to differ materially from past or forecast results. are subject to certain risks and uncertainties. For a discussion of these and other risks and uncertainties, see “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. If one or more of these risks or uncertainties were to materialize, or if the underlying assumptions or estimates were to prove incorrect, actual results could differ materially from those stated. Yes. It is difficult or impossible to accurately predict these events and uncertainties, many of which are beyond our control. We undertake 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.|