Wood Dale, Illinois, Oct. 31, 2022 (GLOBE NEWSWIRE) — AAR CORP. (NYSE: AIR), a number one supplier of aviation companies to industrial and authorities operators, MROs, and OEMs, launched its 2022 Environmental, Social, and Governance (ESG) Report, illustrating AAR’s dedication to defending the setting, empowering individuals, and governing and working with integrity.
This marks AAR’s second ESG report, following its inaugural report in 2021. New to this yr’s report is an ESG impression evaluation, which AAR pursued to boost its understanding of sustainability impacts and additional incorporate ESG-related dangers and alternatives into its future technique. The 2022 Report additionally features a Task Force on Climate-related Financial Disclosures (TCFD) report to extend availability of ESG associated info.
“We work hard to anticipate the needs of our customers, our people, and our planet,” mentioned 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.”
Highlights from the 2022 ESG Report embrace AAR’s profitable efforts to:
- Continue to trace vitality and emissions use for AAR’s important websites, with decreases in vitality of 10% and emissions of 9% in FY2022 from FY2021, decreasing environmental impression
- Invest in Aero Design Labs drag discount kits, which AAR will distribute to assist clients scale back their carbon footprint
- Launch further worker useful resource teams (ERGs), creating extra alternatives for workers and bringing AAR’s present whole to 6 ERGs
- Add Train the Trainer capabilities, enabling AAR to supply formal variety, fairness, and inclusion schooling on a quarterly foundation
- Receive awards and accolades, together with the Secretary of Defense PBL Award and recognition from Forbes as one in all America’s Best Midsize Employers, demonstrating the Company’s widespread optimistic affect
- Become the primary impartial third-party MRO group to implement a company Safety Management System (SMS) program acknowledged by the Federal Aviation Administration, maturing AAR’s method to security and serving as a mannequin to others
- Appoint a brand new Vice President, Chief Ethics and Compliance Officer who has centered on anti-bribery and anti-corruption insurance policies and procedures, third-party due diligence, and danger assessments to additional AAR’s tradition of compliance
AAR’s full 2022 Environmental, Social, and Governance Report is on the market on the ESG web page of its web site at aarcorp.com/en/about/environmental-social-and-governance-esg/.
About AAR
AAR is a worldwide aerospace and protection aftermarket options firm with operations in over 20 international locations. Headquartered within the Chicago space, AAR helps industrial and authorities clients by means of two working segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services embrace Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services embrace Mobility Systems operations. Additional info might be discovered at aarcorp.com.
| This press launch comprises sure statements regarding future outcomes, that are forward-looking statements as that time period is outlined within the Private Securities Litigation Reform Act of 1995 which replicate administration’s expectations about future situations. Forward-looking statements may be recognized as a result of they include phrases resembling ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or comparable expressions and the negatives of these phrases. These forward-looking statements are based mostly on beliefs of Company administration, in addition to assumptions and estimates based mostly on info at the moment accessible to the Company, and are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from historic outcomes or these anticipated. For a dialogue of those and different dangers and uncertainties, check with “Risk Factors” in our most up-to-date Annual Report on Form 10-Okay and subsequent Quarterly Reports on Form 10-Q. Should a number of of those dangers or uncertainties materialize adversely, or ought to underlying assumptions or estimates show incorrect, precise outcomes could differ materially from these described. These occasions and uncertainties are tough or not possible to foretell precisely and many are past the Company’s management. The Company assumes no obligation to replace any forward-looking statements to replicate occasions or circumstances after the date of such statements or to replicate the incidence of anticipated or unanticipated occasions. |
