Aerospace Industry ESG Engagement
Supporting informed business decisions and sustainability reporting for aerospace and defense.
Purpose
To maintain an enduring aerospace industry voluntary standard, with the support of a proven third-party solution, for assessing Environment, Social and Governance (ESG) practices that enables informed business decisions, duty of care compliance obligations, sustainability reporting, and positive change in environmental & social topics.
Meet the Leaders
Mark Walker
Co-Lead
Airbus
Ashley Rubinsky
Co-Lead
Lockheed Martin
Objectives
- Entity ESG assessment that includes risk-based validation of assessment results, for voluntary and unilateral consideration and use by Aerospace companies.
- Driving continuous improvement of Aerospace industry ESG performance through awareness campaigns.
- Minimizes costs and administrative burden through a voluntary sectorial aerospace approach.
- Upskilling industry in ESG Acumen.
ESG Landscape: Environment, Social and Governance (ESG) obligations are a salient and growing focus requiring the Aerospace and Defense value chain to meet increasingly complex laws, regulations, and expectations of customers’ and other stakeholders’ . Many companies have supplier contract terms and conditions that obligate their suppliers to comply with laws, standards, sustainable procurement initiatives and enable the customer’s compliance. Subsequently, a sectorial approach, for voluntary and unilateral consideration and use by Aerospace and Defense companies, is clearly needed for effective and efficient exchange of information throughout the value chain.
Voluntary Standard Benefits: The International Aerospace Environmental Group’s voluntary sectorial framework for ESG engagement (e.g. assessment and awareness) strengthens business resiliency and minimizes resources and costs for value chain information exchange and stewardship. Failure to identify and mitigate ESG risks can lead to business disruption, claims and legal issues, financial penalties and reputation damage to both corporations and the sector. Key metrics for measuring the benefits of our efforts include number of participating IAEG member companies, completed sustainability assessments, and avoided redundant assessments.
Participating SI member list: Rearrange list to minimize vertical real estate consumed and balance the page
Sector Initiative Members
Airbus
ATR
Boeing
CAE
Gulfstream
Howmet
Leonardo
Lockheed Martin
Rolls Royce
RTX
Saab
Safran
Thales
Total Sector Initiative Scorecards
- IAEG Members Participating in Sector Approach
- 13
- Sector Initiative Scorecards
- ~7,000
- Assessed IAEG Members
- 21
- Avoided Assessments
- ~4,300
IAEG Sustainability Assessment Program: IAEG has partnered with a service provider to power our industry approach. Leverage the following resources to learn more about the service provider IAEG selected, how the ESG assessment program works and who to contact for further information.