Our mission is to exceed customer expectations through inspired teamwork
“Our Corporate Sustainability Report (CSR) is a culmination of everything we do to embody the values that help us meet our vision to provide exceptional aerospace services and our mission to exceed customer expectations. Our company values—integrity, safety and environmental sustainability, quality and service, continuous improvement, and others—are vital elements of our business strategy. In our view, caring for people and reducing our impact on the environment are common sense and practical approaches that are in all of our best interests.
In 2023, we made progress on the carbon emissions goals we established in 2022 by developing a detailed decarbonization road map that identifies the drivers of our company’s emissions, prioritizes actions to meet our goals, and provides StandardAero with what we believe is a strong framework and strategy for implementation. Additionally, we completed more than 300 continuous improvement projects for quality and safety and to reduce carbon emissions, and energy, water and waste across our enterprise.
Moving forward we aim to implement a sustainability strategy and governance structure to comply with regulatory requirements and to be a leader in the aerospace industry. Using our management system approach to day-to-day operations we aim to address customer requirements while reducing waste and cost, driving quality standards and safety, engaging employees from all backgrounds, and strengthening our workforce and industry leadership.”
Russell Ford Chairman & CEO
StandardAero’s value proposition to society increases when we reduce waste and harm by avoiding workplace accidents that involve our employees and/or the significant aspects of hazardous waste generation, air emissions, wastewater, and noise.
Our Environment, Health, Safety and Sustainability (EHS&S) organization is responsible for promoting a global culture of environmental compliance and occupational health and safety, with trained and certified staff at the corporate, sector, and site levels.
Our systematic approach focuses on tactical daily operations support such as conducting training and job safety and root cause analyses, required ongoing training for all employees, strategic planning and reporting as well as:
Employee Engagement and Recognition – Through regular leadership messages, meetings, and other communications, we promote StandardAero’s Life Preserving Standards and Stop For Safety campaign. In 2023, one-hundred and twenty-five (125) employees and contractors were awarded safety coins for identifying and taking action to reduce quality/flight safety and environment, health, and safety risks and 171 continuous improvement projects were completed.
ISO 14001 and 45001 Certifications – Over 20 years we have expanded the number of sites recognized by Bureau Veritas for environmental management systems and health and safety management systems to twenty (20) and three (3), respectively, and we work to increase certified locations annually.
Diverse team member contributions drive innovation, creativity, and competitiveness. With more than 100 years in business, our culture of strong teamwork and sense of camaraderie has helped us to succeed.
Success is built on the unique perspectives, experiences and talents of our employees, customers, partners, and stakeholders. Diverse team member contributions drive innovation, creativity and competitiveness. We are committed to fostering an environment which embraces multiple viewpoints and one that keeps an open dialog by:
Recruiting, developing and promoting employees from all backgrounds. Training and educating employees to understand and address unconscious bias, discrimination, and other barriers to inclusion. Partnering with community organizations, schools and other stakeholders to promote the aviation and aerospace industries to a wide demographic. StandardAero does not discriminate in employment decisions on the basis of race, color, religion, national origin, sex (including pregnancy and related conditions, sexual orientation, or gender identity), age, disability, or genetic information.
StandardAero is passionate about doing business the right way and adhering to all applicable laws and regulations. How we treat people, handle challenges and approach opportunities is key for long-term success.
Ethics Program
Our Code of Ethics is the centerpiece of our Ethics Program. The Code of Ethics is intended to help our employees understand their personal and professional obligations in supporting StandardAero’s vision and values, and serve as a guide when they are faced with ethical decisions. It covers topics including but not limited to conflicts of interest; bribery and improper payments; protecting natural resources; workplace harassment; fair employment practices; and more.
Employees are trained that ethics and integrity is everyone’s responsibility and to speak up through multiple channels or the StandardAero anonymous Whistleblower Hotline. The Employee Code of Conduct is another key part of our program which makes it clear to employees the actions and behaviors expected of them when representing the organization. Suppliers doing business with StandardAero are expected to adhere to our Supplier Code of Conduct.
StandardAero also maintains:
Anti-Corruption Department and Program
Trade Compliance Department and Program
Human Resources Department and Program
Modern Slavery & Human Trafficking Statement
Our Information Security Policy commits us to a program that protects operations and people. Building a culture of security that is embraced by all employees is our program’s overarching objective.
StandardAero’s information security program is based on the following fundamental principles which guide decision making with regard to security architecture, operations, and resource allocation:
Defense in depth assumes that any given security control may fail. Controls in the system architecture are layered. Security is more effective because it doesn’t depend on a single control.
Least privilege is the principle that users and systems should be provisioned with the least amount of access and privilege to execute their assigned duties. This limits the negative impact that occurs when accounts are used inconsistently with their assigned role, whether innocent or malicious.
Separation of duties avoids conflicts of interest, either perceived or actual. In general, users should not be allowed to both operate a system and monitor its operation simultaneously. The objective is to create accountability for all users.
StandardAero aims to support products that accelerate and enable sustainable aviation. We engage with leading R&D and manufacturing companies and make investments to provide services for these advanced products.
In March 2023, we signed a 30-year agreement with CFM International to provide LEAP engine MRO services to airline operators. The LEAP engine is CFM International’s newest generation narrow body aircraft engine. This next generation engine provides up to 20 percent less fuel consumption and lower carbon emissions, as well as a significant improvement in noise compared to previous engines. We are making substantial investments in our facilities, equipment, and tooling to support the LEAP engine.
In 2023 we met major LEAP industrialization milestones including receipt of Operating Specification (OpSpec) approval from the Federal Aviation Administration (FAA), induction of our first customer engine, and graduation of the first class of trainees from our newly launched StandardAero Training Academy.
In June 2023, we entered into a teaming agreement with Boom Supersonic to support the design of its Symphony engine and provide engine MRO services to operators of its Overture aircraft. Boom’s Overture is the first commercial airplane designed for net-zero carbon operations, able to operate on 100% Sustainable Aviation Fuel (SAF), while meeting or exceeding applicable noise and emissions standards.
Boom has committed to purchase up to 10 million gallons of SAF annually to execute its flight test program on the Overture, and participates in numerous partnerships to promote SAF policy, supply, and use. Boom has committed to net zero carbon by 2025 and net zero greenhouse gas emissions by 2040.
We are also positioning ourselves to provide maintenance program design and services and product manufacturing solutions to Ampaire, magniX, and ZeroAvia as they develop and certify their lower emissions products.
These companies are major innovators in the hybrid-electric, battery-electric, and hydrogen-electric propulsion space.
Our Management System Policy outlines Quality and Flight Safety Objectives that systematically cascade through the business to identify, mitigate, and reduce risks. In 2023 we completed 140 continuous improvement projects in this area to improve customer satisfaction and reduce cost.
StandardAero’s Management System Policy includes Quality and Flight Safety Objectives to:
These objectives are cascaded down to sectors, business units, functional groups, cells and teams, and individuals through policies, procedures, work instructions, technical manuals, shop orders, specifications, blueprints, and more that constitute our Quality Management System.
The QMS is a comprehensive and standardized approach for meeting all customer and regulatory requirements and providing a safe and reliable product. QMS documentation must accurately reflect the work performed and is controlled by procedures to reduce variation and error and increase operational consistency. Employees are trained to stop and speak up if instructions are unclear.
Every employee affects the achievement of our quality objectives, which are measured by key performance indicators such as First Time Pass, controllable non-conformance, and turnaround time.
