SCOTTSDALE, Ariz. – April 22, 2022 – In conjunction with Earth Day, StandardAero announced today that the company is setting a global goal to reduce its overall carbon footprint by net 45% by the year 2030 and to achieve a net zero carbon footprint by 2050.
The new goals were launched to enhance the success of StandardAero’s GreenERmro initiative, a multi-year program to reduce, reuse and recycle precious resources that promote a circular economy. The GreenERmro program embodies the company’s quest for sustainability and for taking practical, common sense approaches to make improvements that reduce consumption, minimize waste and limit environmental impact. StandardAero’s most recent GreenERmro efforts were focused primarily around energy and waste reduction at many of the company’s more than 50 sites and facilities around the world.
“This year, we are taking an important step to drive our environmental improvement efforts,” said Russell Ford, Chairman & CEO of StandardAero. “We have set aggressive goals, but they are ultimately achievable. With leadership, investment and commitment, we believe we are on a path to significantly improve environmental sustainability and help protect our ecosystem.”
Earlier this year StandardAero hired Brian Skrobarcek, an industry sustainability expert, to serve as the company’s dedicated Vice President of Environment Health, Safety & Sustainability and Global Head of ESG. Skrobarcek is leading the charge to drive StandardAero’s multi-pronged environmental sustainability and governance strategy. Working with other industry and environmental experts, he will be adopting best practices and establishing a detailed framework for achieving the company’s goals.
“Reducing our carbon footprint isn’t just about StandardAero,” explained Skrobarcek. “We think globally. A global perspective encompasses supplier, partner and customer commitments toward environmental sustainability. We are expanding our efforts to include other sustainability focus areas including test cells, procurement, logistics, and ultimately our products and services. In the future, we will expect all of our constituents to be driving toward the same vision. Together, we will create the solutions that make a difference.”
StandardAero’s sustainability efforts are tightly aligned with the company’s equity sponsor, Carlyle. StandardAero is also working closely with other Carlyle portfolio companies to collaborate on efforts to achieve similar goals.
“Improving our world is a chain reaction. Imagine the role we can play by holding ourselves accountable and setting the example for others to achieve the same net zero carbon goal by 2050. Preserving our world is essential. The reality is we have no other choice but to act,” Ford concluded
StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm Carlyle.