- AerCap (AER, Financial) maintains 'AA' ESG rating from MSCI and achieves 'Low Risk' status with Sustainalytics.
- Invested $55 billion in new technology aircraft since 2014, achieving a 17% reduction in CO2 emissions per Available Seat Kilometer over the last decade.
- Completed 150 asset purchases and 166 asset sales in 2024, as part of its fleet modernization strategy.
AerCap Holdings N.V. (AER) has released its eighth annual Corporate Responsibility Report for 2024, showcasing significant advancements in its environmental, social, and governance (ESG) initiatives. The company has successfully maintained its 'AA' ESG rating by MSCI and upgraded to a 'Low Risk' status with Sustainalytics.
As part of its commitment to sustainable aviation, AerCap has reached its target of 75% new technology aircraft and set a new goal of achieving 85% new technology assets by 2030. This target encompasses aircraft, engines, and helicopters, representing an industry first. Since 2014, AerCap has invested approximately $55 billion in new technology aircraft, contributing to a 17% reduction in CO2 emissions per Available Seat Kilometer across its fleet, even as the fleet doubled in size.
In 2024, AerCap acquired 150 assets, including 92 fuel-efficient aircraft, and sold 166 assets, including 98 aircraft with an average age of 15.3 years. The company has also enhanced its Scope 3 emissions disclosures, including emissions from leased engines and helicopters. Moreover, it achieved 100% mitigation of Scope 1, 2, and 3 business travel emissions.
Through the Airbus SAF Book & Claim initiative, AerCap has further solidified its leadership role in aviation decarbonization. Additionally, AerCap, along with its employees, contributed over $900,000 to charitable causes in 2024, underscoring their commitment to social responsibility.
As Aengus Kelly, CEO of AerCap, highlights, these efforts are part of AerCap's broader strategy to support the global transition towards sustainable aviation, ensuring long-term value creation for customers and stakeholders alike.
