LONDON – The 2022 Report reveals Boeing’s total commitment to reducing carbon emissions and further adds quantitative metrics to transparently measure the progress.
The Sustainability Report was released on 29 June, whereby the aerospace company has added quantifiable metrics to keep its progress to account from the public and internally. This year especially, Boeing has put a significant amount of attention on sustainability.
Sustainability index or metrics: includes employee safety and well-being global aerospace safety; equity, diversity and inclusion; sustainable operations; innovation and clean technologies; and community engagement.
Moreover, the sustainability report shows that the company is also concerned with external factors and future proof technologies.
In addition, the report highlights the company’s 2021 sustainability achievements, its sustainable vision for the future of flight, and environmental, social and governance (ESG) efforts in lieu with global sustainability standards.
Chief Sustainability Officer Chris Raymond said: “We are honoured to release our second sustainability report that builds on Boeing’s family of reports already released this year and shares how our collective ESG efforts are contributing to our business and world.”
“The report is an important step in demonstrating our ambition to communicate transparently with all of our stakeholders, and in holding ourselves accountable as we protect, connect and explore our world – safely and sustainably.”
He added, “We are committed to regaining trust with our stakeholders through transparency, integrity and, above all else, safety. I see so much potential to continue to innovate and do more as we define a sustainable future of flight.”
To sum up the report, Boeing has made it’s stand clear on three milestones, being environmental stewardship, social and transparency governance.
On the environmental stewardship aspect, Boeing will ensure that its aircraft are 100% SAF (Sustainable Aviation Fuel) capable by 2030, and also support the global civil aviation sector to achieve net-zero carbon emissions by 2050.
In addition, Boeing has established partnerships with many stakeholders to help transition into the renewable energy realm, with partners including SkyNRG, Alaska Airlines, Etihad Airways, NASA, Rolls-Royce, and United Airlines.
On the social progress dimension, Boeing will increase its labour representation, including the male-to-female gender ratio, and increase ethnic minorities in the workplace. In addition, the company will also find ways to reduce injury risks during work, enhancing employees’ safety and morale at the same time.
Lastly, Boeing will spend at least $4 billion with small and mid-sized enterprises in an effort to diversify its supply chain to create local employment and build a better community relationships.
Lastly, on the transparency governance, Boeing has made itself clear that its culture has now evolved to become more outspoken and accountable after the 737MAX crash.
Boeing now has an independent Chief Aerospace Safety Office to monitor activities within the working culture of Boeing. Furthermore, Boeing also stepped up its safety culture within the workspace.