August 24, 2021
AAR launches inaugural Environmental, Social and Governance (ESG) Report
Wood Dale, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has published its inaugural Environmental, Social and Governance (ESG) Report.
“For over 65 years, we have been committed to the well-being of our employees, our customers and our communities and we are excited to release our inaugural ESG report,” said John Holmes, AAR President & CEO. “While we have a long history of ESG-related activities, this report marks the first time we have consolidated and communicated our actions comprehensively. I would like to thank the AAR team for their long-standing support in demonstrating our commitment to Doing It Right®.”
The ESG report provides insight into how AAR´s business and values have guided ESG practices and actions in areas where the Company believes to have the most meaningful impact. The report is aligned with the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) sustainability frameworks and reporting standards, and includes an index with relevant SASB and GRI metrics. The document highlights the ESG activities of AAR and its consolidated subsidiaries over Fiscal Years (FY) 2021 and 2020 and includes a baseline inventory of key environmental data.
To download a copy of AAR´s ESG report, please visit the Company´s ESG webpage.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
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