ESG
Environmental, Social and Governance
BOC Aviation is committed to contributing to a more sustainable environment, enhancing our strong governance culture, and creating a positive impact on our communities.
Airlink
BOC Aviation is a long-term supporter of Airlink’s disaster response relief programmes. Our recent support has gone to transporting medical supplies for various relief efforts globally. Airlink is a global humanitarian organization delivering critical aid to communities in crisis by providing airlift and logistical solutions to nonprofit partners, changing the way the humanitarian community responds to disasters around the world.
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ORBIS
BOC Aviation supports ORBIS in bringing medical eye care directly to communities through its Flying Eye Hospital. Support ORBIS in its efforts to fight avoidable blindness.
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AACO
BOC Aviation proudly supports the Arab Air Carriers’ Organisation through seven sponsored scholarships every year for AACO-member airlines.
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A member of the Aviation Working Group
The AWG, of which BOC Aviation is a member, established a taskforce to assess and address ESG issues related to aviation financing and leasing.
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Our Approach
We strive to be good corporate citizens within our environment and society, and foster a strong culture of governance.
Our Impact
As a global company managing over US$25 billion in assets, we maintain a relatively low environmental footprint, supported by a streamlined team of 204 employees across five offices worldwide.
100%
CARBON NEUTRAL FOR DIRECT EMISSIONS
100%
LATEST TECHNOLOGY AIRCRAFT IN THE ORDERBOOK
80%
LATEST TECHNOLOGY AIRCRAFT IN THE OWNED FLEET
5 Years
AVERAGE AIRCRAFT AGE
Achieved
38%
REDUCTION OF CO2 EMISSIONS PER AVERAGE HEADCOUNT
2
High quality carbon offset projects
*All information as at 31 December 2024
20
NATIONALITIES ACROSS FIVE OFFICES
More Than
2,600
VOLUNTEER HOURS
More Than
12,000
TRAINING HOURS
49%
FEMALE REPRESENTATION IN OUR WORKFORCE
Average of
8 days
of training per employee
*All information as at 31 December 2024
3
NATIONALITITIES ON THE BOARD
4
INDEPENDENT BOARD DIRECTORS
20%
FEMALES IN THE MANAGEMENT TEAM
100%
COMPLETED COMPLIANCE TRAINING
*All information as at 31 December 2024
Environmental Sustainability
Environmental Sustainability
At BOC Aviation, we actively work to reduce our direct carbon emissions and environmental footprint. We emphasise the use of electronic communications and video conferencing to avoid unnecessary travel. We have taken a strong stand against the use of private jets, which are prohibited under our travel policy.
In 2024, we have surpassed our 2025 reduction targets compared to the baseline year of 2019 and we have achieved:
•63% reduction in total electricity consumed per average headcount
•69% reduction in paper usage per average headcount
•38% reduction in CO2 emissions (tonnes) per average headcount
CARBON NEUTRALITY
We focus on actively reducing our total carbon emissions and being carbon neutral by offsetting our total direct emissions with carbon credits from projects aligned with United Nations Sustainable Development Goals. The purchase of carbon credits generated from these projects is our selected pathway to create a sustainable future for the generations to come.
In 2024, we offset 100% of our direct emissions by purchasing carbon credits from two accredited projects — the Katingan Restoration and Conservation Project in Indonesia and the Anhuang Afforestation Project in Guizhou, China.
OUR CARBON OFFSET PROJECTS
Governance
BOC Aviation is committed to enhancing shareholder value by achieving high standards of corporate ethics, conduct, transparency and accountability. We are firmly committed to a culture of transparency and compliance and we conduct our business affairs with high standards of honesty and integrity through our policies including anti-bribery, anti-money laundering and fraud risk management.
The Board of Directors has overall responsibility for the Company’s ESG strategy, and is responsible for evaluating and determining the Company’s ESG-related risks, and ensuring that appropriate and effective ESG risk management and internal control systems are in place.
Anti-Corruption and Whistleblowing
AML/CFT FRAMEWORK
PRIVACY PLEDGE
For detailed disclosure on the application of BOC Aviation’s corporate governance practices, please refer to the “Corporate Governance Report” on pages 40 to 64 in the 2024 Annual Report.
2024 ANNUAL REPORT
Our Board
Workforce Diversity
As a leading global aircraft operating lessor, we are supported by a diverse workforce representing 20 nationalities across our five offices in Singapore, Dublin, London, New York, and Tianjin. Females accounted for 49% of the total workforce at 31 December 2024.
We are an equal opportunity employer. We work on the principle of meritocracy and we Are committed to providing equal employment opportunities to all individuals.
Investing In Our People
Our people are our greatest resource, and we place great emphasis on talent development through training and performance coaching. The health and safety of our employees are of paramount importance. We are committed to continuously improve the health and safety awareness of all our employees and to create a culture where everyone shares responsibility for the safety and well-being of their fellow workers and the community.
A HEALTHY AND SAFE WORKPLACE
A Modern And Efficient Fleet
BOC Aviation is dedicated to supporting the airline industry’s efforts to reduce global carbon emissions by transitioning to a more fuel-efficient fleet. We continue to invest in the latest technology, most fuel-efficient aircraft.
At the end of 2024, the proportion of latest technology aircraft in our owned fleet reached 80% in 2024, surpassing our target of 75% by end-2025. In 2024, we strengthened our commitment to the aviation industry's green transition by maintaining an orderbook exclusively comprised of the latest technology aircraft.
We continue to support our airline customers in modernising their fleets through our fleet planning services and our portfolio of aircraft that are generally 20% more fuel-efficient than the aircraft that they replace.
Investment In The Community
BOC Aviation participates in various trade, business and industry associations to contribute to the growth and governance of the aviation industry. We also make donations to various non-profit organisations for humanitarian and charitable purposes. We do not provide any donations of a political nature.
Our volunteering activities
At BOC Aviation, we participate in Corporate Social Responsibility activities so that we have a direct, positive impact on the communities around us in our offices around the world.
27 Dec 2024
People
Corporate Social Responsibility Initiatives in 2024
We are proud to review our Corporate Social Responsibility (CSR) initiatives for 2024. Through our colleagues’ dedicated efforts, we made significant progress supporting our communities and promoting sustainable practices.
16 Dec 2024
People
BOC Aviation at Operation Christmas Child 2024
Colleagues from our London office participated in Operation Christmas Child 2024, where they processed and packed Christmas shoeboxes filled with toys, school supplies and gifts. Organised by Samaritan's Purse, these shoeboxes were distributed to less fortunate children worldwide, ensuring that they receive a Christmas present.
19 Jan 2024
People
BOC Aviation volunteers at charity kitchen Willing Hearts
BOC Aviation’s first corporate social responsibility event of 2024 took place at Willing Hearts, one of Singapore’s most prolific charity kitchens that prepares and distributes thousands of meals to needy individuals and communities in Singapore.
26 Jul 2023
People
CSR activities across the globe
BOC Aviation team members participated in various CSR activities across the globe over the last few weeks.
23 Jun 2023
People
Donation of monitors to TOUCH Community Services
BOC Aviation has donated 150 monitors to TOUCH Community Services, a Singapore-based not-for-profit charity organisation, for use at its offices in Bukit Merah, Geylang Bahru, Jurong, Toa Payoh and Yishun.