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
While we are a global Company with US$24.2 billion in
assets, our environmental impact is low as we employ only
198 employees in five offices around the globe.
100%
CARBON NEUTRAL FOR DIRECT EMISSIONS
100%
LATEST TECHNOLOGY AIRCRAFT IN OUR
ORDERBOOK
71%
LATEST TECHNOLOGY AIRCRAFT IN THE OWNED FLEET
4.4
Years
AVERAGE AGE OF OWNED AIRCRAFT FLEET
New Targets
ON DIRECT GREENHOUSE GAS EMISSIONS REDUCTION
Reduced
RESOURCE CONSUMPTION
*All information as at 31 December 2022
50%
FEMALE REPRESENTATION IN
OUR WORKFORCE
More Than 4,200
TRAINING HOURS
20
NATIONALITIES IN BOC AVIATION'S WORKFORCE
1300
VOLUNTEER HOURS IN LOCAL COMMUNITIES
Year-long
COACHING PROGRAMME LAUNCHED
Supports Airlink
AND OTHER GLOBAL AND LOCAL NGOS
*All information as at 31 December 2022
4
INDEPENDENT BOARD DIRECTORS
3
LINES OF DEFENCE IN RISK MANAGEMENT
360°
RISK MANAGEMENT FOCUS
30%
FEMALES IN THE MANAGEMENT TEAM
100%
SUCCESSFULLY COMPLETED COMPLIANCE AND CYBER SECURITY TRAINING
*All information as at 31 December 2022
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.
BOC Aviation continuously invests in digital transformation in order to reduce our impact to the environment as well as to improve productivity and reduce costs. As a result, our resource efficiency metrics continued to improve when measured against headcount. Electricity and paper consumption per average headcount in 2022 were down 58% and 67%, respectively, compared with 2019, which is the base year of our Environmental KPIs targets.
BOC Aviation was 100% carbon neutral for direct emissions in 2022 through offset purchases from an accredited projects, WWF Clean Cookstoves project in Ningshan County in China and the Kasigau Corridor REDD+ Project in Kenya, to offset our direct carbon emissions and to contribute to the United Nations Sustainable Development Goals, which BOC Aviation is committed to supporting.
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. The Board comprises the Chairman (who is also a Non-executive Director), four other Non-executive Directors, four Independent Non-executive Directors and two Executive Directors.
Anti-Corruption and Whistleblowing
Our Board
Workforce Diversity
As a global aircraft leasing Company with offices in five countries, we are proud to have a diverse workforce with an equal balance of male and female employees. At 31 December 2022, we employed people from 20 different nationalities in our Company.
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 committed to supporting the aviation industry in reducing global carbon emissions by building a more efficient fleet to address climate changes. As at end of 2022, 100% of aircraft in our orderbook and 71% of aircraft in our owned fleet comprised the latest technology aircraft with average fuel efficiency of 20% compared to prior technology.
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.
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.
