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I am an ESG Practitioner and former planetary geologist.

NASA Researcher

Worked at NASA Ames, in the Planetary Aeolian Lab.
Studied atmospheres on other planets and moons.

ESG Practitioner

Works in commercial real estate with the goal to reduce the impact of the built wenvironment.
Focuses on sustainability reporting.

Hi!

I’m Emily.

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How can aeronautics set its own standards of ESG reporting, and how can we use it to ensure the industry’s long-term success?

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Set yourself up for success by creating a strong ESG Strategy that expands to all aspects of your organization.

The strategy should be continuously improving and reevaluated every 3 years.

KPIs should be monitored on an annual basis and communicated to all stakeholders.

Best Practice 1: Set up an ESG Strategy

Vision

What is your goal?

Governance & Accountability

Board of Directors, CEO, etc.?

What is your goal?

Core Priorities

Environment

Social

Governance

Engage with all your stakeholders, internal and external to determine which topics are most material to your business.

What are your opportunities and risks?

Board of Directors, CEO, etc.?

Collect Baseline Data

You can’t manage, what you don’t measure.

Engage with all your stakeholders, internal and external to determine which topics are most material to your business.

What are your opportunities and risks?

Action Plans for Priority Areas

How will you improve? Who is responsible?

You can’t manage, what you don’t measure.

Commitments & Targets

Set quantitative goals with clear time commitments.

How will you improve? Who is responsible?

Monitoring & Stakeholder Reporting

Communicate your progress, align to a reporting framework.

Set quantitative goals with clear time commitments.

Continuous Improvement & Innovation

Communicate your progress. Align to a reporting framework.

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Identify stakeholders and determine what their priorities are and if they align with your company’s priorities.

Create a survey asking stakeholders to rank their importance of topics and their knowledge of topics to create a materiality matrix.

Conduct interviews with key stakeholders.

Best Practice 2:

Engage with Stakeholders

What issues are important to them?

Who are your stakeholders?

Customers

Suppliers

Employees

Competitors

Government

Academia

Industry Associations

Local Communities

Environment

Climate Change
Net-Zero Energy Transitions

Social

Diversity, Equity, Inclusion
Supporting Local Communities

Governance

Ethic Policies
Transparency and Disclosure

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Air Bus: Materiality Matrix

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Air Canada: Materiality Matrix

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Provides a consistent framework that makes reporting easier.

Standards increase an organization’s transparency, enhance stakeholder engagements, and help mitigate an organization’s risks.

Best Practice 3:

Align with an ESG Framework

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Ex. Lockheed Martin

Aligned to GRI and SASB

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Ex. Boeing

Aligned to UNSDGs

Sustainability report also aligns with GRI, TCFD, SASB.

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Greenwashing increases the company’s risk to fines and can damage their reputation.

Example: Ryanair

In 2019, Ryanair ran a campaign where they claimed to be Europe’s lowest airline.
The British Advertising Standards Authority banned the add and lots of negative press was generated.
In 2020, they produced misleading Carbon Offset claims and regulators forced them to change their website to clarify their offset schemes.

Challenge 1:

Greenwashing

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Set clear boundaries on your data collection and communicate them in your reporting.

Obtaining data is a difficult process. Utilize an environmental database to make this task easier.

Collecting data is a continuous process and requires numerous stakeholders to contribute.

Challenge 2:

Collecting Data

Airbus 2023 Sustainability Report: GHG Emission Data

Ex: Emission data

Scope 3 encompasses emissions that are not produced by the company itself, but by those that it's indirectly responsible for up and down its value chain.

How do you define scope 3 data and collect it?

Data comes from customers. Need to engage with them to obtain their data.

Airbus displays data from the military? How did they collect this data?

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Key Takeaways

	Best Practice 1: Set up an ESG Strategy	Set yourself up for success by creating a strong ESG Strategy that expands to all aspects of your organization.
	Best Practice 2: Engage with Stakeholders	Identify stakeholders and determine what their priorities are and if they align with your company’s priorities.
	Best Practice 3: Align with an ESG Framework	Provides a consistent framework that increases transparency.
	Challenge 1: Greenwashing	Greenwashing increases the company’s risk to fines and can damage their reputation.
	Challenge 2: Collecting Data	Set clear boundaries on your data collection and communicate them in your reporting.

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