AAR releases 2024 Sustainability Report

Rhea-AI Summary

AAR CORP (NYSE: AIR) has published its 2024 Sustainability Report, showcasing the company's ongoing commitment to environmental, social, and governance initiatives. The report highlights the company's continued tracking of Scope 1 and 2 emissions, which underwent third-party verification. It also details employee and community engagement activities, demonstrating AAR's dedication to creating positive outcomes for stakeholders.

Jessica A. Garascia, AAR's Senior Vice President and General Counsel, emphasized the report's focus on sustainability management and recent improvements. The complete report is accessible on AAR's website sustainability page.

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WOOD DALE, Ill., Nov. 18, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2024 Sustainability Report today, highlighting the continuation and advancement of the Company's environmental, social, and governance commitments.

"This Report details the Company's sustainability management and highlights recent enhancements," said Garascia.

AAR's Sustainability Report details the Company's current initiatives and their alignment with AAR's values, along with opportunities identified for future improvement. This year, the Company continued to track Scope 1 and 2 emissions, which were verified by a third party. The Report also provides insight into AAR's employee and community engagement activities. 

"This Report details the Company's sustainability management and highlights recent enhancements," said Jessica A. Garascia, AAR's Senior Vice President and General Counsel. "We are proud of our work to uphold our environmental, social, and governance commitments to create positive outcomes for our employees, communities, and many stakeholders."

AAR's 2024 Sustainability Report is available on the Sustainability page of its website at https://www.aarcorp.com/en/about/sustainability/.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

This press release may contain 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, reflecting management's expectations about future conditions, including continued focus on sustainability initiatives. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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 management's control. Management 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.

Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com

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SOURCE AAR CORP.

FAQ

What did AAR (AIR) announce in their 2024 Sustainability Report?

AAR announced their continued commitment to environmental, social, and governance initiatives, including verified Scope 1 and 2 emissions tracking and details about employee and community engagement activities.

How does AAR (AIR) track their environmental impact in 2024?

AAR tracks their environmental impact through Scope 1 and 2 emissions measurements, which are verified by a third party.

Where can investors find AAR's (AIR) 2024 Sustainability Report?

AAR's 2024 Sustainability Report is available on the Sustainability page of their website at aarcorp.com/en/about/sustainability/.

What areas does AAR's (AIR) 2024 Sustainability Report cover?

The report covers environmental initiatives, social commitments, governance practices, employee engagement, and community activities.