2023
Environmental, social and governance report
Progress and impact
INTRODUCTION
Welcome
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
The cover and inside pages of this report feature Bombardier team members and partners beside an
18-foot-wide prototype used in the EcoJet research project. This initiative aims at developing technologies
to reduce emissions for the next generation of business aircraft.
This report gives an overview of Bombardier's performance on
Environmental, Social and Governance (ESG) topics for fiscal year 2023.
In this report, you will learn how ESG topics are managed, the achievements made toward the United Nations Sustainable Development Goals (SDGs), and Bombardier's pledge to the United Nations Global Compact (UNGC). It also includes the ESG plan, how it is carried out across the company by employees, and progress made in reaching its objectives. This report follows reporting standards from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), where relevant. Bombardier is dedicated to providing accurate and relevant data in a transparent manner.
PROFILE | |
Bombardier designs, builds and maintains the world's best-performing aircraft for the world's most discerning people, | You are invited to send your |
businesses and governments. That means not simply exceeding standards, but understanding customers well enough | feedback and questions. |
to anticipate their unspoken needs. | Feedback and questions can be |
For them, Bombardier's talented teams are committed to pioneering the future of aviation - innovating to make flying more reliable, | sent tocsr@bombardier.com |
efficient and sustainable. And they are passionate about delivering unrivaled craftsmanship and care, giving their customers greater | Date of publication |
confidence and the elevated experience they expect. Because people who shape the world will always need the most productive | |
and responsible ways to move through it. | May 6, 2024 |
Bombardier customers operate a worldwide fleet of more than 5,000 aircraft, supported by a vast network of Bombardier team | |
members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured | |
in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. | All amounts in this report are expressed in U.S. dollars, |
unless otherwise indicated. | |
2 Bombardier Inc.2023 ESG report
HIGHLIGHTS
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Snapshot of 2023
Corporate information
1. As at December 31, 2023, including contractual and inactive employees.
$8.0B | Second testing phase of the | Women in Governance | |||||
EcoJet research project | Silver 2023 Gender Parity | ||||||
REVENUES | with an 18-foot-wide prototype | Certification | |||||
$14.2B | See page 17 | See page 25 | |||||
IN ORDER BACKLOG | 79% score for | Mercure Award in the category | |||||
18,100+ | employee engagement | of "International Market | |||||
See page 28 | Development - Large Companies" | ||||||
EMPLOYEES1 | See page | 30 | |||||
Environmental product declarations published for Global 6500 and Global 5500
See page 17
5.3% employee voluntary turnover rate
See page 28
3 Bombardier Inc.2023 ESG report
BOMBARDIER TODAY
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
At a glance
Bombardier's global footprint extends from its headquarters in Greater Montréal to production and engineering sites as well
as an extensive customer support network around the world.
LEGEND
Headquarters
Production sites:
- aerostructures
- assembly
- completion
Bombardier Defense & Bombardier Flight Test Centre Customer Response Centre
Service Centre Aftermarket sites:
- regional depots
- line maintenance stations
- mobile response teams
- parts hubs & other
MONTRÉAL | BIGGIN HILL | BERLIN | |
TORONTO | |||
WICHITA | HARTFORD | TIANJIN | |
TUCSON | MIAMI | ||
DALLAS / RED OAK |
QUERÉTARO
SINGAPORE
MELBOURNE
4 Bombardier Inc.2023 ESG report
Revenues1 | 6.1 | 6.9 | 8.0 | Deliveries | 120 | 123 | 138 | Employees4 | 13.8 | 15.9 | 18.1 | |
$ billions | aircraft | 3 | thousands | |||||||||
0.1 | 0.1 | 1.7 | 10 | 63 | 3.3 | |||||||
1.5 | 6.3 | 44 | 50 | 2.1 | 2.5 | 3.1 | ||||||
1.2 | 2.7 | |||||||||||
■ Manufacturing | 5.3 | ■ Large | ■ | Canada | 11.7 | |||||||
4.8 | 2.5 | 10.7 | ||||||||||
and other2 | ■ Medium | United States | ||||||||||
66 | 70 | 75 | ■ | 9.2 | ||||||||
■ Services | ■ Light | ■ Other | ||||||||||
■ Other3 | ||||||||||||
2021 | 2022 | 2023 | 2021 | 2022 | 2023 | 2021 | 2022 | 2023 |
1. For fiscal year 2023, "other" revenue is $38 million. 2. Includes revenues from sale of new aircraft, specialized aircraft solutions and pre-owned aircraft. 3. Includes revenues from sale of components related to commercial aircraft programs. 4. As at December 31, 2023, including contractual and inactive employees.
MESSAGES FROM THE CHAIRMAN AND THE PRESIDENT AND CEO
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Proudly building a more sustainable future
PIERRE BEAUDOIN | ÉRIC MARTEL |
Chairman of the Board | President and Chief Executive Officer |
Responsible management
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
Welcome to Bombardier's Environmental, Social and Governance (ESG) report, which becomes more relevant and timely with each passing year.
Bombardier is many things: global company and family business, aircraft manufacturer and innovator, service provider and defense player. Across all our activities, we are strongly committed to being a responsible corporate citizen. As you'll see in this report, Bombardier's action plan is comprehensive, transparent and measurable.
The importance of good governance is deeply ingrained in Bombardier's culture. We have a proud heritage as a family company, and our team members genuinely care about our stakeholders and the communities where we operate. This philosophy is true at all levels, including the Board of Directors, which plays an active role in Bombardier's ESG strategy. A committee of Board members reviews and approves this report, and receives regular progress updates throughout the year.
Our senior executives are also involved, as champions of our ESG initiatives and ambassadors of our values. Adding to this, team member participation across the organization is key: not only do our people embrace our goals, they are extremely proud that Bombardier is building a greener future for aviation.
As you'll see in these pages, we're making excellent progress together.
I'm pleased to present Bombardier's latest Environmental, Social and Governance (ESG) report, which shows our impressive progress in 2023. We believe that how we do business is just as important as the results we achieve.
You'll read about many accomplishments in these pages. We're giving shape to the next generation of business jets with our EcoJet research project, which entered a new phase in 2023. Meanwhile, we published Environmental Product Declarations for two more aircraft in our existing portfolio, the Bombardier Global 5500 and Global 6500. Throughout 2023, Bombardier purchased Sustainable Aviation Fuel (SAF) for all its flight operations through a Book-and-Claim system, which contributed to reducing our environmental footprint.
Our 18,000 team members are incredibly proud that Bombardier is building a greener future for business aviation. In fact, engagement was another highlight for Bombardier in 2023 as our employee survey yielded an overall engagement score of 79%, surpassing our goal of 75% for 2025. This positive result validates our efforts to be a world-class employer prioritizing safety, ethics, diversity, inclusion and community giving.
I'm also pleased to confirm that Bombardier renewed its pledge toward the ten principles of the United Nations Global Compact. We also continued our progress on the seven United Nations Sustainability Goals where we have the greatest impact.
I trust you'll agree that the accomplishments in this report demonstrate our enduring commitment to sustainable development.
5 Bombardier Inc.2023 ESG report
RESPONSIBLE MANAGEMENT
Accountable leadership
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
• Accountable leadership
- United Nations Sustainable Development Goals
- United Nations Global Compact
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
Ensuring Board and executive oversight of ESG topics
Board of Directors | |||
Board level | Audit | Human Resources and | |
Corporate Governance and | |||
Nominating Committee | Committee | Compensation Committee | |
President and Chief Executive Officer | |
Executive level | Ten senior leadership members and their departments, |
including the Senior Vice President of People and Sustainability | |
Strategy lead | |
Vice President, HRIS and Sustainability | |
Management and working level | Sustainability core team |
ESG Forums & Climate Working Group |
In addition, Senior Leadership Team members are also accountable for processes, controls, procedures, monitoring, managing and overseeing areas of sustainability and climate risks and opportunities that fall within their team's area of responsibility.
Different teams, including customer-facing employees, community engagement professionals, environmental experts, engineering professionals, supply chain experts and more, are contributing to the advancement of the ESG plan and are making Bombardier more resilient and sustainable. Members of these teams meet three times a year through ESG Forums. These forums aim to create synergies between the different departments within the company to accelerate sustainability initiatives, share knowledge on sustainability issues and ensure strong governance of the ESG plan.
Aligning performance incentives with the long-term strategy
To further integrate ESG considerations within the business and to increase senior executives' accountability in achieving ESG objectives, Bombardier included non-financial ESG metrics
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
At Bombardier, Environmental, Social and Governance (ESG) topics are under the primary responsibility of the Corporate Governance and Nominating Committee of the Board of Directors (Board), composed exclusively of independent members, which recommends approval of the ESG plan to the Board. See the section on Board and committees for more information.
Sustainability at the Senior Leadership Team level is headed by Daniel Brennan, Senior Vice President of People and Sustainability. He is supported by Bombardier's Vice President of Human Resources Information Systems and Sustainability, Paul Michaud, who oversees a dedicated ESG team that collaborates with a cross-functional team that works on various aspects of the ESG plan.
The company's Senior Leadership Team receives quarterly reports on ESG developments. These reports cover progress toward the ESG plan and future initiatives.
The ESG plan consists of 25 strategies that help achieve the ESG goals related to 11 topics by 2025. The strategies are included at the beginning of each topic throughout the Performance section of this report. Each strategy has a Senior Leadership Team member as its owner and a designated leader who works with one or more subject matter experts. These key stakeholders oversee the progress
of their strategy, ensuring that their team has the skills and competencies needed for the execution of the ESG plan and ultimately the realization of the 2025 ESG goals.
- relating to greenhouse gas emissions, lost-time incidents, women in management and employee engagement - in the design of the long-term incentive plan for the grant years 2021, 2022 and 2023. The selected ESG metrics reflect business factors that are aligned with Bombardier's long-term strategy. These metrics are reviewed and updated on a regular basis.
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RESPONSIBLE MANAGEMENT
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
United Nations
Sustainable Development Goals
The ESG plan is aligned with the United Nations Sustainable Development Goals (SDGs), focusing on seven goals where Bombardier can have the greatest impact.
- Accountable leadership
- United Nations Sustainable Development Goals
- United Nations Global Compact
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
4 Quality education
Bombardier develops the future talents of the industry through collaboration with academia on educational and research projects, prioritizing sustainability activities related to science, technology, engineering and mathematics (STEM), and entrepreneurship. Approximately 1,400 student interns in Canada were onboarded in 2023.
See: Communities
5 Gender equality
Bombardier is firmly committed to closing the gender gap in its workplace. In 2023, the organization received Silver Parity Certification from Women in Governance, celebrated the Bombardier graduates from the A Effect program, and enrolled women in the next cohort to fuel their talent and develop their full potential. Bombardier has a Women@Bombardier Forum championed by a woman senior executive.
See: Diversity and inclusion
8 Decent work and economic growth
Bombardier's global presence can stimulate inclusive growth globally. In 2023, Bombardier invested CAD $1.7 billion1 in wages, salaries and employee retirement benefits, and invested approximately CAD $29 million2 in its internship program in Canada to train the next generation of innovators.
See: Communities
9 Industry, innovation and infrastructure
Bombardier is committed to designing, manufacturing and servicing business jets, incorporating advanced technologies and materials to improve durability, deliver a lower noise output and reduce fuel consumption.
See: Sustainable aviation
12 Responsible consumption and production
In 2023, overall GHG emissions (scope 1 and 2) were 15% lower compared to 2019 and water consumption was 44% lower compared to 2019.
See: Environmental footprint
13 Climate action
Bombardier's product innovation strategy is aligned with the goals of the business aviation industry to achieve net-zero carbon emissions by 2050. In 2023, Bombardier used a Book-and-Claim system to purchase SAF for all flight operations.
See: Sustainable aviation
17 Partnerships for the goals
In 2023, Bombardier maintained its contributions to the International Aerospace Environmental Group (IAEG) and to the International Civil Aviation Organization (ICAO) to promote sustainability standards and guidelines in the industry. In addition, as an active member of the General Aviation Manufacturers Association's (GAMA) Environmental Committee, Bombardier is contributing to the industry's progress toward reducing the impact of air travel on climate change and fully supports the goals of the Business Aviation Commitment on Climate Change (BACCC). Bombardier is also building partnerships with communities to promote social and economic development, diversity and inclusion, sustainability initiatives and educational perseverance.
See: Sustainable aviation, Diversity and inclusion, Communities
7 Bombardier Inc.2023 ESG report
- Refer to the 2023 Financial Report.
- Includes interns' salary and overhead investment in Canada.
RESPONSIBLE MANAGEMENT
Introduction
Highlights
United Nations
Global Compact
As a signatory of the United Nations Global Compact (UNGC), Bombardier is committed
to promoting the 10 fundamental principles relating to human rights, labour, the environment and anti-corruption, through its strategies, policies and procedures across its operations.
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
- Accountable leadership
- United Nations Sustainable Development Goals
• United Nations Global Compact
Strategy
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
The following is an overview of how the UNGC principles are incorporated in Bombardier's daily operations. For more details on progress visit:
www.unglobalcompact.org/what-is-gc/participants/1397
Human rights
Bombardier supports and respects the protection of internationally recognized human rights, ensuring that the organization is not complicit in human rights abuses and that it upholds the freedom of association. Bombardier has policies and procedures aiming to prevent the company from engaging with suppliers, organizations or customers that do not respect human rights.
See: Diversity and inclusion, Ethics and compliance, Responsible supply chain
Labour
Bombardier works to ensure that neither forced nor child labour are used in its operations or those of its suppliers, and prohibits employment discrimination. Bombardier trains leaders to recognize and eliminate unconscious biases in their hiring, employment and mentoring practices.
See: Diversity and inclusion, Responsible supply chain
Environment
Bombardier supports a proactive approach to address environmental challenges by undertaking initiatives to promote greater environmental responsibility and investing in the development and diffusion of environmentally friendly technologies. Bombardier engages with suppliers to make its supply chain more sustainable and collaborates with its peers in the aviation industry to foster a transition toward
- low-carboneconomy. See: Sustainable aviation
Anti-corruption
Bombardier works to counter corruption in all its forms, including extortion and bribery. Bombardier has a third-party due diligence process performed on its suppliers. There are multiple layers of due diligence performed on customers purchasing an aircraft as well as before Bombardier sponsors or donates to an organization.
See: Ethics and compliance, Responsible supply chain, Communities
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STRATEGY
ESG plan
Developed with the collaboration of teams across the organization,
ENVIRONMENTALSOCIAL
GOVERNANCE
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
Strategy
• ESG plan
- ESG plan implementation
Risk management
the ESG plan is forward-looking, bold, measurable and achievable.
Bombardier is stewarding sustainable business aviation through the most advanced and environmentally responsible products, and with its creative, diverse and engaged employees. This report presents progress made in 2023 toward achieving the ESG plan by 2025. The ESG plan includes objectives, goals, strategies, measures and targets to drive change in
the business by bringing sustainability into the business decision-making process.
In the Performance section of this report,
14 Environmental footprint
Manufacture and service aircraft with the smallest possible environmental impact
17 Sustainable aviation
Lead sustainable aviation by designing innovative and environmentally responsible products
22 Health and safety
Target zero harm
25 Diversity and inclusion
A diverse workforce who feel empowered to bring their authentic self to work
28 Employee engagement
Be an employer of choice, creating an employee experience in which heart meets mastery
30 Customer satisfaction Setting the highest standards and fostering true connections
38 Board and committees Strong governance for sustained shareholder value
40 Ethics and Compliance
Uphold the highest ethical integrity and leadership standards
43 Responsible supply chain
Lead supplier practices in environment, ethics and employment
Performance
ENVIRONMENTAL SOCIAL GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
the ESG plan specifics are presented for each of the 11 topics of the plan. You can also find the complete ESG plan by visiting:
www.bombardier.com/en/sustainability/ our-esg-plan
33 Data privacy
Ensure best-in-class protection of personal data for all employees and customers globally
35 Communities
Be a vector of positive change in communities
E S
G
9 Bombardier Inc.2023 ESG report
STRATEGY
ESG plan implementation
Bombardier encourages its employees to be involved in the advancement of the ESG plan.
Introduction
Highlights
Bombardier today
Messages from the Chairman and the President and CEO
Responsible management
Strategy
- ESG plan
• ESG plan implementation
Risk management
Performance
ENVIRONMENTAL
SOCIAL
GOVERNANCE
ESG data table
Climate report
About this report
Corporate information
To make the ESG plan work across the organization and bring it to life, it needs the commitment and engagement of employees. Employees help the ESG plan move forward by enhancing existing processes, by participating in sustainable initiatives, and by suggesting new ideas. To acknowledge these efforts, Bombardier employees were asked to name colleagues who had significant impact in 2023 in one of the 11 topics of the ESG plan, or who incorporated different elements of the ESG plan in a project.
Throughout the report, nominated employees are featured for their outstanding and noteworthy contributions to the progress of the ESG plan. These employees helped Bombardier become more sustainable.
10 Bombardier Inc.2023 ESG report
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Bombardier Inc. published this content on 06 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 12:30:07 UTC.