Dubai, U.A.E., 29 June 2021 – DAE Capital, the global aircraft leasing division of Dubai Aerospace Enterprise (DAE) Ltd, today publishes its inaugural environmental, social, and governance – ESG – Report for the financial year ended December 31, 2020, which has been prepared under the Global Reporting Initiative (GRI) Standard. The report can be found here, or on the ESG section of our website.
Commenting on the report, Firoz Tarapore, Chief Executive Officer of DAE, stated, “over the past year, my team and I have strengthened our engagement with our stakeholders on ESG issues; their feedback has helped inform and guide DAE in writing this report. In our ESG Report, we have laid out our targets, and we will be holding ourselves accountable to those targets over the coming years.
“Our customers, investors, and shareholders are increasingly recognizing their responsibility to be a part of the global transition to a low carbon economy, and we need to act now. DAE is making real carbon reductions through our initiatives both within our corporate real estate and in our aircraft portfolio.”
We are also working on improving our ESG Assessments, both through formalizing our policies and working to include Joramco in future ESG Reporting by DAE.
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Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.
DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.
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