DAE has recently completed its annual ESG Risk Review with Morningstar Sustainalytics, and has received an updated ESG Risk Rating score of 12.3 which was assessed by to be in the ‘Low Risk’ category.
DAE proactively responds to the CDP Climate Change Questionnaire and the S&P Corporate Sustainability Assessment
DAE’s Commitment to the Environment
DAE is committed to environmental responsibility. In 2022, DAE’s Scope 1 and Scope 2 GHG Emissions amounted to 3,896.1 tCO2e. DAE is working on a number of projects to further reduce these emissions.
DAE Capital has a young fleet with an average age of 6.5 years. In 2022, all of DAE’s capital commitments were in new technology aircraft with advanced design features. By investing in these aircraft, which have greater fuel efficiency, lower emissions, a lower noise footprint and we are helping our airline customers reduce their global environmental footprint.
DAE has a comprehensive aircraft end of life strategy. We work directly with our customers and industry partners to recycle end of life aircraft to reduce waste while maximizing the remaining value of the aircraft components and engines. Engines and landing gear from disassembled aircraft are, where possible, utilized elsewhere in the DAE fleet. Alternatively, engines are consigned and sold for disassembly. We encourage our aircraft recycling and dismantling service providers to comply with industry best practice including IATA’s Best Practices for Aircraft Decommissioning, and where applicable to obtain AFRA (Aircraft Fleet Recycling Association) accreditation.
In addition, in its premises, DAE encourages a variety of internal environmental initiatives including the use of energy efficient lighting, water conservation and a continued focus on recycling and reducing waste. Furthermore, DAE encourages staff to communicate using the latest conferencing facilities leading to reduced travel between offices.
DAE encourages staff to commute to work using public transport, by foot, or by bicycle where appropriate to do so. In some of our locations, DAE participate in public transport tax incentive schemes.
Connecting communities and investing in new, efficient technology
Water bottle project
DAE has provided all employees around the world with a durable water bottle, thereby saving over 100,000 single-use plastic water bottles within the company per year.
Gold and silver LEED ratings
DAE received gold and silver Leadership in Energy and Environmental Design (LEED) ratings for its offices. LEED certification is a globally recognized symbol of sustainability achievement.Later in 2021, DAE will be moving its head office to ICD Brookfield Place, an LEED Platinum office development in DIFC, which will further improve the sustainability of our corporate real estate.
New technology aircraft
DAE has a strong focus on new technology and fuel-efficient aircraft. 30% of DAE’s fleet are new technology aircraft, and DAE further reinforced its commitment to a transition to new technology aircraft with a 15 Boeing 737 MAX 8 order in April 2021, worth US$1.8 billion at list prices.
Wadi Shawka Cleanup hike
The DAE team cares about our environment and regularly organizes cleanup campaigns on beaches and other outdoor areas. One such cleanup campaign was a hike through Wadi Shawka, where members of the DAE team collected rubbish littered throughout the wadi.DAE’s People
DAE aims to achieve its vision to be a premier Aircraft Leasing company by executing its mission to deliver Excellence to clients, shareholders, investors and employees through living its values of Excellence, Integrity, Collaboration, Innovation and Agility
DAE employees hail from over 22 countries
Our Vision, Mission and Values
OUR VISION
TO BE A PREMIERAIRCRAFT LEASING COMPANY
OUR MISSION
TO DELIVER EXCELLENCETO CLIENTS, SHAREHOLDERS,
INVESTORS AND EMPLOYEES
DAE is an equal opportunity employer
DAE prides itself on giving opportunities to all. 41% of DAE Capital's employees are female.
PropelHer taking off as network for women in aircraft leasing
Lisa Lyons, Vice President Trading at DAE, co-founded PropelHer, an association for women in the aircraft leasing industry. The association currently has over 400 members, who benefit from networking events and ideas exchanges.
DAE’s Community Giving
DAE has a diverse, multicultural working environment and encourages its staff to engage in various initiatives to support local charities and to participate in physical and mental well-being activities. We specifically encourage Community Giving activities that have:
- a strong connection to DAE
- a strong connection to DAE staff, particularly where DAE staff are contributing
- a humanitarian perspective
SNF Virtual Art Workshop
DAE and Special Needs Future Development Center (SNF) hosted a virtual creative workshop. Twenty talented DAE employees tool up the challenge and painted on either a mug or bag along with young adults with special needs supported by SNF. All artwork was auctioned off, with over AED 5,000 being donated to SNF.
Heroes of Hope
In 2021, DAE supported Heroes of Hope, a not-for-profit group founded to develop sporting, social and interpersonal skills for people of determination in the United Arab Emirates.In March 2021, Heroes of Hope founder Hollie Murphy completed 7 Marathons in 7 Emirates in 7 Days. The purpose of the marathon was to create more awareness for children with special needs around the community, not just in Dubai and Abu Dhabi but across all Emirates.
Learning Experience Fashion Show
DAE has been an active supporter of the Miami Learning Experience School, both through financial contributions and volunteering work done by some of DAE’s Miami based employees. The School hosts an important annual fundraiser; a fashion show, luncheon, and silent auction, starring over 100 students with developmental disabilities in an effort to raise funds to support their programs and student scholarships. .
SNF It's Handmade
DAE, as part of its Community Giving Program, supported SNF in its fundraising activities by hosting SNF’s popup shop ‘It’s Handmade” at its office in Dubai on 18 September 2019. The students raised over AED 4,000 from the sales.DAE also sponsored a page in SNF’s 2020 desk calendar, and purchased 150 calendars to distribute amongst DAE employees. The funds raised and donated by DAE and its employees was used to support students who were unable to cover the cost of the programs run by SNF.
Advancing Women in Aviation Roundtable
Advancing Women in Aviation Roundtable (AWAR) is a not-for-profit organization in the U.S., founded in 2015, with aims to promote the development of women leaders in the aviation industry by developing actionable strategies and engaging with senior executives with a commitment to the belief that engagement with senior male colleagues is critical to driving change for women in the aviation industry.DAE has been an active sponsor of AWAR since 2019, helping AWAR’s platform to grow in the Middle East by supporting and managing their first ever in Dubai, as through DAE’s leadership’s active participation at AWAR events in Dublin and Dubai over the past number of years.
Bloomberg Square Mile Relay
The Bloomberg Square Mile Relay is an immersive, inclusive and purpose-driven experience that takes place in heart of 12 of the most vibrant financial hubs around the world. The event uses the power of sport and physical activity to address social challenges in each race city across the globe, with projects that deliver lasting positive social impact, long after the teams cross the finish line, through ‘The Extra Mile’. The 2019 event sought to raise much needed funds for the valuable service of the Emirates Red Cross who work to promote the spirit of solidarity and compassion within the community.
Supporting children and families affected by neurological disorders
DAE staff regularly host events in the Dublin offices in support of the Jack and Jill Foundation. Jack and Jill provide in-home nursing care and respite support for children up to the age of 6, with a range of neurodevelopmental issues including brain injury, genetic diagnosis, and severe cerebral palsy. Many of the children Jack and Jill care for have undiagnosed conditions. Jack and Jill also provide end of life care for children under the age of 6, regardless of diagnosis.
Mangrove Tree Planting
Emirates Marine Environmental Group (EMEG) is a non-profit organisation based in Dubai, whose mission is to preserve biodiversity in the United Arab Emirates by planting mangroves, protecting endangered species, and advancing scientific research.DAE recently supported EMEG with a Community Giving Day, where our employees worked with EMEG to plant over 250 mangrove saplings at the Jebel Ali Marine Reserve in Dubai, UAE.
DAE’s Governance
DAE is committed to good corporate governance, which helps us compete more effectively, sustain success, and build long-term shareholder value. DAE is governed by a Board of Directors which is supported by an Audit Committee, both of which meet throughout the year. Governance is a continuing focus at DAE, starting with the Board and extending to management and all employees DAE maintains a robust corporate governance framework via its internal board and committees.
DAE holds all its employees, independent contractors and other stakeholders to the highest standards of business and professional ethics and compliance. All employees and independent contractors are expected to hold themselves to the standards that are set out in our Codes of Conduct. DAE’s business standards are governed by a comprehensive suite of compliance documents that ensure DAE’s zero tolerance approach to ethical violations resonates though every element of how we do business globally. DAE has a suite of internal policies which set out the DAE approach and procedures on a range of topics including Know Your Customer, Anti Money Laundering, Sanctions Screening, Anti-Corruption, Data Protection, and Data Retention.
DAE employees participate in annual compulsory computer-based training on DAE’s Anti-Corruption and Code of Conduct policies.
DAE maintains an independently hosted ethics hotline to enable any concerns to be reported promptly and anonymously. Our hotline can be accessed by clicking here.
Our governance documents can be accessed by clicking here.
