Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has embarked on a new sustainability journey with the publication of ‘First Flight’, its first Sustainability Report. ‘First Flight’ outlines Spirit’s environmental, social and governance (ESG) strategy, including key goals for the current decade, and captures notable achievements in 2020.
Spirit recognizes that protecting the environment, and promoting the health and wellbeing of its employees, customers and communities are even more important following the impact of the COVID-19 pandemic on the company, the industry and the planet. Embracing its long history of innovation and partnerships, Spirit has pledged to advance more sustainable operations, products and services.
“We’re delighted to demonstrate greater transparency and accountability with the launch of our first Sustainability Report,” said Tom Gentile, President and CEO, Spirit AeroSystems. “This focus on sustainability will enable us to make better-informed and more robust decisions on our contribution to strengthening environmentally responsible aviation. Finding sustainable solutions for our business creates value for our stakeholders and helps secure our long-term future.”
The report illustrates how the organization is integrating ESG activities into business operations. Examples include Spirit’s ongoing commitment to:
Transition to renewable and recyclable resources
The Prestwick and Belfast, UK facilities are today 100 and 70 percent green-energy powered respectively. While the Wichita facility recycles more than 2 million gallons of process water daily and is expected to operate on 100 percent renewable energy by year-end.
Grow a healthy, values-based culture
By supporting programs like Catalyst CEO Champions for Change to accelerate diversity, inclusion and gender equity.
Participate in collaborative and consistent reporting
Through the Global Reporting Initiative, Sustainability Accounting Standards Board and Task Force on Climate-related Financial Disclosures frameworks.
“First Flight marks the beginning of an ambitious strategy to make measurable progress on our ESG performance,” said Chris Ladwig, Senior Director, Environment and Sustainability, Spirit AeroSystems. “It’s an exciting and rewarding experience to share our aspirations to achieve best business practice, including our engagement with the United Nations’ Sustainable Development Goals.”
On the web: www.spiritaero.com
On Twitter: @SpiritAero
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” that may involve many risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “goal,” “forecast,” “intend,” “may,” “might,” “objective,” “outlook,” “plan,” “predict,” “project,” “should,” “target,” “will,” “would,” and other similar words, or phrases, or the negative thereof, unless the context requires otherwise. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties, both known and unknown. Our actual results may vary materially from those anticipated in forward-looking statements. We caution investors not to place undue reliance on any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in such forward-looking statements and that should be considered in evaluating our outlook include, without limitation, the impact of the COVID-19 pandemic on our business and operations; the timing and conditions surrounding the full worldwide return to service (including receiving the remaining regulatory approvals) of the B737 MAX, future demand for the aircraft, and any residual impacts of the B737 MAX grounding on production rates for the aircraft; our reliance on Boeing for a significant portion of our revenues; our ability to execute our growth strategy, including our ability to complete and integrate acquisitions; our ability to accurately estimate and manage performance, cost, and revenue under our contracts; demand for our products and services and the effect of economic or geopolitical conditions in the industries and markets in which we operate in the U.S. and globally; our ability to manage our liquidity, borrow additional funds or refinance debt; and other factors disclosed in our filings with the Securities and Exchange Commission. These factors are not exhaustive and it is not possible for us to predict all factors that could cause actual results to differ materially from those reflected in our forward-looking statements. These factors speak only as of the date hereof, and new factors may emerge or changes to the foregoing factors may occur that could impact our business. Except to the extent required by law, we undertake no obligation to, and expressly disclaim any obligation to, publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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