gkn aerospace – creating a culture of sustainability

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MAKING THINGS FLY Shaping the future of flight GKN Aerospace July 2021 Michiel Jas

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Page 1: GKN Aerospace – Creating a Culture of Sustainability

MAKING THINGS FLY

Shaping the future of flight

GKN Aerospace

July 2021

Michiel Jas

Page 2: GKN Aerospace – Creating a Culture of Sustainability

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Getting to know GKN Aerospace

£2.8BN SALES

41SITES

4GLOBAL

TECHNOLOGY CENTRES

15,000EMPLOYEES

13COUNTRIES

ON BOARD

100,000FLIGHTS A DAY

Page 3: GKN Aerospace – Creating a Culture of Sustainability

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One integrated business, with three core markets

Engines33%

Defense33%

Civil34%

1

1All percentages relate to total company sales at end 2020

OEM capability for RM12 engine, plus super Tier 1 capability across the entire engine architecture

Tier 1 expertise across fuselage, empennage and wing; plus landing gear, wiring and transparencies

Full SSA structure in place to support positions on leading US and European Defense platforms

Page 4: GKN Aerospace – Creating a Culture of Sustainability

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Industry

• Reduce and re-use energy

• Eradicate (hazardous) waste

• Increase use of renewable energy

Aviation

• Product Life-cycle performance

• Radical & disruptive innovation

• Recyclability

Community

• Awareness & education

• Climate risks & opportunities

• Engagement & Leadership

GKN Aerospace Environmental Sustainability

GKN Aerospace will put environmental sustainability at the heart of our business. We will design & build products to enable our Customers to deliver zero emissions & clean aviation. We will make meaningful progress each year minimizing our impact on the environment, conserving

natural resources and eradicating hazardous waste, while increasing business resilience and shareholder value. We want to ensure that people are able to take advantage of the tremendous benefits of aviation, but not at the cost of our planet.

A major challenge in our industry will be to reduce GHG emissions to net-zero. In order to address this challenge, GKN

Aerospace will require leadership, fostering ideas with a positive impact on society and government support to enable

radical and disruptive innovation.

GKN Aerospace will put environmental sustainability at the heart of our business. We will design & build products to enable our Customers to

deliver zero emissions & clean aviation. We will make meaningful progress each year minimizing our impact on the environment, conserving natural resources and eradicating hazardous waste, while increasing business resilience and shareholder value. We want to ensure that people are able to take advantage of the tremendous benefits of aviation, but not at the cost of our planet.

Page 5: GKN Aerospace – Creating a Culture of Sustainability

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Environmental Targets 2025:

• Reduce Scope 1 and 2 emissions intensity by 25%

• Source 50% of our global electricity from renewable sources

• Divert 95% waste from landfill

• Achieve X% of total R&D expenditure on climate-related R&D

• Achieve X% of new products which contribute to the decarbonisation

of our sector

GKN Aerospace Commitments

In 2019, GKN Aerospace committed to reducing its emissions in line with the Paris agreement and identified

6 particular SDG’s where we believe we can make the greatest difference.

Page 6: GKN Aerospace – Creating a Culture of Sustainability

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GKN Aerospace Plan of Action

Horizon 2

Horizon 3

Horizon 1

‘ Exploit’ our unique Material & Process capabilities to reduce waste &

create differentiation

‘ Expand’ our offering on new platforms

by designing enhanced solutions to leverage our IP

‘ Explore’ Inspiring our customers with

radical ideas and capabilities to transform the industry

Global strategy:

• Execute centrally coordinated Sustainability strategy

• Sustainability integration & leadership

• Coordinate & support local Sustainability initiatives

• Lead integrated reporting

Sustainability Workstreams:

• Making sustainable choices at home and at work

• Decisions are informed and aligned to our goals

• Inspiring our customers with sustainable products

• Energy, waste and emissions

• Supporting our suppliers towards sustainable goals

Sustainability Champions Network:

• Increase awareness and initiate local initiatives

Page 7: GKN Aerospace – Creating a Culture of Sustainability

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Statement:

Raw Material

Manufacturing

Transport

AssemblyOperations

Maintenance

Dismantling & Recycling

Reducing emissions of an aircraft in operationsis only thing that really matters…