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Boeing sustainability report: 39% of energy from renewable resources..$ 60 m in employee donations
The 2024 Boeing Sustainability Report said 39% of energy for Boeing’s operations was sourced from renewable electricity in 2023 through a combination of direct purchases and renewable energy credits.
The report highlighted that $60 million was raised in employee donations, including a boost from the Boeing Gift Match Program to charitable organizations.
Moreover, employee volunteer hours upped by 100,000 hours in 2023 standing at a total 477,000 hours invested into charitable causes worldwide, according to the report which outlined the company’s progress in support of its people, its environment, and its communities.
The report referred to a 6.4-point increase in the percentage of the company’s US workforce that is made up of racial/ethnic minorities, and a 1.2-point increase in the percentage of Boeing’s global workforce that is women, both since 2020.
The company has engaged over 100 influential stakeholders engaged, and 20 major events supported with the Boeing Cascade Climate Impact Model that analyzes aviation’s strategies to cut emissions.
Boeing has been evolving its carbon management approach to an ‘avoid first, remove second’ strategy.
Avoiding first entails the prevention of carbon emissions by reducing and/or avoiding those emissions at the source, for example, by continuing to invest in renewable energy and efficient infrastructure while encouraging resource conservation.
Removing second means utilizing offsets and removals for hard to abate emissions. To strengthen and diversify our offset portfolio over time, Boeing is increasing its investments in permanent carbon removal projects. Boeing will also support important technology and policy development in support of the Carbon Offsetting Removal Scheme for International Aviation (CORSIA), the global market-based measure our airline customers’ support.
Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.
The report has outlined the company’s progress in support of its people, its environment, and its communities.
“We’re honored to share the steady progress we’ve made on sustainability, which will always be anchored in safety and quality,” said Boeing Chief Sustainability Officer Brian Moran. “As we recommit to these fundamental values, it is energizing to see our company’s focus on helping our industry decarbonize while uplifting our communities and driving a culture of inclusion where everyone’s voice is heard.”
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