In 2023, the aviation industry saw further collaboration among stakeholders, technological innovation, and supportive policies that will be crucial in driving sustainable aviation forward. Governments are actively changing the operating landscape and CDB Aviation welcomes the significant progress that has been made in Europe with the introduction of policy instruments to encourage behavioural change.
I am delighted to present CDB Aviation's second Sustainability Report and to provide an update on the progress made on our sustainability journey during the year.
Over the last 12 months, we have further embedded sustainability into our core strategy, with a focus on the twin pillars of Managing our Impact and Maximising our Influence across our business and the broader industry. In 2023, we were pleased to receive a 'Low ESG Risk' rating from Morningstar Sustainalytics, which placed us in the 6th percentile within our industry group. This speaks to the level of progress we have made across a range of sustainability initiatives and to our efforts in building on our sustainability agenda.
CDB Aviation is a full-service aircraft leasing platform with a global footprint, offering airline customers a suite of fleet solutions – new and used aircraft leases, sale / leasebacks and financing. We are backed by China Development Bank, China’s largest development bank, and one of the world’s largest institutions supporting domestic and foreign infrastructure projects.
CDB Aviation is 100% owned by CDB Leasing, which is a public limited company listed on the Hong Kong Stock Exchange. CDB Leasing is a top financial leasing company in China and a subsidiary of China Development Bank.
To enable air travel by leasing the most popular and sustainable modern aircraft types to airlines around the world.
To achieve our business mission by actively responding to sustainability risks and opportunities that will fundamentally shape our industry’s future and the future of the world.
Managing Our Impact
Actively managing the material sustainability risks and opportunities facing our business.
Maximising Our Influence
Working with partners to accelerate our industry’s progress towards a more inclusive, sustainable future.
our customers to achieve their sustainability goals by incentivising, encouraging and supporting them to make progress.
with all players in the aviation ecosystem to drive change.
our efforts on the things we can control or influence and have a meaningful impact.
As an enabler of air travel, CDB Aviation has the ambition to be Net Zero carbon by 2050. We are paving the way for an industry transition through building a more sustainable fleet, utilizing sustainable finance and supporting SAF development. 2023 was a key year as we established our road map to Net Zero and signed our first sustainability linked loan.
CDB Aviation operates in a people critical industry. At all times, our people are our greatest asset. Therefore, we are fully committed in building an inclusive, equitable and safe workplace where our people are respected and taken care of. We continue to advance in education, development and wellbeing to empower our people to achieve and thrive at every stage of their journey with CDB Aviation and across the aviation leasing industry. Our engagement extends to the communities we operate in where we leverage our resources and human capital to underpin values we care about in a sustainable and meaningful manner.
Good governance is at the heart of any organisation, it upholds the company’s integrity, achieves more open and robust procedures and adopts strong legal compliance. It provides transparent rules and controls across all levels of business, ensuring the correct procedures are in place to facilitate open and efficient high-quality decision-making processes, provides guidance to leadership and aligns the interest of shareholders, directors management and staff members. Our strong governance framework is exemplified by our approach to compliance, risk management and information security allowing us to build an environment of trust, inclusivity, transparency and accountability necessary to foster long term investment, financial stability and business integrity.
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