Aviation leasing company AerCap announced that its indirect Scope 3 emissions intensity improved in 2024.

The company achieved an approximately 17% reduction in grams of carbon dioxide equivalents (gCO2e) per Available Seat Kilometer (ASK) across its entire fleet over the last decade, despite the doubling of its fleet size during the same time period. 

As detailed in its Corporate Responsibility Report, produced with reference to the Global Reporting Initiative (GRI) Standards, AerCap enhanced its Scope 3 Emissions disclosure with the inclusion of leased engine and helicopter emissions.

In 2024, the company mitigated 100% of its unavoidable Scope 1, 2 and 3 (business travel) emissions, achieving the goal set in 2021 to reach by 2024. AerCap met its previous target that was set in 2021 of having approximately 75% new technology aircraft. 

The company’s board-level ESG committee set a new target of achieving approximately 85% new technology across all assets by 2030, comprising aircraft, engines and helicopters.

AerCap also continued its corporate fleet modernization strategy to ensure the company owns the most in-demand, fuel-efficient aircraft and invested in approximately $55 billion in new technology aircraft since 2014.

“This year AerCap marks 50 years of powering global air transport. We are proud to be the partner of choice to hundreds of the world’s most successful airlines as the industry continues its sustainability journey,” said Aengus Kelly, CEO of AerCap, in a statement. “In 2024, we completed purchases of 150 assets, including 92 fuel-efficient aircraft, and sold 166 assets, including 98 aircraft with an average age of 15.3 years. This was a key driver in improving our Scope 3 emissions intensity by approximately 2% across our fleet last year. AerCap remains committed to collaborating with industry partners and policymakers to explore, advocate, and support meaningful progress toward net zero.”