Atlas Air Worldwide Releases Environmental, Social and Governance Report

Rhea-AI Summary

Atlas Air Worldwide Holdings (Nasdaq: AAWW) released its second environmental, social, and governance (ESG) report, emphasizing its sustainability efforts and progress in 2020. The report, themed 'Caring for the World We Carry', details key initiatives across four ESG priorities: Responsible Business Growth, Environmental Stewardship, Career, Culture & Equity for Our People, and Social Impact & Community Engagement. Highlights include supporting local communities during the pandemic, enhancing ESG oversight, completing sustainable aviation fuel test flights, and improving employee experience through diversity and inclusion strategies.

Positive

• Transporting critical PPE, COVID-19 vaccines, and e-commerce deliveries globally.
• Incorporating environmental matters into the Board of Directors' governance structure.
• Completing a sustainable aviation fuel test flight, improving fleet fuel efficiency.
• Launching initiatives to enhance employee diversity and work-life quality.

Negative

• None.

Company’s Second Report Features ESG Priorities and Highlights Progress Made in 2020

PURCHASE, N.Y., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the release of its second environmental, social and governance (ESG) report.

Featuring the theme “Caring for the World We Carry,” the 2020 ESG Report shares milestones in the Company’s ongoing sustainability journey. The report highlights progress on key initiatives and programs that support the Company’s four overarching ESG priorities: Responsible Business Growth; Environmental Stewardship; Career, Culture & Equity for Our People; and Social Impact & Community Engagement.

“We are dedicated to advancing our environmental, social and governance commitments and helping to lead our industry forward,” said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. “Our long-standing commitment to be a responsible corporate citizen is ingrained in our company culture. This commitment has served as the foundation for how we have navigated the pandemic in 2020 and continue to do so today. We appreciate the efforts of our extraordinary team around the world as we continue to make progress on our ESG priorities.”

Key highlights from our 2020 performance include:

• Enhancing global prosperity and supporting local communities by transporting critical personal protective equipment, COVID-19 vaccines and e-commerce deliveries around the world, donating meals to frontline responders and charitable organizations, and continuing our long-standing commitment to Junior Achievement.
• Prioritizing the Company’s ESG efforts with the addition of environmental and sustainability matters to the purview of our Board of Directors’ Nominating and Governance Committee. In addition, we hired an experienced leader to accelerate and expand our ESG efforts in the newly created role of Director of Corporate Social Responsibility.
• Serving as responsible environmental stewards, including completing a transoceanic sustainable aviation fuel (SAF) test flight, voluntarily tracking and reporting emissions in accordance with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), and upgrading our fleet to continually improve our fuel efficiency.
• Strengthening the employee experience by elevating the quality of work life for all employees through the launch of our Elevate Atlas initiative, enhancing the Company’s diversity, equity and inclusion (DEI) strategy through the formation of two DEI Councils, and celebrating the creation and growth of employee-led initiatives.

About Atlas Air Worldwide:

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasairworldwide.com.

Contacts:
Investors:  InvestorRelations@atlasair.com 
Media: CorpCommunications@atlasair.com 

FAQ

What are the key highlights from Atlas Air's ESG report for 2020?

Atlas Air's ESG report highlights include transporting PPE and vaccines, enhancing governance for ESG matters, completing a sustainable aviation fuel test flight, and improving employee work-life quality.

How does Atlas Air support local communities according to their ESG report?

Atlas Air supports local communities by donating meals to frontline workers and charitable organizations and facilitating the transport of essential goods during the pandemic.

What initiatives has Atlas Air taken to improve employee experience?

Atlas Air has launched the Elevate Atlas initiative to improve work-life quality and established Diversity, Equity, and Inclusion Councils.

What is the theme of Atlas Air's 2020 ESG report?

The theme of Atlas Air's 2020 ESG report is 'Caring for the World We Carry'.

What role has Atlas Air's Board of Directors taken in ESG efforts?

The Board of Directors has added environmental and sustainability matters to its Nominating and Governance Committee to prioritize ESG efforts.