Our ESG commitments
Zebu Air is committed to our ESG strategy, to manage our own carbon footprint, help customers decarbonise across the aviation industry and to promote industry collaboration on climate issues.
Environmental, Social, and Governance commitment explained
Environmental, Social, and corporate Governance (ESG) is a strategic framework for identifying, assessing, and addressing organizational objectives and activities ranging from the company’s carbon footprint and commitment to sustainability, to its workplace culture and commitment to diversity and inclusion, to its overall ethos regarding corporate risks and practices. It’s an organizational construct that’s become increasingly important, especially to socially responsible investors who want to invest in companies that have a high ESG rating or score.
The three main pillars of ESG include:
- Environmental commitment: This includes everything around a company’s commitment to sustainability and the impact it has on the environment, including its carbon emissions and footprint, energy usage, waste, and environmental responsibility.
- Social commitment: This covers a company’s internal workplace culture, employee satisfaction, retention, diversity, workplace conditions, and employee health and safety. Companies with happy and healthy employees perform better and are viewed as a stronger investment.
- Corporate governance: A company’s commitment to governance includes compliance, the internal corporate culture, pay ratios, the company ethos, and transparency and accountability in leadership. Investors are interested in companies that can keep up with changing laws and regulations, and that have a commitment to equity and equality in the workplace.
On the social side, we want to continue to have a positive social impact in the communities in which we work and to forge ahead with our plans around Equality, Diversity and Inclusion. We also want to ensure that our approach to corporate governance continues in line with best practice and ESG is incorporated into the framework.
Environment
Our environmental strategy is focused on four elements: Reduce, Manage, Accelerate, Collaborate
While flying is acknowledged as having huge socio-economic benefits, there is a cost to the environment.
As aircraft operator, we acknowledge the role we have to play in mitigating those harmful effects.
PROGRESS TO DATE
Also since the launch of this strategy we have made progress on its implementation:
- We have an education programme in place for employees to assist them in managing their own carbon footprints, both in and outside the workplace.
- We are well on our way to delivering on our target of 20% new technology aircraft by 2030.
- We are also actively working with a number of French companies to collaborate on environmental initiatives.
- We purchase forest field in Madagascar. Each year, we plan to extend the number of hectares of forest.
Social
Our social strategy is based on four elements: Attract, Deliver, Champion, Create
We can make a meaningful difference to the people we employ, in the companies that we work with, and in the communities where we have a presence.
We aim to leave a lasting legacy for those that are less fortunate in society through our comprehensive CSR (Corporate Social Responsibility) program and to advocate for inclusion through our approach to Equality, Diversity, and Inclusion.
MOSAIC
We are committed to giving back to the communities in which we operate at both local and international levels. We approach our CSR programme in a deliberate, well-structured, and meaningful way.
Known as Mosaic, our Equality Diversity and Inclusion (EDI) committee aims to create a workplace and wider industry that is representative of the world we live in, rich in all forms of diversity.
CORPORATE RESPONSIBILITIES
Our people strategy is aligned with our business strategy, and we actively strive for diversity in recruitment, whether executed internally or externally. Our bi-annual surveys allow us to listen to our employees and respond quickly in areas that need to focus or support. Our wellbeing programme, Elevate, provides employees with resources to support a healthy lifestyle. And our CSR and Sports and Social initiatives create a real community within and outside the company.
Measuring our impact is the only way this can be achieved, and we have robust measurement systems in place to ensure that we are achieving desirable and lasting outcomes.
Governance
Our Governance Strategy is based on four elements: Comply, Provide, Protect, Ensure
We take governance very seriously. We have put robust structures in place to ensure that we commit to the highest standards of governance and reporting.
Our legal and compliance teams ensure that these standards are maintained across our entire business and that all of our colleagues understand the importance of these processes.
OUR STANDARDS
Rigorous due diligence of customers and other counterparties is undertaken to ensure appropriate legal and ethical standards.
Over the years, we have built a compliance framework covering a range of areas including anti-money laundering, counter-terrorist financing, sanctions compliance, anti-fraud, anti-bribery, personal account dealing, data protection, competition law compliance, and whistleblowing. This framework is updated regularly.
Our internal governance structures are robust, open and transparent. We conduct regular meetings of our boards and committees to consider transaction proposals.
Timely financial information is provided to all relevant authorities and our investor base is fully transparent. We engage in regular company-wide training in compliance and information security matters, with clear reporting lines.
CORPORATE RESPONSIBILITIES
We have a compliance framework covering a range of areas including anti-money laundering, counter-terrorist financing, sanctions compliance, anti-fraud, anti-bribery, personal account dealing, data protection, competition law compliance, and whistleblowing.