Avolon Sustainability Profile
Avolon, officially known as Avolon Aerospace Leasing Limited, is a leading aircraft leasing company headquartered in Ireland (IE). Founded in 2010, Avolon has rapidly established itself as a key player in the aviation industry, specialising in the leasing and management of commercial aircraft. With a strong operational presence across major regions including North America, Europe, and Asia, Avolon offers a diverse portfolio of services tailored to meet the needs of airlines worldwide. The company’s core offerings include operating leases, finance leases, and asset management services, distinguished by their commitment to customer-centric solutions and innovative financing structures. Avolon has achieved significant milestones, including a robust fleet of over 500 aircraft, positioning it among the top aircraft lessors globally. With a focus on sustainability and efficiency, Avolon continues to lead the way in the evolving landscape of aviation finance.
DitchCarbon Score
How does Avolon's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Air Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Avolon's score of 26 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avolon's reported carbon emissions
In 2023, Avolon reported total carbon emissions of approximately 16,014,162,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99.7% of the total. Specifically, Scope 1 emissions were 184,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions totalled 43,000 kg CO2e from purchased electricity. Over the past few years, Avolon has seen fluctuations in its emissions. In 2022, total emissions were about 12,733,242,000 kg CO2e, with Scope 1 at 278,000 kg CO2e and Scope 2 at 66,000 kg CO2e. In 2021, emissions were approximately 9,671,315,000 kg CO2e, with Scope 1 at 307,000 kg CO2e and Scope 2 at 73,000 kg CO2e. The trend indicates a substantial increase in Scope 3 emissions, particularly from upstream leased assets. Avolon is a current subsidiary of Avolon Holdings Limited, and its emissions data is cascaded from this parent organisation. The company has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. Overall, Avolon's emissions profile highlights the significant impact of Scope 3 emissions, particularly from upstream leased assets, which necessitates a strategic approach to climate commitments and emissions reduction initiatives in the aviation leasing sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 340,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 94,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 18,095,225,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Avolon's Industry?
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Avolon's Scope 3 Categories Breakdown
Avolon's Scope 3 emissions, which increased by 26% last year and decreased by approximately 12% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 93% of Scope 3 emissions.
Top Scope 3 Categories
Avolon's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Avolon has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
