Engine Lease Finance Corporation (ELFC), headquartered in Ireland, is a leading player in the aviation finance industry, specialising in the leasing and management of aircraft engines. Founded in 2006, ELFC has established a strong presence in key operational regions, including Europe, North America, and Asia, providing tailored solutions to airlines and lessors worldwide. The company offers a unique portfolio of services, including engine leasing, trading, and asset management, distinguished by its commitment to customer-centric solutions and operational excellence. With a focus on enhancing fleet efficiency and minimising downtime, ELFC has achieved notable milestones, positioning itself as a trusted partner in the aviation sector. Its innovative approach and extensive industry expertise have solidified its reputation as a market leader in engine leasing and management.
How does Engine Lease Finance Corporation'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.
Mean score of companies in the Machinery Rental 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.
Engine Lease Finance Corporation's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Engine Lease Finance Corporation, headquartered in Ireland (IE), currently does not report specific carbon emissions data, as no emissions figures are available. The company is a current subsidiary of Mitsubishi HC Capital Inc., which may influence its climate commitments and performance metrics. As of now, Engine Lease Finance Corporation has not established any documented reduction targets or climate pledges. This lack of specific initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data and reduction commitments, it is essential for Engine Lease Finance Corporation to consider aligning with industry standards and best practices in climate action. This could involve setting science-based targets and participating in initiatives such as the Science Based Targets initiative (SBTi) to enhance its sustainability profile and contribute to global climate goals.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 7,015,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,277,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | - | 0,000,000,000 |
Engine Lease Finance Corporation's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, 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 "Downstream Leased Assets" being the largest emissions source at 99% of Scope 3 emissions.
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.
Engine Lease Finance Corporation 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.