CEO Message

I am pleased to present our report, which outlines our renewed commitment to building a sustainable and more inclusive future while improving our transparency and accountability in relation to environmental, social, and governance (ESG) issues.

The global pandemic has disrupted many facets of our lives and uncovered shortcomings in the world’s environmental and social systems. These challenges have also created an increased sense of awareness and determination to combat climate change and social injustices. We recognize that the scope of sustainability goes beyond summarizing sustainability initiatives. Quantification and accountability are vital to demonstrating the impact of our actions.

In 2021, we transformed our corporate sustainability initiatives into a formal ESG program. We developed a strategy that captures our strong commitment to ESG, reflects our values, aligns with our stakeholder ESG interests, and strengthens our organization’s ESG program management disciplines. We established our formal ESG strategy by:

• aligning to globally recognized frameworks such as the Global Reporting Index (GRI) and United Nations Sustainable Development Goals (UN SDGs);
• undertaking a materiality assessment to identify key ESG issues that are important to our stakeholders and our business;
• developing a purpose statement that resonates with stakeholders in our ecosystem;
• reconfiguring our sustainability governance structure to focus on initiatives, quantification, and stakeholder engagement; and
  challenging ourselves to continually improve by establishing ambitious, long-term goals and targets.

Part of our comprehensive ESG strategy includes a detailed implementation road map that helps us focus on key initiatives to achieve our sustainability goals.

Our sustainability purpose statement, “Building lasting partnerships and delivering sustainable solutions, together, we pursue brighter horizons”, will serve as the guiding light throughout the execution of our ESG strategy and reminds us of how important sustainability is to us and our stakeholders.

I am proud of the progress we have made in our commitment to ESG this past year. Like others around the world, the Chorus group of companies continues to face challenges and yet displays tremendous resilience due to the strength, resolve, and creativity of our people. Guided by an unwavering commitment to our values, our employees remained focused on the safety and integrity of our operations. I thank them for their professionalism and dedication to Chorus.

In 2022, we continue to focus on securing Chorus’ future and on sustainability. Earlier this month, we finalized the acquisition of Falko – a defining transaction in the history of our company. The combination of Chorus and Falko creates the world’s largest aircraft lessor focused solely on investing in the regional aircraft space and a premier full-service regional aircraft platform, including asset management services. The acquisition results in scale, diversity, and an expansive footprint that, when coupled with increased access to growth capital, will provide ample opportunities to better serve our customers and create value for all stakeholders. Falko’s recent efforts to be at the forefront of greening the aviation sector will complement our overall ESG program.

We look forward to the next chapter of our ESG journey and will work with our stakeholders to do the work necessary to deliver on our commitments.

Together, we pursue brighter horizons.

Joseph D. Randell