Approximately 4.7 billion passengers will fly to their destinations, according to the International Air Transport Association in 20241. As demand for air travel increases faster than other transit sources2, aviation has received scrutiny of the amount of carbon emissions that are emitted into the atmosphere by aircraft3.
However, all industry sectors have a role to play in reducing emissions. According to the (ICAO), with steady increase in the global demand for air travel forecasted, the need for sustainable recovery and growth is crucial. For that reason, aviation industry leaders have been pressing governments to implement international climate standards, culminating in the goal of achieving net zero carbon emissions by 2050. Many of our clients are committed to net zero goals by 2050 and we support them through the varying stages of their journey.
Revamping “Flightlight”
Historical data shows technological improvements in airframes and engines have driven efficiencies in flight, delivering an 80% improvement between 1950 and 2010. Through deployment of new technology, operational and infrastructure efficiencies and improvements in fleet utilization, a flight a passenger takes today will on average produce 54% less carbon emissions than the same flight in 1990, according to the Air Transport Action Group. New aircraft available today can be up to 20-30% more efficient than the models they replace and as operators continue to revitalize their fleets, we will continue to see improvements in emissions.
With steady growth in travel expected to triple emissions by 2050, the aviation industry continues to innovate with the development and testing of electric, hybrid electric and hydrogen propulsion systems. The industry has optimized aircraft systems with the use of composites and additive manufacturing. Many operators are already utilizing sustainable aviation fuels (SAF) in their operations and the industry continues to work with government and private enterprises to develop and support the infrastructure needed for the global demand of SAF. Operators are also identifying and implementing piloting techniques to improve flight efficiency, both on the ground and during flight, that reduces fuel consumption, without impacts to safety. Similarly, the industry is working together on various research projects aimed to improve the understanding of contrail impacts and potential feasibility of future solutions to reduce non-CO鈧� effects. And others are working with municipalities on next generation air traffic and ground optimization systems, thereby enhancing the flow of traffic and reducing emissions.
Beyond aircraft, systems and fuel improvements, the industry is also focused on additional initiatives to reduce carbon emissions. Our insureds continue to make improvements to their operations to reduce water use, increase utilization of renewable energy sources as well as continue to invest to recycle and reuse materials in the circular economy.
Within the cabin, operators are committed to reducing single-use plastic and working closely with suppliers to identify alternatives like paper and bamboo; many have also removed plastic bags and are introducing locally sourced amenity kits as well as fabrics made from recycled materials as well offering carbon offset programs to their clients. The industry also continues to increase the ground support equipment that is run on electricity versus gas and many clients are working with municipalities on next generation air traffic and ground optimization systems to help reduce aviation’s effects on the environment.
Supporting sustainability
There is a correlation to sustainability, safety and aid with the use of aircraft and unmanned aerial systems (UAS) for aerial firefighting, humanitarian aid, aerial photography, pipeline patrol, survey and leak detection.
When aircraft are not being used to support mitigation of wildland fires, they may be used for other natural resource management activities, such as conducting aerial surveys of wildlife populations and forest health to help prevent future fires.
In the aftermath of a disaster, aviation constitutes an essential lifeline for the people affected, as the efficient arrival of life-saving equipment, supplies, and humanitarian experts is critical in the first hours after an event occurs. Similarly, medevac operations are frequently used to ensure expedient patient and/or organ transfers to facilitate life expectancy.
Aerial photography is useful for regional analysis and evaluation of specific sites, it also helps to view changes in landscapes over time. In terms of landscape stewardship initiatives, aerial photography can help client’s understand and track their environmental impact and minimize their operational footprint.
Pipeline patrol helps to visibly inspect areas for possible damage or safety hazards, as well as for leak detection and stockpile surveying; essential for facility inspections and asset integrity management.
Utilizing aircraft and UAS for stockpile surveying helps to accurately measure stockpile volume in order to avoid excess and waste. Accurate stockpile measurements allows a company to make efficient strategic planning for "machine downtime" or when to reestablish mining operations. This helps to evaluate inventory, calculate emissions, ensure workers are not put in unnecessary dangerous/hazardous situations (effectively placing a barrier of protection between workers and work/materials) and increases accuracy in inventory tracking and efficiency for greater sustainability efforts and workplace safety. Similarly, aircraft and UAS with specialized equipment for methane leak detection helps companies maximize productivity by finding and fixing leaks, which is also critical to reducing emissions, as well as essential for providing enhanced quality control.
An Ecosystem of support
As insurers, we support the efforts of our clients who continue to lead in sustainability initiatives, as well as those who are starting their sustainability journey. Our insurance product offerings are meant to protect our client’s balance sheets, and the lifecycle of research, testing and implementation of these technologies and processes.
Through our Safety Optimization and Aviation Research Program (SOAR) and we go beyond the policy, providing our clients with access to vendor partners and resources that offer a comprehensive approach to reducing loss, mitigating risks, and protecting valuable assets and people.
Beyond insurance, the AXA XL’s Aviation team provides decades of expertise to every client. On average, our team of aviation specialists has 20 years of experience from an underwriting and claims level. We understand the industry and the new technology, we closely follow the sustainability developments across the industry, and we bring a wealth of insurance and underwriting knowledge to each client’s unique operations.
We believe that insurance should enable global economic activity, and that we as insurers have a role to play in supporting the transition to net-zero. We are also committed to future-focused sustainability. In order to mitigate the environmental issues that cause damage and loss, we are putting our efforts and financial resources to work to help our clients create new ways to conduct business. As a global insurer, 色多多视频has made commitments to decarbonizing its underwriting portfolio reflecting the role that we have in the global economy. We are increasing our client base in the renewable energy sector and other sectors transitioning to low carbon business models – supporting the transition to net-zero. We are also reducing the absolute carbon emissions of our largest corporate accounts by 30% and the carbon intensity of other corporate portfolios by 20% by 2030. Likewise, we are strengthening the role we play as a key partner through engagement with our clients, helping in transitioning their business, and taking a stewardship approach to climate.
The world doesn't stop; it advances. Technologies advance. Our job is to be there when there are new initiatives in the aerospace industry that support the march toward net zero carbon emissions. We are eager to work with our clients as they transition to net-zero, supporting this journey through engagement (leveraging risk management expertise) and developing products and services that help the industry achieve its goals.
AXA XL’s Aerospace 色多多视频 team offers a comprehensive suite of aviation insurance options. Through our global underwriting platform, we offer products that are designed to meet the specialized needs of our aerospace clients, whether Airlines, Aerospace manufacturers, Airports, Airport service providers, Airline service providers, Charter operators, Fixed base operators, Financial institutions, Flights schools, Pleasure and business aircraft operators and Rotorwing operators.
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2. International Civil Organization
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Global Asset Protection Services, LLC, and its affiliates (鈥溕喽嗍悠礡isk Consulting鈥�) provides risk assessment reports and other loss prevention services, as requested. In this respect, our property loss prevention publications, services, and surveys do not address life safety or third party liability issues. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. The provision of any service does not imply that every possible hazard has been identified at a facility or that no other hazards exist. 色多多视频Risk Consulting does not assume, and shall have no liability for the control, correction, continuation or modification of any existing conditions or operations. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any document or other communication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, 色多多视频Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with our services, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.
US- and Canada-Issued 色多多视频 Policies
In the US, the 色多多视频insurance companies are: Catlin 色多多视频 Company, Inc., Greenwich 色多多视频 Company, Indian Harbor 色多多视频 Company, XL 色多多视频 America, Inc., XL Specialty 色多多视频 Company and T.H.E. 色多多视频 Company. In Canada, coverages are underwritten by XL Specialty 色多多视频 Company - Canadian Branch and AXA 色多多视频 Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following 色多多视频surplus lines insurers: XL Catlin 色多多视频 Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor 色多多视频 Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.
