PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1450342
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1450342
Financial Support and Sustainability Policies from the Government will Drive the Future Growth Potential of ESG Implementation
This report offers insights into the environmental, social, and governance (ESG) framework in the commercial aviation industry. The commercial aviation industry is focusing on ways to decarbonize its operations. However, there is an urgent need for common standards for the adoption and benchmarking of sustainable practices. The industry will need to collaborate to develop these standards, make sure they are transparent, and ensure holistic coverage of all ESG parameters. Financial support and governmental policies will also be critical to driving ESG applications in commercial aviation.
This study identifies the factors driving and restraining the adoption of ESG parameters in the commercial aviation industry. It analyzes the methods being applied to monitor the implementation of ESG practices and the measures being taken to improve upon the existing standards. The study examines how sustainability-linked financing can be deployed at the procurement level to benefit the entire value chain and identifies the growth opportunities emerging from the changes in this space that market players and stakeholders can leverage.