- Lack of readily available low-carbon power for aircraft and harsh climates
- Limited supply of SAF (Sustainable Aviation Fuel) in Canada
- Technical challenges using SAF in extreme temperatures and harsh environments
- Severe weather conditions and natural disasters disrupting service
- Increases in frequency, severity, or duration of severe weather events impacting fuel consumption, delays, and cancellations
- Shifting climate variables impacting demand for services
- Supply chain disruptions impacting material availability and cost
- Continued lack of consistent climate change legislation creating economic and regulatory uncertainty
- Potential for increased fuel costs, carbon taxes or fees, and/or a requirement to purchase carbon credits.
Exchange Income Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Exchange Income Corporation disclosed greenhouse gas emissions of 269.4K tCO2e (Scope 1) + 4814 tCO2e (Scope 2) = 274250 tCO2e. By scope: Scope 1: 269.4K tCO2e/year; Scope 2: 4.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
269.4K tCO2e (Scope 1) + 4814 tCO2e (Scope 2) = 274250 tCO2e
2023
Water Usage
147.1K m3/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 269.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 269.4K tCO2e (Scope 1) + 4814 tCO2e (Scope 2) = 274250 tCO2e |
| 2021 | 179.9K + 4233 + 4122 tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Third-party expert reviewed methods and calculations for reporting Scope 1 & 2 emissions
- Hosted ESG summit with subject matter experts
- Conducted analysis of Scope 3 emissions most material to EIC
- Announced investment in a full motion King Air simulator
- Continued to advance discussions with providers of alternative power solutions
- Continued developing intensity-based GHG emission measurements
- Analyzed and considered an appropriate carbon offset program for a certain subsidiary to be net zero as it relates to a specific contract
- Regional One recycled or repurposed 60,208 kilograms of materials from three Bombardier CRJ 700 aircraft and planted 900 trees to offset carbon emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implement processes to measure material Scope 3 emissions
- Refine emission intensity measurements for each business line
📅 Medium-term
- Develop a strategy and action plan to reduce GHG emissions
- Assess energy use and implement programs to maximize efficiency
- Transition fleet of aircraft to hybrid and/or SAF
🔭 Long-term
- Decarbonize operations and supply chain
🌱 ESG Focus Areas
Climate ChangeTraining & DevelopmentDiversity, Equity and InclusionHealth & SafetyQuality & SafetyCorporate Citizenship & PhilanthropyIndigenous RelationsBoard Structure & GovernancePrivacy and Cybersecurity