Joby Aviation has released an environmental, social, and governance (ESG) report for 2022. The publication is a first for the California-based company and appears to be the first of its kind by an eVTOL aircraft developer.
ESG reports are increasingly de rigueur for public companies looking to define and establish their credentials for corporate responsibility beyond what laws require. The first main section is on safety and covers actions you would largely expect from any company involved in such safety-critical activities as building and operating aircraft. If anything, the sections of the report dealing with environmental sustainability and people/community seem more revealing in terms of Joby’s core beliefs and commitments to act progressively as well as responsibly.
Joby has sought to demonstrate that beyond its commitment to bring a net zero carbon aircraft into commercial service, it appreciates the need to get its own house in order when it comes to reducing the impact of its business on the climate and environment. So, for instance, the ESG report explains how it has started to measure the greenhouse gas emissions from its operations and then sought to mitigate these through measures such as transitioning to 100 percent renewable energy to run its offices and facilities. It is also acting to reduce waste in its business activities and in the manufacturing process, where it is now recycling carbon fiber and metal and reusing batteries.
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