Global aviation services company Dubai Aerospace Enterprise (DAE) has completed its annual review with Morningstar analytics, receiving the lowest ESG risk rating of all rated aircraft lessors assessed by the company.
With a score of 12.5, DAE’s ESG risk rating has been assessed as ‘Low’, an improvement over the previous score of 14.6. “We have continued to demonstrate effective ESG risk management at DAE… and we have retained our industry-leading position,” commented Firoz Rarapoe, DAE CEO. “We are continuing to engage with our stakeholders on ESG issues and are committed to supporting the aviation industry in its decarbonization journey,” he concluded.
Morningstar Sustainalytics’ ESG risk ratings provide a quantitative measure of ESG risk, distinguishing between five levels of negligible, low, medium, high and severe. The methodology is described by DAE as a ‘multi-dimensional way of measuring ESG risk’ which ‘combines the concepts of management and exposure’ to obtain a score ‘that is comparable across all industries’.