3) Frontier Industry Opportunities (Transitional, long term)
Our extensive experience in operating search and rescue missions that include locating, extracting
and offering emergency medial evacuation and support positions us to potentially support natural
disaster relief initiatives and other first responder programs, as demand for such services continues
to grow. Our long history of operating offshore logistics and transportation flights also positions us to
potentially assist with the commercial development, operation, and maintenance of offshore wind
farms. Demand for aerial transportation in the offshore wind industry, though nascent, is an
opportunity for Bristow to diversify operations into renewable energy and create additional value for
our shareholders. As these other industries develop, we will continue to evaluate relevant business
opportunities and meet customer demand.
4) Sustainability-Focused Customers (Transitional, medium term)
Deploying low and zero-emitting aircraft increases our competitive position, as consumers
increasingly prioritise sustainability. Investment in zero-emission aircraft not only will strengthen our
relationships with the communities where we operate but will also position Bristow for exposure to
new end markets.
We will continue to monitor developments in UK sustainability reporting standards to mitigate the
impact of all the above climate related risks and opportunities.
Resilience
The Company has assessed operations to be highly resilient to the impacts of climate change under
all scenarios considered. The scenarios considered were business as usual ( > 2 degrees celsius)
and an accelerated climate action scenario ( < 1.5 degrees celsius, as a result of a major shift
towards prioritising climate action). The 1.5 degree scenario was chosen as it relates to the goals of
the Paris Agreement.
Environmental Initiatives
The Company, through its UK subsidiaries, was one of the first vertical lift operators in the UK to
obtain International Organisation for Standards (“ISO”) 14001 certification, which certifies that our
UK operations have an environmental management system (“EMS”) in place that monitors,
manages, and delivers continuous improvement at our bases of operations. We aligned our
enterprise-wide EMS with the IS0 14001 requirements, and the Company is strategically
implementing this framework across our global operations. We also have undertaken proactive
measures at the Bristow Group Inc. ("Group") level to lower aircraft emissions and reduce the
environmental impact of our operations by monitoring operational practices to decrease our time
running aircraft on the ground, utilising a fleet of efficient and regularly maintained aircraft supported
by current technologies, such as flight planning software for payload management, and by
partnering with our customers to maximize seat utilisation, thus reducing the number of flights
required. We are actively developing a forward looking strategy to improve the efficiency of our fleet
and ensure alignment with customer contract terms. On the ground, we initiated the process of
replacing inefficient, older support vehicles with electric vehicles (EVs) where feasible. Additionally,
we encourage and assist our engine manufacturers, aircraft manufacturers, customers and other
stakeholders to be early and leading adopters of sustainable aviation fuels (“SAF”) as we encourage
wider availability of these alternative fuels by our fuel suppliers. We have successfully flown limited
sets of SAF powered flights for our energy and search and rescue (“SAR”) businesses in the North
Sea.
The Group focuses on the following initiatives each year to support its EMS requirements:
1) Policy and metric alignment:
a. Reviewing, updating, and sharing our global Environmental Policy with all affiliate locations.
