At Atlas Air Worldwide, we believe we do well when we do good. Our commitment to environmental, social and governance (ESG) performance is embedded in how we do business and reflected in our commitment to Caring for the World We Carry.
In 2022, we made progress in all four areas of our ESG program: Environmental Stewardship; Career, Culture & Equity for Our People; Social Impact & Community Engagement; and Responsible Business Growth.
During the year, we formalized our carbon emissions reduction goal to reduce our Scope 1 emissions by 20% by 2035. Atlas also supports the International Air Transport Association (IATA) and Airlines for America (A4A) goal to achieve net-zero carbon emissions by 2050. To work toward our 2035 goal, we have prioritized technology investments that expand our capabilities and lower our carbon footprint. In 2022 and early 2023, we introduced four new, sophisticated and efficient Boeing 747-8F freighters to our fleet and announced the purchase of four new Boeing 777-200LRFs. We also continue to identify opportunities to incorporate sustainable aviation fuels (SAFs) into our jet fuel mix and utilize and enhance our fuel management software to measure and improve fuel and route efficiency.
Beyond our work to protect the environment, we continued our strong focus on improving the employee experience and enhancing our culture of diversity, equity and inclusion (DEI). We believe we are stronger when people feel empowered to bring their true selves to work each day and are supported with rewarding career and professional development opportunities. During the year, we introduced new DEI training; enhanced our employee engagement initiatives; and expanded our internal initiatives and external partnerships and workforce development programs to
grow our diverse talent pipeline.
All of us at Atlas believe in making a difference in the lives of our neighbors and communities where we operate around the world. In 2022, this included our ongoing support of U.S. service members, veterans and their families; students pursuing education in STEM fields; and global humanitarian efforts, including our work to deliver critical relief supplies to refugees impacted by the crisis in Ukraine.
In addition to the progress we made in continuing to integrate ESG across our operations, we recently marked a new chapter in Atlas’ growth and evolution. In March 2023, Atlas became a privately held company upon being acquired by an investor group led by private equity firm Apollo Global Management, together with J.F. Lehman & Company and Hill City Capital. This transaction enabled value creation for our shareholders and accelerates our ability to achieve our growth objectives while continuing to serve the increasingly complex global supply chain. Our new partners share our commitment to ESG, and with their support, we believe we are poised to take the next steps in our journey as a responsible corporate citizen.
Thanks to the dedication of our 4,500 employees around the world, Atlas is tackling the challenges of today while laying the groundwork for an even more sustainable and prosperous future.
President and Chief Executive Officer, Atlas Air Worldwide