The FAA previously sent an emergency AD to all known U.S. owners and operators of these helicopters. This assessment is provisional, meaning that information will be collected and publicly assessed as part of the March 2022 Climate listen free to technical analysis of the financial markets Action 100+ Net Zero Company Benchmark, but the assessment framework will be subject to change in future iterations. The event that led to the external bribery investigations was not initiated by Airbus but rather by the U.K.

• The audit report identifies how the auditor has assessed the material impacts of climate-related matters.
• A just transition requires the company to consider the impacts of transitioning to a lower-carbon business model on its workers and communities.
• Bribery Act 2010 into Airbus SE, a Dutch aerospace corporation, for fraud, bribery, and corruption relating to Airbus’s alleged use of third party business partners to bribe government officials and airline executives to obtain business advantages.
• The financial statements use, or disclose a sensitivity to, assumptions and estimates that are aligned with achieving net zero GHG emissions by 2050 .

The downslide of Wirecard started with a report by the Financial Times (“FT”) on January 30, 2019, which referenced an internal presentation of Wirecard describing suspicious and most likely fraudulent money flows at Wirecard’s Singapore branch between 2014 and 2018. Another FT article on February 7, 2019 alleged that Wirecard generated sales revenues at its subsidiaries in the Asia-Pacific region using sham transactions in order to meet profit targets there. Over this short period from January 29, 2019 to February 8, 2019, Wirecard’s share price lost over 40% in value. However, Wirecard denied all allegations and accused the FT of assisting short-sellers with making profits off incorrect news.

(i) Alternative Methods of Compliance (AMOCs)

As part of its applications, Airbus was required under Part 130 of the ITAR to provide certain information related to political contributions, fees or commissions paid in connection with the sale of defense articles top 25 best forex brokers in 2021 or defense services. Department of State’s Directorate of Defense Trade Controls , of which the department is crediting $5 million. The PNF and SFO had investigated the Company as part of a Joint Investigative Team.

In January 2020, Airbus agreed to pay penalties of approximately US$4 billion plus interest and costs to resolve foreign bribery charges with US, French and UK authorities. Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the local flight standards district office/certificate holding district office. Before further flight after the effective date of this AD, visually inspect the “Specific area” of each MRH sleeve as depicted in Figure 3 of Airbus Helicopters Emergency Alert Service Bulletin No. 62A017, Revision 0, dated June 30, 2022 , for flaking and paint touch-up. The requirements of the Regulatory Flexibility Act do not apply when an agency finds good cause pursuant to 5 U.S.C. 553 to adopt a rule without prior notice and comment.

• Export Finance agency on April 24, 2015, when it raised questions to Airbus about the Company’s due diligence procedures and had flagged transactions in Sri Lanka.
• Remove the corrosion by hand using 120-grit abrasive cloth, followed by 400-grit abrasive cloth.
• The company explicitly commits to align its capital expenditure plans with its long-term GHG reduction target OR to phase out planned expenditure in unabated carbon intensive assets or products.
• The Director of the Federal Register approved the incorporation by reference of certain other publications listed in this AD as of January 2, 2019 .

Wirecard even started lawsuits to quiet negative news and involved the German police to go after persons spreading negative information. This AD was prompted by a determination that new or more restrictive airworthiness limitations are necessary. The FAA is issuing this AD to address fatigue cracking, accidental damage, or corrosion in principal structural elements, and possible failure of certain life limited parts, which could result in reduced structural integrity of the airplane. The FAA has determined that revising the existing maintenance or inspection program takes an average of 90 work-hours per operator, although the agency recognizes that this number may vary from operator to operator. Since operators incorporate maintenance or inspection program changes for their affected fleet, the FAA has determined that a per-operator estimate is more accurate than a per-airplane estimate. The FAA reviewed the relevant data, considered the comment received, and determined that air safety requires adopting this AD as proposed.

(f) Compliance

The Director of the Federal Register also approved the incorporation by reference of a certain other publication listed in this AD as of April 26, 2021 . The Director of the Federal Register approved the incorporation by reference of certain other publications listed in this AD as of January 2, 2019 . The Director of the Federal Register approved the incorporation by reference of a certain publication listed in this AD as of October 11, 2022. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. For the FCPA-related conduct, the department reached this resolution with Airbus based on a number of factors, including the Company’s cooperation and remediation. As part of the deferred prosecution agreement with the department, Airbus has agreed to continue to cooperate with the department in any ongoing investigations and prosecutions relating to the conduct, including of individuals, and to enhance its compliance program.

The company’s net zero GHG emissions ambition covers the most relevant Scope 3 GHG emissions categories for the company’s sector, where applicable. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via become a full stack web developer desktop terminals, the world’s media organizations, industry events and directly to consumers. Join our mailing list to receive our newsletters and stay up-to-date as the SBTi drives ambitious corporate climate action. The Mission Possible Partnership and the Science Based Targets initiative have joined forces to scale corporate climate action in high-emitting sectors in line with 1.5°C.

Tariffs on the EU – Aircraft Dispute

The FAA has no way of determining the costs pertaining to any necessary repairs that are required to be done with an approved method. These helicopters have been approved by EASA and are approved for operation in the United States. Pursuant to the FAA’s bilateral agreement with the European Union, EASA has notified the FAA about the unsafe condition described in its emergency AD. The FAA is issuing this AD after evaluating all known relevant information and determining that the unsafe condition described previously is likely to exist or develop on other helicopters of the same type design. The methodology quantifies key outcomes, including the share of its future capital expenditures that are aligned with a 1.5° Celsius scenario, and the year in which capital expenditures in carbon intensive assets will peak. The company discloses the methodology it uses to align its future capital expenditures with its decarbonisation goals, including key assumptions and key performance indicators .

• However, Wirecard denied all allegations and accused the FT of assisting short-sellers with making profits off incorrect news.
• Clarifications for meeting the requirements of Metric 5.1b have been added since the March 2021 iteration of the Net Zero Company Benchmark.
• If there is not a crack, this AD requires an inspector with a certain qualification using high-frequency eddy current to inspect the “Specific area” of the MRH sleeve for a crack.
• Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.

The company has committed to retain, retrain, redeploy and/or compensate workers affected by decarbonisation. The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies. The company has a process to ensure its trade associations lobby in accordance with the Paris Agreement. The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement. The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered on the European continent. The criteria used to assess non-European companies will be an ongoing area of development as part of broader discussions on the use of green revenue classification systems and regional taxonomies.

Attached Documents

This HFEC inspection must be accomplished by a Level II or III inspector certified in the eddy current fault detection method in the Aeronautics Sector according to the EN4179 or NAS410 standard. The FCPA charge arose out of Airbus’s scheme to offer and pay bribes to foreign officials, including Chinese officials, in order to obtain and retain business, including contracts to sell aircraft. The FAA is adopting a new airworthiness directive for certain Airbus Helicopters Model EC225LP helicopters. This AD requires one-time visual inspections and, depending on the results, accomplishing additional inspections, repairing the MRH sleeve in accordance with a certain approval, and removing the MRH sleeve from service and installing an airworthy part. This AD also prohibits installing an MRH sleeve unless certain inspections have been accomplished.

Export Finance agency on April 24, 2015, when it raised questions to Airbus about the Company’s due diligence procedures and had flagged transactions in Sri Lanka. This eventually led to Airbus disclosing on April 1, 2016 that it had discovered “certain inaccuracies” relating to U.K. Export credit financing applications for customer airlines that could result in a disruption in funding, without identifying the nature of the problem. Within 15 hours TIS after accomplishing the actions required by paragraph of this AD and thereafter at intervals not to exceed 15 hours TIS, HFEC inspect the “Specific area” of the MRH sleeve as depicted in Figure 3 of ASB 62A017 for a crack. If there is a crack, before further flight, remove the MRH sleeve from service and replace it with an airworthy part.

Because the FAA has determined that it has good cause to adopt this rule without prior notice and comment, RFA analysis is not required. This AD applies to the Airbus SAS airplanes specified in paragraphs through of this AD, certificated in any category, with an original airworthiness certificate or original export certificate of airworthiness issued on or before July 1, 2021. Currently sub-indicator 5.2 and related metrics only apply to focus companies headquartered in the European Union (E.U.). The use of offsetting or carbon credits should be avoided and limited, if at all applied. Offsetting or ‘carbon dioxide removal’ should not be used by companies operating in sectors where viable decarbonisation technologies exist.

The company has set a target for reducing its GHG emissions up to 2025 on a clearly defined scope of emissions. The company has set a target for reducing its GHG emissions by between 2026 and 2035 on a clearly defined scope of emissions. The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions.

The FAA received comments from the Air Line Pilots Association, International who supported the NPRM without change. This table of contents is a navigational tool, processed from the headings within the legal text of Federal Register documents. This repetition of headings to form internal navigation links has no substantive legal effect.

On January 27, 2020, there were reports of a potential settlement between Airbus and the regulators from all three counties. Accomplishment of the HFEC inspections with no detected cracks after 75 hours TIS since applying the coating, primer, and paint protection constitutes a terminating action for the repetitive inspections required by this paragraph. The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted time frame. These measures clearly refer to the main sources of its GHG emissions, including scope 3 emissions where applicable.

The financial statements demonstrate how material climate-related matters are incorporated. The audited financial statements and notes thereto incorporate material climate-related matters. The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results. The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment. The methodology quantifies key outcomes, including the percentage share of its capital expenditures that is invested in carbon intensive assets or products, and the year in which capital expenditures in such assets will peak. The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with its decarbonisation goals, including key assumptions and key performance indicators .