Strategic Intelligence - Net Zero Strategies in Aerospace and Defense (2024)

Strategic Intelligence - Net Zero Strategies in Aerospace and Defense (2024)

Summary

This report analyzes the key theme of net zero in the aerospace and defense sector. Achieving net zero objectives is taking on greater importance as aerospace and defense companies navigate changing regulatory environments and seek to ensure they contribute to the sustainability of human activity. This report provides an insight into the key strategies that companies and end users in the sector are adopting, the challenges that the sector faces, the emissions data of leading companies in the sector, and the emissions reduction and net zero strategies that these companies have committed to.

Companies achieve net zero emissions by cutting greenhouse gas (GHG) emissions to as close to zero as possible, with any remaining emissions then 'offset'. Commercial aviation and military operations are particularly significant contributors to global emissions, so reducing them would go a ong way toward achieving national net zero objectives.

Alternative propulsion methods will play a central role in decarbonizing the aerospace and defense sector, particularly sustainable aviation fuels (SAFs). Adopting alternative propulsion methods should be central to the net zero strategies of end users such as militaries and commercial airlines.

Relocating operations within the borders of a single country brings several advantages. Though the process can be expensive, ensuring that supply chains are secure and reducing the reliance on global transportation helps to reduce emissions and improve national security.

Improving performance by using new design philosophies and materials is an integral part of the sector’s efforts to achieve net zero. Though individual designs or materials will not have significant impacts on their own, combining these innovations with other strategies, particularly alternative propulsion methods, will allow them to contribute as part of a broader industry-wide effort.

Among the companies analyzed in this report, several are performing well in the race to net zero. L3Harris reduced its Scope 1 and 2 emissions by 49% between 2021 and 2023 but has not set a long-term net zero target. Qinetiq and Babcock have reduced their Scope 1 and 2 emissions by 13% and 7%, respectively, and both have targets to achieve net zero by 2050, approved by the Science Based Targets Initiative (SBTi).

Scope

• This report analyzes the key theme of Net Zero in the aerospace and defense sector.
• This report provides an insight into key strategies, technological innovations, and recommendations for the achievement of net zero objectives, as well as providing an details of the Scopes 1, 2, and 3 GHG emissions of leading companies in the aerospace and defense sector and their carbon reduction and net zero objectives.

• Understand the impact of net zero on the aerospace and defense industry.
• Assess the strategies that companies and end users are adopting to achieve net zero.
• Discover companies that are leading in the space.
• Analyze real-world trends created by integrating net zero strategies across the aerospace and defense sector.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.