AWG establishes working group puts ESG to the fore in aviation finance

As pressure mounts on the aviation sector over carbon emissions, the Aviation Working Group (AWG) has established a working group to review Environment, Social and Governance (ESG) issues and their impact on aviation finance, which will focus on developing tools and metrics to help lessors and financiers to better understand the impact of new regulatory developments such as ICAO’s CORSIA initiative. While the aviation sector only accounts for 2% of current human-related  global carbon emissions, according to figures from the Air Transport Action Group, this is predicted to increase significantly over the next decade as other major CO2 emitters such as