Flexjet begins carbon offset programme

7th Oct 2008

Flexjet has announced a new program providing
Flexjet owners the opportunity to offset carbon emissions each time they
fly.Climate Care, a world-leading carbon offset provider and a division of
JPMorgan’s environmental markets group, has been selected as Flexjet’s
partner in this environmental initiative.

  Beginning October 2008, all new and existing Flexjet owners may join
this voluntary program to offset CO2 emissions to make their flights carbon
neutral. Program participants will pay a per-hour fee sufficient to fund
activities that generate an equal reduction in emissions. Funds from the
offset program will be invested in Climate Care projects worldwide, which
reduce carbon emissions and distribute renewable, sustainable technology.
As part of the program, Flexjet will also offset all non-owner flights,
including flights for demonstration and maintenance purposes.

  “Flexjet is pleased to offer its owners the opportunity to take
responsibility for their flights and help offset their carbon emissions,”
said Fred Reid, President, Bombardier Flexjet. “We realize that until
technological advances produce truly low emissions aircraft, the best
opportunity to minimize climate impact is to balance flight emissions with
projects and technologies that reduce environmental impact around the

  “We selected Climate Care as a partner after extensive research
concluded that the company offers the highest standards for choosing,
measuring and reporting on its programs to balance carbon emissions,” Mr.
Reid added.

  Seeking effective, credible responses to concerns about global climate
change is also an important goal for Bombardier, Flexjet’s parent company.
In 2007, Bombardier became the first original equipment manufacturer (OEM)
to introduce a carbon offset program for its new business aircraft
customers. As of February 1, 2008, new buyers have the option to take part
in the Bombardier carbon offset program managed by UK-based Climate Care.
Enrollment in the program, for the duration of one year, is offered to
customers as an option after the aircraft purchase. The funds are then
invested in Climate Care’s green energy projects to reduce an equivalent
amount of carbon. As part of its commitment to deliver high quality
products and services in an environmentally responsible way, Bombardier
enrolled its business jets demonstration fleet and PartsExpress aircraft in
the Climate Care carbon offset program.


  In addition, Bombardier was the only company in the aerospace industry
to be listed as an index component to the Dow Jones Sustainability World
and North America indexes in 2007. Launched in 1999, the Dow Jones
Sustainability Indexes are the first global indexes tracking the financial
performance of the leading sustainability-driven companies worldwide.

  “Climate Care is pleased that Flexjet is seeking environmentally
responsible solutions to minimize the climate impact of carbon emissions,”
said Edward Hanrahan, Executive Director, Climate Care. “We look forward to
working with Flexjet to balance carbon emissions by investing in projects
designed to replace fossil fuel burning technologies with low-carbon

  Climate Care takes a global approach to addressing climate change by
investing in a global portfolio of renewable energy and energy efficiency
projects that adhere to principles such as additionality and permanence.
All Climate Care projects are designed to attain verification to one of the
internationally recognized standards for emissions reductions projects.


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