Bombardier : 2023 ESG Report

2023

Environmental, social and governance report

Progress and impact

INTRODUCTION

Welcome

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

The cover and inside pages of this report feature Bombardier team members and partners beside an

18-foot-wide prototype used in the EcoJet research project. This initiative aims at developing technologies

to reduce emissions for the next generation of business aircraft.

This report gives an overview of Bombardier's performance on

Environmental, Social and Governance (ESG) topics for fiscal year 2023.

In this report, you will learn how ESG topics are managed, the achievements made toward the United Nations Sustainable Development Goals (SDGs), and Bombardier's pledge to the United Nations Global Compact (UNGC). It also includes the ESG plan, how it is carried out across the company by employees, and progress made in reaching its objectives. This report follows reporting standards from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), where relevant. Bombardier is dedicated to providing accurate and relevant data in a transparent manner.

PROFILE
Bombardier designs, builds and maintains the world's best-performing aircraft for the world's most discerning people,	You are invited to send your
businesses and governments. That means not simply exceeding standards, but understanding customers well enough	feedback and questions.
to anticipate their unspoken needs.	Feedback and questions can be
For them, Bombardier's talented teams are committed to pioneering the future of aviation - innovating to make flying more reliable,	sent [e-mail]
efficient and sustainable. And they are passionate about delivering unrivaled craftsmanship and care, giving their customers greater	Date of publication
confidence and the elevated experience they expect. Because people who shape the world will always need the most productive
and responsible ways to move through it.	May 6, 2024
Bombardier customers operate a worldwide fleet of more than 5,000 aircraft, supported by a vast network of Bombardier team
members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured
in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.	All amounts in this report are expressed in U.S. dollars,
	unless otherwise indicated.

2 Bombardier Inc.2023 ESG report

HIGHLIGHTS

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Snapshot of 2023

Corporate information

1. As at December 31, 2023, including contractual and inactive employees.

$8.0B	Second testing phase of the	Women in Governance
EcoJet research project	Silver 2023 Gender Parity
REVENUES	with an 18-foot-wide prototype	Certification
$14.2B	See page 17	See page 25
IN ORDER BACKLOG	79% score for	Mercure Award in the category
18,100+	employee engagement	of "International Market
See page 28	Development - Large Companies"
EMPLOYEES1					See page	30

Environmental product declarations published for Global 6500 and Global 5500

See page 17

5.3% employee voluntary turnover rate

See page 28

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BOMBARDIER TODAY

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

At a glance

Bombardier's global footprint extends from its headquarters in Greater Montréal to production and engineering sites as well

as an extensive customer support network around the world.

LEGEND

Headquarters

Production sites:

• aerostructures
• assembly
• completion

Bombardier Defense & Bombardier Flight Test Centre Customer Response Centre

Service Centre Aftermarket sites:

• regional depots
• line maintenance stations
• mobile response teams
• parts hubs & other

	MONTRÉAL	BIGGIN HILL	BERLIN
TORONTO
WICHITA	HARTFORD		TIANJIN
TUCSON	MIAMI
DALLAS / RED OAK

QUERÉTARO

SINGAPORE

MELBOURNE

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Revenues1	6.1	6.9	8.0	Deliveries	120	123	138	Employees4	13.8	15.9	18.1
$ billions				aircraft		3		thousands
	0.1	0.1	1.7		10	63					3.3
	1.5	6.3		44	50				2.1	2.5	3.1
	1.2							2.7
■ Manufacturing	5.3	■ Large			■	Canada	11.7
4.8					2.5	10.7
and other2		■ Medium					United States
		66	70	75	■	9.2
■ Services				■ Light		■ Other
■ Other3
	2021	2022	2023		2021	2022	2023			2021	2022	2023

1. For fiscal year 2023, "other" revenue is $38 million. 2. Includes revenues from sale of new aircraft, specialized aircraft solutions and pre-owned aircraft. 3. Includes revenues from sale of components related to commercial aircraft programs. 4. As at December 31, 2023, including contractual and inactive employees.

MESSAGES FROM THE CHAIRMAN AND THE PRESIDENT AND CEO

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Proudly building a more sustainable future

PIERRE BEAUDOIN	ÉRIC MARTEL
Chairman of the Board	President and Chief Executive Officer

Responsible management

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

Welcome to Bombardier's Environmental, Social and Governance (ESG) report, which becomes more relevant and timely with each passing year.

Bombardier is many things: global company and family business, aircraft manufacturer and innovator, service provider and defense player. Across all our activities, we are strongly committed to being a responsible corporate citizen. As you'll see in this report, Bombardier's action plan is comprehensive, transparent and measurable.

The importance of good governance is deeply ingrained in Bombardier's culture. We have a proud heritage as a family company, and our team members genuinely care about our stakeholders and the communities where we operate. This philosophy is true at all levels, including the Board of Directors, which plays an active role in Bombardier's ESG strategy. A committee of Board members reviews and approves this report, and receives regular progress updates throughout the year.

Our senior executives are also involved, as champions of our ESG initiatives and ambassadors of our values. Adding to this, team member participation across the organization is key: not only do our people embrace our goals, they are extremely proud that Bombardier is building a greener future for aviation.

As you'll see in these pages, we're making excellent progress together.

I'm pleased to present Bombardier's latest Environmental, Social and Governance (ESG) report, which shows our impressive progress in 2023. We believe that how we do business is just as important as the results we achieve.

You'll read about many accomplishments in these pages. We're giving shape to the next generation of business jets with our EcoJet research project, which entered a new phase in 2023. Meanwhile, we published Environmental Product Declarations for two more aircraft in our existing portfolio, the Bombardier Global 5500 and Global 6500. Throughout 2023, Bombardier purchased Sustainable Aviation Fuel (SAF) for all its flight operations through a Book-and-Claim system, which contributed to reducing our environmental footprint.

Our 18,000 team members are incredibly proud that Bombardier is building a greener future for business aviation. In fact, engagement was another highlight for Bombardier in 2023 as our employee survey yielded an overall engagement score of 79%, surpassing our goal of 75% for 2025. This positive result validates our efforts to be a world-class employer prioritizing safety, ethics, diversity, inclusion and community giving.

I'm also pleased to confirm that Bombardier renewed its pledge toward the ten principles of the United Nations Global Compact. We also continued our progress on the seven United Nations Sustainability Goals where we have the greatest impact.

I trust you'll agree that the accomplishments in this report demonstrate our enduring commitment to sustainable development.

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RESPONSIBLE MANAGEMENT

Accountable leadership

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

• Accountable leadership

• United Nations Sustainable Development Goals
• United Nations Global Compact

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

Ensuring Board and executive oversight of ESG topics

	Board of Directors
Board level	Audit		Human Resources and
Corporate Governance and
Nominating Committee	Committee		Compensation Committee

	President and Chief Executive Officer
Executive level	Ten senior leadership members and their departments,
	including the Senior Vice President of People and Sustainability
	Strategy lead
	Vice President, HRIS and Sustainability
Management and working level	Sustainability core team
	ESG Forums & Climate Working Group

In addition, Senior Leadership Team members are also accountable for processes, controls, procedures, monitoring, managing and overseeing areas of sustainability and climate risks and opportunities that fall within their team's area of responsibility.

Different teams, including customer-facing employees, community engagement professionals, environmental experts, engineering professionals, supply chain experts and more, are contributing to the advancement of the ESG plan and are making Bombardier more resilient and sustainable. Members of these teams meet three times a year through ESG Forums. These forums aim to create synergies between the different departments within the company to accelerate sustainability initiatives, share knowledge on sustainability issues and ensure strong governance of the ESG plan.

Aligning performance incentives with the long-term strategy

To further integrate ESG considerations within the business and to increase senior executives' accountability in achieving ESG objectives, Bombardier included non-financial ESG metrics

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

At Bombardier, Environmental, Social and Governance (ESG) topics are under the primary responsibility of the Corporate Governance and Nominating Committee of the Board of Directors (Board), composed exclusively of independent members, which recommends approval of the ESG plan to the Board. See the section on Board and committees for more information.

Sustainability at the Senior Leadership Team level is headed by Daniel Brennan, Senior Vice President of People and Sustainability. He is supported by Bombardier's Vice President of Human Resources Information Systems and Sustainability, Paul Michaud, who oversees a dedicated ESG team that collaborates with a cross-functional team that works on various aspects of the ESG plan.

The company's Senior Leadership Team receives quarterly reports on ESG developments. These reports cover progress toward the ESG plan and future initiatives.

The ESG plan consists of 25 strategies that help achieve the ESG goals related to 11 topics by 2025. The strategies are included at the beginning of each topic throughout the Performance section of this report. Each strategy has a Senior Leadership Team member as its owner and a designated leader who works with one or more subject matter experts. These key stakeholders oversee the progress

of their strategy, ensuring that their team has the skills and competencies needed for the execution of the ESG plan and ultimately the realization of the 2025 ESG goals.

• relating to greenhouse gas emissions, lost-time incidents, women in management and employee engagement - in the design of the long-term incentive plan for the grant years 2021, 2022 and 2023. The selected ESG metrics reflect business factors that are aligned with Bombardier's long-term strategy. These metrics are reviewed and updated on a regular basis.

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RESPONSIBLE MANAGEMENT

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

United Nations

Sustainable Development Goals

The ESG plan is aligned with the United Nations Sustainable Development Goals (SDGs), focusing on seven goals where Bombardier can have the greatest impact.

• Accountable leadership

• United Nations Sustainable Development Goals

• United Nations Global Compact

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

4 Quality education

Bombardier develops the future talents of the industry through collaboration with academia on educational and research projects, prioritizing sustainability activities related to science, technology, engineering and mathematics (STEM), and entrepreneurship. Approximately 1,400 student interns in Canada were onboarded in 2023.

See: Communities

5 Gender equality

Bombardier is firmly committed to closing the gender gap in its workplace. In 2023, the organization received Silver Parity Certification from Women in Governance, celebrated the Bombardier graduates from the A Effect program, and enrolled women in the next cohort to fuel their talent and develop their full potential. Bombardier has a Women@Bombardier Forum championed by a woman senior executive.

See: Diversity and inclusion

8 Decent work and economic growth

Bombardier's global presence can stimulate inclusive growth globally. In 2023, Bombardier invested CAD $1.7 billion1 in wages, salaries and employee retirement benefits, and invested approximately CAD $29 million2 in its internship program in Canada to train the next generation of innovators.

See: Communities

9 Industry, innovation and infrastructure

Bombardier is committed to designing, manufacturing and servicing business jets, incorporating advanced technologies and materials to improve durability, deliver a lower noise output and reduce fuel consumption.

See: Sustainable aviation

12 Responsible consumption and production

In 2023, overall GHG emissions (scope 1 and 2) were 15% lower compared to 2019 and water consumption was 44% lower compared to 2019.

See: Environmental footprint

13 Climate action

Bombardier's product innovation strategy is aligned with the goals of the business aviation industry to achieve net-zero carbon emissions by 2050. In 2023, Bombardier used a Book-and-Claim system to purchase SAF for all flight operations.

See: Sustainable aviation

17 Partnerships for the goals

In 2023, Bombardier maintained its contributions to the International Aerospace Environmental Group (IAEG) and to the International Civil Aviation Organization (ICAO) to promote sustainability standards and guidelines in the industry. In addition, as an active member of the General Aviation Manufacturers Association's (GAMA) Environmental Committee, Bombardier is contributing to the industry's progress toward reducing the impact of air travel on climate change and fully supports the goals of the Business Aviation Commitment on Climate Change (BACCC). Bombardier is also building partnerships with communities to promote social and economic development, diversity and inclusion, sustainability initiatives and educational perseverance.

See: Sustainable aviation, Diversity and inclusion, Communities

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1. Refer to the 2023 Financial Report.
2. Includes interns' salary and overhead investment in Canada.

RESPONSIBLE MANAGEMENT

Introduction

Highlights

United Nations

Global Compact

As a signatory of the United Nations Global Compact (UNGC), Bombardier is committed

to promoting the 10 fundamental principles relating to human rights, labour, the environment and anti-corruption, through its strategies, policies and procedures across its operations.

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

• Accountable leadership
• United Nations Sustainable Development Goals

• United Nations Global Compact

Strategy

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

The following is an overview of how the UNGC principles are incorporated in Bombardier's daily operations. For more details on progress visit:

www.unglobalcompact.org/what-is-gc/participants/1397

Human rights

Bombardier supports and respects the protection of internationally recognized human rights, ensuring that the organization is not complicit in human rights abuses and that it upholds the freedom of association. Bombardier has policies and procedures aiming to prevent the company from engaging with suppliers, organizations or customers that do not respect human rights.

See: Diversity and inclusion, Ethics and compliance, Responsible supply chain

Labour

Bombardier works to ensure that neither forced nor child labour are used in its operations or those of its suppliers, and prohibits employment discrimination. Bombardier trains leaders to recognize and eliminate unconscious biases in their hiring, employment and mentoring practices.

See: Diversity and inclusion, Responsible supply chain

Environment

Bombardier supports a proactive approach to address environmental challenges by undertaking initiatives to promote greater environmental responsibility and investing in the development and diffusion of environmentally friendly technologies. Bombardier engages with suppliers to make its supply chain more sustainable and collaborates with its peers in the aviation industry to foster a transition toward

• low-carboneconomy. See: Sustainable aviation

Anti-corruption

Bombardier works to counter corruption in all its forms, including extortion and bribery. Bombardier has a third-party due diligence process performed on its suppliers. There are multiple layers of due diligence performed on customers purchasing an aircraft as well as before Bombardier sponsors or donates to an organization.

See: Ethics and compliance, Responsible supply chain, Communities

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STRATEGY

ESG plan

Developed with the collaboration of teams across the organization,

ENVIRONMENTALSOCIAL

GOVERNANCE

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

Strategy

• ESG plan

• ESG plan implementation

Risk management

the ESG plan is forward-looking, bold, measurable and achievable.

Bombardier is stewarding sustainable business aviation through the most advanced and environmentally responsible products, and with its creative, diverse and engaged employees. This report presents progress made in 2023 toward achieving the ESG plan by 2025. The ESG plan includes objectives, goals, strategies, measures and targets to drive change in

the business by bringing sustainability into the business decision-making process.

In the Performance section of this report,

14 Environmental footprint

Manufacture and service aircraft with the smallest possible environmental impact

17 Sustainable aviation

Lead sustainable aviation by designing innovative and environmentally responsible products

22 Health and safety

Target zero harm

25 Diversity and inclusion

A diverse workforce who feel empowered to bring their authentic self to work

28 Employee engagement

Be an employer of choice, creating an employee experience in which heart meets mastery

30 Customer satisfaction Setting the highest standards and fostering true connections

38 Board and committees Strong governance for sustained shareholder value

40 Ethics and Compliance

Uphold the highest ethical integrity and leadership standards

43 Responsible supply chain

Lead supplier practices in environment, ethics and employment

Performance

ENVIRONMENTAL SOCIAL GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

the ESG plan specifics are presented for each of the 11 topics of the plan. You can also find the complete ESG plan by visiting:

www.bombardier.com/en/sustainability/ our-esg-plan

33 Data privacy

Ensure best-in-class protection of personal data for all employees and customers globally

35 Communities

Be a vector of positive change in communities

E S

G

9 Bombardier Inc.2023 ESG report

STRATEGY

ESG plan implementation

Bombardier encourages its employees to be involved in the advancement of the ESG plan.

Introduction

Highlights

Bombardier today

Messages from the Chairman and the President and CEO

Responsible management

Strategy

• ESG plan

• ESG plan implementation

Risk management

Performance

ENVIRONMENTAL

SOCIAL

GOVERNANCE

ESG data table

Climate report

About this report

Corporate information

To make the ESG plan work across the organization and bring it to life, it needs the commitment and engagement of employees. Employees help the ESG plan move forward by enhancing existing processes, by participating in sustainable initiatives, and by suggesting new ideas. To acknowledge these efforts, Bombardier employees were asked to name colleagues who had significant impact in 2023 in one of the 11 topics of the ESG plan, or who incorporated different elements of the ESG plan in a project.

Throughout the report, nominated employees are featured for their outstanding and noteworthy contributions to the progress of the ESG plan. These employees helped Bombardier become more sustainable.

10 Bombardier Inc.2023 ESG report