As a member of the UN Global Compact and signatory to Canada’s Aviation Climate Action Plan, NAV CANADA is committed to pursuing and implementing standards that bolster our Environmental, Social and Governance (ESG) Strategy and lead us towards supporting net-zero greenhouse gas (GHG) emissions in Canada’s aviation sector by 2050. We are proud to tackle this challenge across several key areas of our operations.
Meaningful action around sustainability starts with measurement. With respect to our emissions, it is important to calculate our outputs year-over-year to identify where positive changes are occurring and where more work needs to be done. We first reported on our Scope 1 and 2 (direct and indirect) emissions last year, and this year we are adding Scope 3 (value chain) emissions as well.
In 2023, our total overall GHG emissions sat at 90,594 tCO2e. Scope 1 emissions accounted for 14% of that total, while Scope 2 and Scope 3 represented 18% and 68%, respectively. More specifically, the main contributors to Scope 1 and 2 emissions were the powering and heating of our area control centres, towers, buildings, and communications, navigation, and surveillance (CNS) equipment. For Scope 3 emissions, purchased goods and services represented the bulk of our value chain emissions.
This year, we announced plans for the construction of the Victoria Tower, demonstrating how we are building sustainability into our infrastructure. The ground-breaking in May 2024 of our first LEED (Leadership in Energy and Environmental Design) certified tower in the country marked NAV CANADA’s shift towards modernization and sustainability. Designed in collaboration with the Victoria Airport Authority, the tower features green power supplied by BC Hydro, and the facility will operate virtually emissions free, which is a big step towards our vision for Net-zero emissions by 2050. We have even landscaped the surrounding property with native flora and selected plants that minimize bird attraction, integrating safety and sustainability. The tower is scheduled to open in 2027.
The NAV CANADA Pension Plan Responsible Investing Policy is another example of how ESG factors, combined with a related risk management assessment, contribute to our decision-making and responsible practices. Asset and investment management choices directly reflect our core principles, and our ambition is to promote good governance that spurs long-term value. Incorporating ESG factors into our due diligence, while measuring and benchmarking the carbon footprint of our public market investments demonstrates those choices. Looking ahead, we will expand our carbon measurements to private market investments and push for stronger ESG reporting from investment managers.
We have also extended sustainability into our Supply Chain Management Strategy, factoring in the environmental impact of goods and services as we assess prospective partners and suppliers. These baseline requirements for supplier sourcing and bid evaluation better position us to discuss environmental issues and introduce best practices into our processes.