Fexco Sustainable Innovation

Our Vision

As a company founded on 40 years of innovation, we wanted to play a much bigger role to create positive change and be a leader in the green economy. Fexco is investing in the long-term viability of the business by developing innovative sustainable solutions that will transform the sector we operate in, ranging from aviation, offshore to hydrogen.

PACE

PACE is a digital platform driving carbon emissions analysis and strategy in the Aviation sector by providing customer access to independent data on the entire global aircraft fleet. PACE translates this information to enable customer decision-making across multiple data points including financier, airline operator and individual aircraft type. The PACE team works closely with customers to ensure regulatory changes are understood and carbon risk exposures caused by mandated ESG targets can be managed.

As an independently verified platform PACE is leading the way on supporting business opportunities unlocked through improved ESG performance in sustainability-linked finance.

The impact it could make

• PACE is the first solution developed and headquartered in Ireland can model the impact of changes that airlines/airline lessors make (for example, the introduction of Sustainable Aviation Fuel/fleet upgrades/fitouts) on their carbon emissions.
• In Ireland, over 30 leasing companies operating in Ireland alone, with the assets under management being worth over €113 billion. Over 50% of the world’s aircraft are leased and managed through Ireland.
• The platform is currently built for the aviation industry but is positioned to support various others including maritime, transport and logistics industries. PACE, as a carbon emissions analysis tool for the aviation industry, will also provide insights that will empower consumers to choose flights based on their carbon emissions.
• PACE is a joint venture between Fexco, and Avocet Risk Management and its methodology has been reviewed by KPMG.