Rolls Royce joins the ITF Corporate Partnership Board
Rolls-Royce, one of the world's leading industrial technology companies, has joined the Corporate Partnership Board of the International Transport Forum (ITF). Rolls-Royce and the ITF will work together on transport decarbonisation, innovation and digitalisation.
Rolls-Royce manufactures reciprocal engines, gas turbines, electric and hybrid propulsion systems for applications across land and sea. The company also designs and builds entire power generation, transmission and distribution systems for industrial applications. Rolls-Royce has customers in more than 150 countries. Its annual underlying revenue was EUR 13.8 billion in 2020.
The company's aircraft engines have earned more than 100 million flying hours in all types of aircraft from helicopters to widebody airliners. It is exploring opportunities in all-electric and hybrid-electric flight across many new markets from urban air mobility to the commuter and regional aviation markets. On ground and sea, it has hybrid-electric systems for use in trains, ferries and yachts.
Rolls-Royce joined the UN Race to Zero and Business Ambition for 1.5°C in 2020. It has committed to reduce emissions from its own operations to net-zero by 2030 and to play a leading role in enabling the sectors in which it operates to reach net-zero by 2050.
The ITF is an intergovernmental organisation with 63 member countries that facilitates global dialogue for better transport. It acts as a think tank for member governments and organises an Annual Summit of transport ministers. The Corporate Partnership Board (CPB) is the ITF's platform for engaging with the private sector and enriching global transport policy discussion with a business perspective.
Young Tae Kim, Secretary-General of the ITF, said:
"I am thrilled to welcome Rolls-Royce as a Corporate Partner of the International Transport Forum. For more than a century, the name Rolls-Royce has been synonymous with quality and innovation in the propulsion technologies that power human mobility. As the world transitions to zero-carbon transport, Rolls-Royce is again among the leaders who accept the challenge and commit to make change happen. I very much look forward to working with Warren East and his team as partners."
Warren East, CEO of Rolls-Royce, said:
"We need to work across borders and forge new partnerships to improve the economics and scalability of net-zero solutions, so we are delighted to be joining forces with the International Transport Forum on this important mission. It is platforms like the ITF that will be critical in the decarbonising of transport and the global race to net zero.
At Rolls-Royce, we believe that our innovative technology has a fundamental role to play in enabling the decarbonisation of transport and are looking forward to stepping up advocacy that can unlock and accelerate action".
More information about the ITF Corporate Partnership Board at www.itf-oecd.org/CPB
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