Table of contents About this report 2 Letter from our President and Social 19 Governance 32 Chief Executive Officer 3 Empowering people: Work as one. Governing with integrity: Be honest. About AAR CORP. 5 Be inclusive. 20 Inspire trust. 33 ® Supporting our employees 20 Our Board of Directors 33 Doing It Right to better connect the world 9 Workforce overview 20 Governance best practices 34 Our purpose and our values 10 Diversity and inclusion 21 Recruitment and retention 22 Risk management 34 Our approach to ESG 11 ESG oversight and governance 11 Training and development 24 Stakeholder engagement 35 Our ESG focus areas 11 Employee engagement 25 Culture of ethics and compliance 36 Health and wellness 25 Our Code of Conduct and related policies 36 Supporting communities 26 Ethics hotline 37 Environment 12 Active military and veteran programs 26 Global anti-corruption policy 37 STEM and aviation-focused education 26 Supplier expectations 38 Protecting the planet: Ideas matter. Think Charitable donations, events and activities 30 Complying with safety standards 40 new. Think ahead. 13 Cybersecurity 43 Our environmental impacts and initiatives 13 Political engagement 43 Waste prevention and reduction 14 Conflict minerals 43 AAR aircraft and engine teardown 15 Appendix 44 Sustaining the life of aircraft engines 16 GRI and SASB Index Environmental data collection and management 17 Facilities highlights 18 Membership of associations Forward-looking statements 1