GHG Emissions, Industrial, Sourcing Renewables - May 17, 2024
Boston Consulting Group Signs for SAF
Boston Consulting Group (BCG) announced that it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc).
The agreement was signed with Twelve, the carbon transformation company. The agreement will run from 2026 until 2029 and is expected to deliver an emissions reduction of over 4,000 metric tons of CO2 by the end of the period.
The agreement is part of BCG’s goal to achieve net zero climate impact by 2030. As a member of the First Movers Coalition, BCG’s target is to replace at least 5% of its conventional jet fuel with high quality SAF by 2030.
Twelve’s E-Jet® fuel is a low carbon jet fuel produced by a power-to-liquid (PtL) process from renewable electricity and biogenically sourced CO2. It could deliver up to 90% lower lifecycle emissions compared with kerosene.
The SAFc are expected to flow through the SAFc Registry, a global platform that aims to bring consistency and transparency to the SAF certificate market.
“Today’s agreement is another step in advancing innovation in the sustainable aviation fuels market, which remains key to decarbonizing air travel,” said David Webb, BCG Chief Sustainability Officer, in a statement. “We are proud of our longstanding involvement in this market since its earliest days, ranging from founding membership of the Sustainable Aviation Buyers Alliance to participating in initiatives such as the World Economic Forum-led Clean Skies for Tomorrow coalition and the United Airlines Ventures Sustainable Flight Fund.”
BCG’s purchase of SAF certificates allows the company to make a GHG reduction claim on climate disclosures, while the physical SAF flows to an aircraft operator. The integrity of the transaction is digitally tracked and third-party verified through a ledger system chain of custody model known as Book & Claim. This purchase is part of a collection of SAF certificate deals coordinated by the Sustainable Aviation Buyers Alliance, of which BCG is a founding member.
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