Boston Consulting Group (BCG) has announced a five-year contract with World Energy, a sustainable aviation fuel producer and low-carbon solutions provider, through which it will achieve an emissions reduction of 100,000 metric tonnes of CO2 over the next five years.
The agreement will see BCG purchase sustainable aviation fuel certificates (SAFc) from World Energy, and will form part of the group’s ambition to achieve net zero climate impact by 2030.
Sustainable aviation fuel
The sustainable aviation fuel (SAF) will be made through refining hydroprocessed esters and fatty acids using waste fats, waste oils, and other residues as feedstocks, and is expected to flow through the SAFc Registry, a globally accessible platform.
This is BCG’s largest SAF certificate purchase to date, and builds on the group’s long-term engagement with the SAFc market, which commenced with its participation in the World Economic Forum-led Clean Skies for Tomorrow coalition in 2019.
“Today’s agreement is a key part of our commitment to using cutting-edge sustainable aviation fuel for air travel as we focus on cutting the emissions intensity of our operations in half by 2025 and achieving net zero climate impact by 2030,” said David Webb, BCG’s chief sustainability officer.
“We are proud of the role we are playing to support the sustainable aviation fuel market. Scaling new climate technologies will play a fundamental part in reaching global climate goals.”
BCG’s investment allows the company to make a greenhouse gas reduction claim on climate disclosures, while the physical SAF flows to an aircraft operator, BCG said in a statement. The integrity of the transaction is digitally tracked and third-party verified.
‘Making decarbonisation a reality’
“Collaborations of this type and magnitude are key to making decarbonisation a reality now in the hardest to abate sectors, like aviation,” commented World Energy CEO Gene Gebolys.
“This is the fastest way to scale up production of SAF and expand its efficient distribution around the world. We are proud to collaborate with corporate leaders like BCG to help make their net zero goals real and help decarbonize the aviation industry.”
