- The five-year deal will result in reducing emissions by 100,000 metric tons of CO— which is the same as flying 177,000 economy-class passengers round trip between Boston and London1
- 100,000 metric tons of CO would make up more than half of BCG’s air travel CO emissions in 2023
- This is BCG’s largest purchase of SAF certificates so far
Boston Consulting Group (BCG) has announced that they have signed an agreement to buy sustainable aviation fuel certificates (SAFc) from World Energy, a sustainable aviation fuel (SAF) producer and low-carbon solutions provider. This is a crucial part of BCG’s commitment to achieving net zero climate impact by 2030. The agreement will be in effect until 2028 and is expected to reduce emissions by 100,000 metric tons of CO over the next five years.
The sustainable aviation fuel will be produced using advanced technology, refining hydroprocessed esters and fatty acids (HEFA) from waste fats, waste oils, and other residues. The high-quality fuel will be certified against industry standards to ensure its sustainability. The SAFcs are expected to be tracked through the SAFc Registry, a platform that aims to provide consistency and transparency to the SAF certificate market.
This is BCG’s largest SAF certificate purchase to date. This builds on BCG’s long-term involvement with the SAFc market, which started with its participation in the World Economic Forum-led Clean Skies for Tomorrow coalition in 2019. BCG is also a founding member of the Sustainable Aviation Buyers Alliance, and took part in its first collective procurement effort. World Energy was the first commercial-scale producer of SAF in the world and currently offers the only RSB-certified SAF, delivering very low carbon intensity and achieving over 80% emissions reductions compared to conventional jet fuel over its lifecycle. Roundtable on Sustainable Biomaterials (RSB) and CORSIA certified fuel.
“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,” stated 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.”
World Energy CEO Gene Gebolys further added, “Collaborations of this type and magnitude are key to making decarbonization a reality now in the hardest to abate sectors, like aviation. 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.”
BCG’s investment allows the company to make a greenhouse gas reduction claim on climate disclosures, while the physical SAF goes 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 Book & Claim logic is similar to the one that has supported investment in renewable energy for many years. 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.
