Neste announce new sustainable aviation fuel partnership
Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.
As companies adopt new meeting and engagement approaches taking the lessons learned during the global pandemic, some corporate travel for in-person meetings is likely to remain. Purchasing Neste MY Sustainable Aviation Fuel (SAF) can help companies to minimize the climate impact of their air travel that is still required. In early April 2021, Neste already made Neste MY Sustainable Aviation Fuel available to Finnair at Helsinki Airport to reduce emissions resulting from Neste’s own business air travel. And now, BCG is the first corporate client of Neste that is benefiting from the same SAF-based solution for emission reductions.
BCG has committed to achieving net-zero climate impact by 2030, and supports efforts to scale up the adoption of sustainable aviation fuels to decarbonize air travel as part of its broader strategy to reduce emissions resulting from business travel. SAF is an important lever to reduce the climate impact of flying, and the use of Neste MY Sustainable Aviation Fuel offers up to 80%* reduction in life cycle greenhouse gas emissions (GHG) compared to conventional fossil jet fuel. Partnerships like this are an important step in scaling up the SAF market by sending a clear demand signal.
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Neste’s SAF is made from sustainably sourced, renewable waste and residue raw materials. Neste MY Sustainable Aviation Fuel, in its neat form and over the life cycle, reduces lifecycle greenhouse gas emissions by up to 80% compared to fossil jet fuel use (calculated with established life cycle assessment LCA methodologies, among which EU RED and CORSIA).