BCG buys sustainable aviation fuel certificates from World Energy

21 May 2024 Consulting.us 2 min. read
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Boston Consulting Group (BCG) earlier this month signed an agreement to purchase sustainable aviation fuel (SAF) certificates from World Energy, a Boston-headquartered producer of sustainable aviation fuel.

The agreement, which runs through 2028, is expected to deliver an emissions reduction of 100,000 metric tons of CO2 to help BCG reach its net-zero 2030 target. The purchase of SAF certificates is part of a collection of deals coordinated by the Sustainable Aviation Buyers Alliance, of which BCG is a founding member.

World Energy’s unblended SAF is 100% sustainable fuel made entirely from renewable resources and with no fossil-based feedstock. Its process refines hydroprocessed esters and fatty acids using waste fats, waste oils, and other residues as feedstocks.

World Energy’s SAF is certified by Roundtable on Sustainable Biomaterials (RSB) and CORSIA and achieves over 80% in emissions reductions over its lifecycle versus conventional jet fuel. It is currently approved at a 50/50 blend level with conventional jet fuel for commercial use.

BCG buys sustainable aviation fuel certificates from World Energy

Under the purchasing agreement, BCG will be able to make a greenhouse gas reduction claim on climate disclosures to offset the typically heavy air travel by consultants, while the physical SAF will flow to an aircraft operator. The transaction will be digitally tracked by a third-party verified ledger system.

“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 in 2021 agreed to an eight-year partnership with SkyNRG, another provider of sustainable aviation fuel.