This is BCG’s largest SAF certificate purchase to date. BCG Signs Sustainable Aviation Fuel Deal to Eliminate 100,000 Tons of CO2 Emissions.
A key part of BCG’s commitment to achieving net zero climate impact by 2030, the agreement will run through 2028. It is expected to deliver an emissions reduction of 100,000 metric tons of CO2 over the next five years.
Founded in 1998, World Energy, headquartered in Boston, specializes in the production of sustainable aviation fuel (SAF), clean hydrogen, advanced biofuels, and decarbonization services. The company’s SAF is produced through hydroprocessed esters and fatty acids (HEFA) using waste fats, oils, and other residues as feedstocks.
World Energy is making significant investments, totaling $15 billion, in new projects across various locations including California, Texas, and Newfoundland. These investments are geared towards commercializing renewable fuels and aiding companies in achieving their net zero commitments.
In 2020, BCG announced ambitious climate goals, aiming to achieve net zero emissions by 2030 and become climate positive beyond that year. To achieve these targets, the company outlined plans to significantly reduce its carbon footprint and offset remaining emissions by purchasing high-quality removal credits.
As part of its efforts to reduce emissions, BCG set a goal to decrease the intensity of business travel emissions by 48.5% by 2025, compared to 2018 levels.
BCG has been actively involved in collaborative initiatives to address climate change. It joined the World Economic Forum-led Clean Skies for Tomorrow coalition in 2019 and is a founding member of the Sustainable Aviation Buyers Alliance. Additionally, the company participated in the alliance’s first collective procurement effort.
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. 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.
David Webb, Chief Sustainability Officer at BCG
As part of a new agreement, BCG’s investment enables the company to claim greenhouse gas reductions on climate disclosures, while sustainable aviation fuel (SAF) is supplied to aircraft operators. The transaction is digitally tracked and third-party verified through a Book & Claim chain of custody ledger system.
