Boston Consulting Group (BCG) and low carbon solutions provider World Energy announced today a new 5-year agreement for the purchase by BCG of sustainable aviation fuel certificates (SAFc) as part of the company’s efforts to achieve its net zero climate goals.

The agreement marks BCG’s largest SAFc purchase to date, and is expected to deliver an emissions reduction of 100,000 metric tons of CO2 over the next five years. 

Founded in 1998, Boston-based World Energy specializes in the production of sustainable aviation fuel (SAF), clean hydrogen, advanced biofuels, and decarbonization services. The company’s SAF is manufactured with hydroprocessed esters and fatty acids (HEFA) using waste fats, waste oils, and other residues as feedstocks. refinery. The company is currently investing $15 billion into new projects in areas including California, Texas and Newfoundland, aimed at commercializing renewable fuels, and helping companies meet net zero commitments.

World Energy CEO Gene Gebolys said:

“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.”

BCG set a 2030 net zero target in 2020, alongside a goal to become climate positive beyond 2030, and outlined plans to significantly reduce its carbon footprint, as well as to remove emissions by purchasing high-quality removal credits. The company has also set a goal to reduce business travel emissions reduction intensity by 48.5% by 2025, on a 2018 basis.

BCG joined the World Economic Forum-led Clean Skies for Tomorrow coalition in 2019 and is a founding member of the Sustainable Aviation Buyers Alliance, and participant in its first collective procurement effort.

Under the new agreement, 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. The transaction is digitally tracked and third-party verified through a Book & Claim chain of custody ledger system.

David Webb, Chief Sustainability Officer at BCG, said:

“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.”