Boston Consulting Group (BCG) today announced that it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with TwelveTM, the carbon transformation company. The agreement will run from 2026 until 2029, and is expected to deliver an emissions reduction of more than 4,000 metric tons of CO2 by the end of the period. The agreement is part of BCG’s drive to achieve net zero climate impact by 2030. As a member of the First Movers Coalition, BCG’s target is to replace at least 5% of its conventional jet fuel with high quality SAF by 2030.
Twelve’s E-Jet® fuel, is a low carbon jet fuel produced by a power-to-liquid (PtL) process from renewable electricity and biogenically sourced CO2. It could deliver up to 90% lower lifecycle emissions compared with kerosene. The high-quality fuel will be certified against the relevant industry standards to ensure its sustainability. The SAFc are expected to flow through the SAFc Registry, a globally accessible platform that aims to bring consistency and transparency to the SAF certificate market.
“Today’s agreement is another step in advancing innovation in the sustainable aviation fuels market, which remains key to decarbonizing air travel,” said David Webb, BCG Chief Sustainability Officer. “We are proud of our longstanding involvement in this market since its earliest days, ranging from founding membership of the Sustainable Aviation Buyers Alliance to participating in initiatives such as the World Economic Forum-led Clean Skies for Tomorrow coalition and the United Airlines Ventures Sustainable Flight Fund.”
“Corporations like BCG play a critical role in advancing the development and demand of SAF. We are excited to partner with BCG via the Sustainable Aviation Buyers Alliance and leverage the SAFc Registry to accelerate the roadmap toward net zero emissions,” said Nicholas Flanders, cofounder and CEO of Twelve.
BCG’s purchase of SAF certificates allows the company to make a greenhouse gas reduction claim on climate disclosures, while the physical SAF flows 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 unlocked 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.
(Press release)
