According to the UN Global Compact Network , Scope 3 emissions can account for more than 70% of a company’s total carbon emissions – and C-Suite aviation travel and supply chain transportation can contribute a significant proportion to the total emissions of a business. That's why on-demand private jet company and Walpole member, Victor, has partnered with Neste, the world-leading producer of Sustainable Aviation Fuel (SAF), on a scheme that will provide companies with the opportunity to voluntarily purchase Neste MY Sustainable Aviation Fuel as a part of their jet charter travel booking. This will enable these companies to make a measurable impact in their Scope 3 emission reduction strategies, allowing businesses to decrease the carbon emissions of their jet charter travel by up to 80%.
Since the partnership was launched in June 2022, Victor reports that one-in-five of its customers are choosing to reduce the carbon emissions of their private jet charter by purchasing SAF for their bookings. So far, Victor customers are purchasing an average of 33% SAF for their bookings, which equates to an average additional cost of around €800 per jet charter booking. Victor and Neste are pleased to reveal that the total amount of SAF purchased since the partnership launched is 66,000 kgs with total carbon emission reduction of 189 tonnes.
In addition, Victor and Neste’s ‘pay here, use there’ solution means that SAF can now be purchased for any private jet booking worldwide, regardless of the departure airport – meaning that, even if SAF is not available at the chosen airport, customers can still choose a more sustainable option from Victor in advance.
Neste's MY Sustainable Aviaton Fuel is produced from 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste (the company's refinery in Rotterdam, Netherlands, is pictured below). At checkout during the booking process, all Victor members can now choose how much fossil fuel they want to replace with Neste MY SAF, from as little as 5% up to 100%. Neste will then send a Delivery Confirmation Document with confirmation of the carbon dioxide emission reduction, which can be used for science-based reporting by the Victor member.
The Government’s new 'Jet Zero' strategy for the aviation industry at the Farnborough Airshow in July 2022. At this, the Government outlined its sustainability roadmap for aviation, committing the UK domestic aviation industry to achieve Net Zero emissions by 2050 – a crucial part of which involves the mandated use of 10% SAF by 2030.
Despite this latest strategy, the Climate Change Committee (CCC) has warned that the UK is on track to cut only 40% of the emissions required to reach Net Zero. In its latest update to Parliament, the CCC found that while the UK was one of the world leaders in cutting CO2, urgent action is needed to match the promises the Government has made. Therefore, immediate voluntary contributions – over and above the mandates - are needed from influential Corporates and High Net Worth Individuals who have the means and resources to account for their aviation choices. In turn, as pressure is put on their peers and competitors, the demand for SAF will increase, allowing production to scale and enabling the 2030 target to become a reality.
Victor is well placed to help the government meet the 2030 targets, having also set its own aim of 10% SAF on all Victor bookings in the same timeframe.
“At Victor we believe in a better way to fly, and, given our international customer base, it’s important we play our part by offering a credible and immediate in-sector solution for reducing carbon emissions," says Toby Edwards, Co-CEO at Victor. "We are delighted with how the partnership is going. The fact that 1 in 5 of our customers are paying for SAF voluntarily is a great indicator of consumer demand.
“With so much focus on the Corporate contributions of SAF for their Scope 3 emissions, it’s important that we don’t lose sight of what the collective power of the consumer could do for SAF demand, allowing the SAF industry to flourish sooner," continues Edwards. "Based on the success that we are seeing, we encourage more airlines and aviation businesses to adopt a similar direct-to-consumer model. When it comes to enabling SAF to scale, it will all add up.”
For more information, visit flyvictor.com
