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Neste and Boston Consulting Group announce new SAF partnership

In Finland, oil refiner and renewable fuels and products producer Neste Oyj and global consulting major Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel (SAF), to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.

Neste Oyj and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel (SAF), to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Sami Jauhiainen (left), VP of Business Development at Neste, and Tuukka Seppä, Managing Director and Senior Partner at Boston Consulting Group signing the agreement (photo courtesy Neste).

As companies adopt new meeting and engagement approaches taking the lessons learned during the global pandemic, some corporate travel for in-person meetings is likely to remain. Purchasing Neste MY Sustainable Aviation Fuel (SAF) can help companies to minimize the climate impact of their air travel that is still required.

In early April 2021, Neste already made Neste MY SAF available to Finnair at Helsinki Airport (HEL) to reduce emissions resulting from Neste’s own business air travel. BCG is the first corporate client of Neste that is benefiting from the same SAF-based solution for emission reductions.

After setting an example by using Neste MY Sustainable Aviation Fuel to reduce emissions from our own corporate air traveling, we are delighted that BCG decided to become our first customer to make use of our solution. Aviation will remain important for global business, generating growth and facilitating economic recovery. This is why we need solutions that enable growth and reduce emissions at the same time. We are really pleased to partner up with a leading international consultancy firm like BCG to make this happen, said Sami Jauhiainen, VP of Business Development, Renewable Aviation at Neste.

BCG has committed to achieving net-zero climate impact by 2030 and supports efforts to scale up the adoption of sustainable aviation fuels to decarbonize air travel as part of its broader strategy to reduce emissions resulting from business travel.

The core value proposition of BCG is to connect our clients with the best global expertise and talent, whatever the business issue at hand might be. Next-generation ways of working have opened up tremendous opportunities to accomplish this virtually. Yet, some travel will be needed going forward in order to deliver the greatest value to our clients. We are excited to boldly reduce emissions from business travel, together with Neste and the airlines Finnair and SAS. This move is part of BCG’s global efforts to advance the path to lower-carbon travel, and is an important step on our journey to net-zero climate impact by 2030, said Tuukka Seppä, Managing Partner of BCG Nordics.

A solution to reach emission reduction targets

SAF is seen as an important lever to reduce the climate impact of flying, and the use of Neste MY SAF offers up to 80 percent reduction in life cycle greenhouse gas emissions (GHG) compared to conventional fossil jet fuel, as calculated with established life cycle assessment (LCA) methodologies, including EU’s Renewable Energy Directive (RED) and the International Civil Aviation Organisation (ICAO) Carbon Offsetting and Reduction Scheme (CORSIA).

Partnerships like this are an important step in scaling up the SAF market by sending a clear demand signal. With this SAF-based solution, Neste and its airline partners help organizations to reach their emission reduction targets. Neste’s SAF-based solution is sold to organizations directly and delivered to their most frequently used airlines.

Sustainable Aviation Fuel is a very important part of aviation’s transition to lower GHG emissions. The commercialization of SAF is in its beginning, and all initiatives that potentially can accelerate the development are positive. We need to work together to achieve the necessary GHG emission reductions from aviation, and solutions like this will definitely play an important role in this journey towards lower emissions, said Lars Andersen Resare, Head of Sustainability, SAS.

The solution includes a third-party audit process to ensure that other customers cannot claim emission reduction on the same SAF volume. As regulatory frameworks obligating SAF use in aviation are still in the early phases of development, businesses can take the lead in making a significant climate impact as sustainability frontrunners in their sectors.

We are excited to see the commitment of corporate travelers to join the common cause of making air travel more sustainable. Air travel brings great social and economic benefits, and for those to continue, we need to together solve the climate challenge of flying, said Anne Larilahti, VP, Sustainability, Finnair.

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