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BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
PRESS RELEASE
The need to reduce airfreight emissions in the supply chain is growing faster than ever before. As part of its catalogue of CO2 reducing initiatives, SGL has extended its collaboration with Neste, the world’s leading producer of sustainable aviation fuel (SAF), to provide its customers with a low emission solution with the potential of reducing airfreight emissions by up to 80%*. The agreement supports SGL’s target to halve its emissions by 2030 across all scopes.
The collaboration with Neste is global and enables all SGL customers to choose SAF to reduce their CO2 emissions, no matter where in the world their transportation needs are.
Step in accelerating climate actionsThe emission-reducing solution is part of SGL’s Sustainable Logistics Services to help reduce its customers’ supply chain transport emissions as well as its own emissions.
When requesting to use SAF, customers choose the level of emissions they want to reduce from their airfreight shipments and thereby the amount of SAF they need to achieve the reduction. Contrary to offsetting, which has been commonly used to balance emissions from airfreight, the use of SAF counts as an actual reduction of emissions.
Recognizing the critical part airfreight plays in modern supply chains, the flexible solution allows SGL’s customers to meet their CO2 reduction targets without compromising transit times, potentially affecting time-sensitive products.
SGL also uses SAF to reduce its own business travel impact.
Partnerships for the winTo SGL, ambitious climate action is only possible through collaboration and close partnerships with customers, suppliers, and other industry players.
Martin Andersen, Global Head of ESG and Quality, explains:
“We want to be a leading partner in offering our customers tangible solutions to reducing their transportation emissions. SAF is an effective and available solution to reduce airfreight emissions and an important step in mitigating climate changes together.”
Jonathan Wood, Vice President, Europe Renewable Aviation at Neste, agrees:
“We are pleased to partner with SGL to make our Neste MY Sustainable Aviation Fuel available to its air freight customers. We are increasing our SAF production capacity to 1.5 million tons per annum by the end of 2023, which further supports the emission reduction goals of SGL and its customers.”
Supporting an ambitious voluntary approach to sustainable fuel is part of SGL’s accelerated call to action for measures supporting the green transition. The agreement with Neste is in line with SGL’s science-based target commitment to halve its emissions by 2030.
Reductions that countNeste’s SAF is made from sustainably sourced 100 % renewable waste and residue raw materials. Compared to fossil jet fuel, SAF significantly reduces emissions by up to 80%* over the lifecycle. The solution has no risks of double counting, and the emission reduction can be counted toward Science Based Targets (SBTi).
*) The 80% refers to greenhouse gas (GHG) emission reduction, which includes CO2. Calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology.
Sustainability Report 2021
Read more about SGL’s concrete climate actions in its Sustainability Report 2021: https://www.scangl.com/media/2988/sgl_sustainability_report_2021.pdf
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