Qantas SAF Coalition Program’s membership doubles
Qantas said that number of corporates in its SAF Coalition Program has doubled from five to eleven as Australian firms continue to turn towards sustainable aviation fuel (SAF) to help decarbonise their business travel and meet emissions reductions targets.
“The growing demand from corporate Australia for SAF is a clear vote of confidence in the domestic production of biofuels,” said Andrew Parker, chief sustainability officer, Qantas.
“Our corporate program is one of the many levers we’re exploring to manage the higher cost of SAF while we continue to advocate for and invest in local production. We’re also working with industry partners to invest in local technologies and projects that will help the sector reach its net zero targets, drive economic growth, create thousands of green jobs and secure Australia’s domestic fuel security.”
Qantas said that Accenture, Fortescue and McKinsey & Company have joined as partners to the programme, contributing to address 1,000 tonnes of carbon emissions whereas Commonwealth Bank, ING Australia, Deloitte, IMC and Raytheon Australia have joined as members, contributing to between 400-600 tonnes of carbon emissions.
It said that the addition of these members and partners means that the SAF Coalition program has doubled in its first year since launching in 2023 with five inaugural partners including Australia Post, BCG and Woodside.
The Qantas Group established a $400m climate fund to provide direct investments in sustainability projects and technologies, particularly the establishment of a domestic SAF industry.
In addition, Qantas announced in August that as part of recent aircraft deals with Boeing and Airbus it will secure access to up to 500m litres of SAF per annum that would start to flow from 2028. This has the potential to meet most of the Group’s interim SAF target for 2030.
Since 2022, Qantas has purchased SAF out of London and has contracts in place to start using it in California.
The Qantas SAF Coalition program allows corporates under a “book and claim” methodology in alignment with Science-Based Targets Initiatives guidance.