Watershed facilitates SAFc purchase for Blackrock, Samsara
Enterprise sustainability platform Watershed has facilitated purchase of sustainable aviation fuel certificates (SAFc) on behalf of customers including BlackRock, Ripple, Samsara and Block.
“We see collective engagement in the SAF market as a compelling demand signal,” said Claire Kiely, Head of Watershed Marketplace Carbon Supply.
“Watershed consolidates our customers’ demand for high-impact, low-carbon technology like SAF, then works with SAF suppliers, airlines, and experts through SABA to meet that demand and grow an essential new sector. By participating in this historic investment, Watershed customers are providing a powerful demand signal for SAF and affirming the role SAFc will play in corporate emissions reduction initiatives.”
The purchases, coordinated with the Sustainable Aviation Buyers Alliance (SABA), will add SAF directly to Alaska Airlines passenger flights, and the SAFc will be applied to the companies’ corporate footprints to compensate for business travel emissions. This investment supports the production and use of SAF.
“Ripple remains committed to accelerating the transition to a low-carbon economy, and joining the push for SAF is an important step in our journey to net-zero carbon by 2030,” said Ken Weber, VP of Social Impact & Sustainability at Ripple.
The purchases are part of SABA’s largest-ever collection of deals, announced in April 2024: commitments expected to result in $200m of SAFc worth roughly 50m gallons of SAF, or 500,000 tonnes of abated CO2e over the next five years.
Watershed is an aggregator partner of SABA, which accelerates investment in, and adoption of, SAF. With this purchase, Watershed customers including BlackRock, Ripple, Samsara, and Block are participants in SABA.
“Alaska Airlines is all-in on advancing the market for sustainable aviation fuels (SAF), a critical element in the path to decarbonize aviation,” said Diana Birkett Rakow, senior vice president of public affairs and sustainability, Alaska Airlines.
“We are one of the founding members of SABA’s Aviators group because we know that we will only reach our destination if we’re tackling this challenge from all angles – business, policy, financing, and more. Investing in SAF alongside partners like Watershed, BlackRock, Ripple, Samsara, and Block helps us scale up use and provides critical demand signals for the market.”