PwC China joins Asia's first major Corporate Sustainable Aviation Fuel (SAF) Programme with Cathay Pacific
Working together with Cathay Pacific to use SAF for the first time at Hong Kong International Airport
Beijing, 20 April 2022 – PwC China, as one of the first eight corporate launch customers for Cathay Pacific’s pilot Corporate Sustainable Aviation Fuel (SAF) Programme, is committed to reduce carbon emissions by purchasing SAF through the first major programme of its kind in Asia. The programme provides corporate customers the opportunity to reduce their carbon footprint from business travel or airfreight by contributing to the use of SAF uplifted for the first time from Hong Kong International Airport (HKIA) on Cathay Pacific flights.
PwC China joins hands with Cathay Pacific and their corporate launch customers to kick-start the programme. As leaders in corporate climate action, the launch customers are committed to reducing the climate impact from their business travel and/or airfreight activities by helping to facilitate the wider adoption of SAF by the air transport industry.
Raymund Chao, PwC Asia Pacific and China Chairman, said, “As part of PwC’s commitment to net zero greenhouse gas emissions by 2030, we have made supporting the development of sustainable air travel a priority. Despite its benefits, sustainable aviation fuel only accounts for a very small percentage of global jet fuel used today. Accelerating its adoption over the next decade can help to reduce emissions caused by air travel. Therefore, we are collaborating with the aviation industry to increase investment in SAF. We have found an important partner in Cathay Pacific, a pioneer in supporting SAF development for more than a decade. We look forward to collaborating with the airline and other corporates towards transitioning into a net zero future and delivering a sustainable tomorrow.”
Augustus Tang, Cathay Pacific Chief Executive Officer, said: “We continue to pioneer our industry’s move towards more substantial use of SAF, especially in Asia. Last year, we were among the first carriers in the world to announce a target of 10% SAF for our total fuel use by 2030. We have made significant progress since and are pleased that uplifting SAF from HKIA is now a reality with the strong support of the local authorities and fuel suppliers.”
SAF is considered the most important way to decarbonise airline operations in the next few decades, before alternatively powered aircraft can be widely deployed in commercial operations. Compared to conventional jet fuel, SAF results in a significant reduction in carbon emissions across its lifecycle.
The SAF used for the launch of this programme is made from used cooking oil and animal fat waste. It is made available to Cathay Pacific by its pilot Corporate SAF Programme fuel suppliers. The very first uplift of SAF at HKIA is made possible through a collaborative effort with many stakeholders along the supply chain and various government departments. SAF used in this programme will go through the normal aviation fuelling infrastructure, which provides important learning for developing ongoing regular SAF supply from HKIA in the future.
PwC has made a commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting its clients to reduce their emissions as well as reducing those from the PwC network’s operations and suppliers. To achieve this, PwC is reducing its GHG emissions by focusing on energy efficiency measures, continuing to source renewable electricity certificates equivalent to 100% of its electricity consumption, and halving emissions associated with flights and business travel.
Additional information about the Cathay Pacific Corporate Sustainable Aviation Fuel Programme can be found at https://www.cathaypacific.com/cx/en_HK/about-us/sustainability/climate-action/corporate-sustainable-aviation-fuel-programme.html
About Cathay Pacific
Cathay Pacific is the home airline of Hong Kong with over 75 years of history, and is a founding member of the oneworld global alliance. The Cathay Pacific Group also comprises low-cost airline HK Express and express all-cargo carrier Air Hong Kong, connecting people and cargo around the world. Cathay Pacific is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE).
For more information, please visit www.cathaypacific.com.
