As part of its growing sustainability efforts, Hecksher is implementing a new way for companies to address the climate impact of air freight: Sustainable Aviation Fuel certificates (SAFc). SAFc is an established market-based mechanism decoupling the environmental attribute of Sustainable Aviation Fuel (SAF) from the physical product through a ‘book and claim’ system and has become an important tool to reduce the environmental impact of essential business travel and air freight.
SAF is made from certified sustainable feedstocks, such as used cooking oil and other residual waste materials. It has emerged as a trusted solution to decarbonize the aviation industry as it can reduce life cycle CO2e emissions by up to 80%, according to IATA.
“We’ve already taken significant steps to reduce emissions in sea freight. Purchasing SAFc for air freight supports the replacement of fossil kerosene and offers a readily implementable, transparent and scalable solution for corporates looking to address their Scope 3 emissions without having to change carriers, routes or operational setup.”, says Niklas Olsson, Group CEO, Hecksher.
How it works
- Hecksher calculates the customer’s air freight emissions
- The customer selects a SAFc amount – matching all or part of their emissions
- The SAFc represents a volume of physical SAF used to replace kerosene in commercial operations. Via book & claim Hecksher owns the exclusive rights to the end-user emission reduction, which is recorded on the SAFc registry
- The SAFc registry publicly records all claimed emission reductions and only allows the issuance of SAFc where the physical SAF meets stringent quality controls such as third
–party verification, therefore assuring full transparency and avoiding double issuance/ claiming - The customer receives a digital certificate that includes all the characteristics of the SAFc supporting the environmental claim
“We have found a cost-effective solution that allows us to offer SAF at purchase price. This means our customers can buy SAF at a lower cost compared to several other providers.”, says Patrik Westraeus, Head of Sustainability at Greencarrier Group, which includes Hecksher.
Delivered in partnership with STX Group
The SAFc initiative is delivered in partnership with environmental commodities trader STX Group.
“We congratulate Hecksher and Greencarrier on taking this important step by implementing SAFc. It’s encouraging to see the shift toward renewable fuels, and at STX we are proud to support such pioneers by providing market access and liquidity in SAFc.”, says Fabian Roobeek, Managing Partner at STX Group.
About STX Group:
STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX teams have continued to be at the forefront of the global transition towards a low-carbon economy. Leveraging our long-standing expertise in accurately pricing pollution and emissions, it helps cultivate trust in market-based solutions to the decarbonized economy.
Through STX Group’s trading and corporate climate solutions offerings, capital flows to thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress.
Headquartered in Amsterdam with offices in 13 countries worldwide, STX’s global team, inclusive of Vertis and Strive, comprises of over 500 employees of more than 50 nationalities.
For more information, visit stxgroup.com.
For more information, please contact:
Niklas Olsson, CEO, Hecksher – niklas.olsson@hecksher.com
Patrik Westræus, Head of Sustainability, Greencarrier Group – patrik.westraeus@greencarrier.com
