Cathay is aiming to cultivate increased collaboration with important stakeholders to decarbonise the aviation industry and achieve its goal of net-zero carbon emissions by 2050.
Following the successful launch of its Corporate Sustainable Aviation Fuel (SAF) Programme in 2022, Cathay has added three new partners to the programme: Dimerco Express Group, Yusen Logistics, and NGO partner Business Environment Council.
The three have joined Cathay to promote the wider adoption of renewable energy by the aviation industry to decarbonise their business travel and cargo shipments.
These new partners also join the programme’s launch customers – AIA, Airport Authority Hong Kong, Kintetsu World Express, PwC China, Standard Chartered and Swire Pacific.
Cathay’s Corporate SAF Programme partners are committed to reducing the climate impact from their business travel and airfreight activities through scaling up the use of SAF, which is considered to be the most important lever for decarbonising airline operations over the next few decades, before alternatively powered aircraft can be widely deployed in commercial operations.
Cathay Group CEO Ronald Lam said: “Cathay is undertaking a multi-pronged approach to contribute to the aviation industry’s transition towards a greener future. SAF is an important facet of this approach, and we have received strong support from our corporate and cargo customers since the launch of our Corporate SAF Programme. We have also established new SAF supply partnerships in the broader Asia region to convey a clear message to the SAF supply chain that there is firm demand from this part of the world.”
Cathay was among the first airlines in the world to announce a target of 10 per cent SAF for its total fuel use by 2030. Since then, it uplifted SAF at Hong Kong International Airport for the first time in 2022, and successfully conducted its first overseas SAF uplifts on commercial flights at Singapore Changi Airport and Los Angeles International Airport last year.
Last year, Cathay and State Power Investment Corporation signed a Memorandum of Understanding to drive the further development of the SAF supply chain in China.
In addition to increasing the use of SAF, Cathay’s carbon reduction roadmap includes fleet modernisation, operational efficiency improvements, leveraging on emerging technology breakthroughs to decarbonise aviation, and high-quality carbon offset projects.
