Delta is also investing in new, more fuel-efficient aircraft to optimize the use of jet fuel. The European Union's "Fit for 55" package of regulatory proposals were announced on 14 July 2021 as part of the EU's strategy to reduce emissions 55% by 2030, compared to 1990 levels. This partnership is the first multi-year SAF commitment for Delta and builds on the growing list of travel management companies and corporate partners that share in Deltas commitment to bolster the future of sustainable air travel. The companyhasagreedto purchasea future supply of70 million gallons of sustainable aviation fuel per year. fact: Chevron's outlook is that SAF is expected to be the favored option for carbon reduction in jet fuel. The companies hope to create a common, more transparent model for analyzing potential greenhouse gas emissions reductions that could then be adopted by organizations considering SAF programs. The report details the companys global advocacy activities and policy engagements both direct and indirect that support and complement its Paris Agreement-aligned climate goals. Emissions reduction, sustainable fuel & innovation. Sustainable aviation fuels provide significant environmental benefits because the lifecycle carbon footprint can be up to 75 percent less than conventional jet fuel. Rather than being refined from petroleum, SAF is produced from renewable resources such as waste oils. Deloitte is proud to be part of the largest global professional services network serving its clients in the markets that are most important to them. Connecting the world and protecting our environment for future generations cannot be mutually exclusive,said Delta CEO Ed Bastian. American airline Delta is to buy 385 million gallons of green hydrogen-derived sustainable aviation fuel (SAFs), the largest deal of its kind made by a US airline and a major step forward for producers looking to make green biofuels with renewable H 2. The . Learn how Deloittes more than 330,000 people worldwide connect for impact at www.deloitte.com. The goal is to power every flight fueled at SEA with at least a 10% blend of sustainable aviation fuel (SAF) by 2028. Statements made in this release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered forward-looking statements under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Sustainable aviation fuels can be made from soybean oil and a number of other feedstocks, including oilseeds, grease and waste fats, in conventional petroleum refineries. Global aviation accounts for about 3% of global greenhouse gas (GHG) emissions and is one of the toughest sectors to . Deloittes people come together for the greater good and work across the industry sectors that drive and shape todays marketplace delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. These handcrafted kits will eliminate five single-use plastic items such as zippers and packaging, reducing plastic use by up to 90,000 pounds on an annual basis. 1 airline named amongAmericas Most Sustainable Companies by Barronsin 2020,the only U.S. airline includedin the2021S&PGlobalSustainability YearbookandhasreceivedtheVision for AmericaAward by Keep America Beautiful and Captain Planet Foundation'sSuperhero Corporate Award. In the year since Delta announced its $1 billion commitment to carbon neutrality from March 2020 onward, the company remains focused on carbon reduction and removal and stakeholder engagement in an effort to ensure its operations are more sustainable. Jet fuel is the No. Collaborations like this, between Delta and Deloitte, further support SAF development and represent the growing demand for innovations in clean fuel technologies. Sustainable aviation fuel accounts for much less than 1% of global aviation fuel. Achieving thisambitiousgoalwill requiresignificant capital investment, support from government partners, research and development frommanufacturersand evolution of some of theworlds largest industries. Subscribeandfollow. "Sustainable aviation fuels represent the most meaningful solution currently available to reduce climate impact for the "hard-to-decarbonize" aviation industry" - Sara Bogdan, Head of Sustainability and ESG for JetBlue. SAF is a cleaner, direct replacement for fossil jet fuel and reduces . From fuel to food, Deltas flight from Atlanta to Salt Lake City showcased sustainable technologies available to customers today, as well as innovations in development as part of the SkyTeam Alliances Sustainable Flight Challenge. The report was informed by the reporting standards of the Sustainability Accounting Standards Board and the Task Force on Climate-Related Financial Disclosures, and future iterations of the report will continue to build on ESG content and analysis. The coalition is spearheaded by the U.S. State Department and the World Economic Forum and reflects Deltas leadership as the worlds first carbon neutral airline. Learn more about Sustainable Aviation Fuels. DELTA NEWS ON THE GO. This program will help cargo customers reduce their environmental footprint and create a more sustainable future. Today, there is only enough SAF available on the market to support one day of Deltas operations at pre-pandemic levels. Delta Air Lines and BCD Travel USA LLC have signed the first-ever sustainable aviation fuel (SAF) agreement for a travel management company. Chevron, Delta Air Lines, and Google Announce Intent to Measure Sustainable Aviation Fuel Emissions Data, Increase Industry Transparency, Delta signs first multi-year SAF agreement with CTM, reaches collective purchase of 300,000 gallons with corporate partners, Delta joins First Movers Coalition to drive breakthrough technologies and sustainable fuels, A decarbonized future for flight: Delta and Airbus collaborate to pull forward the future of hydrogen fuel, Delta invests in TPG Rise Climate to accelerate innovative climate solutions, 10 ways Delta advanced the more sustainable future of flying in 2022, Delta, DG Fuels partner in pivotal expansion of sustainable fuel market, Delta leaders reflect on accelerating the airlines sustainability goals, Delta, Joby Aviation partner to pioneer home-to-airport transportation to customers. For more information, visit www.bcdtravel.com. The privately-owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency), Park N Fly (off-airport parking) and Airtrade (consolidation and fulfillment). In SAF and other emerging technologies, Delta is also partnering with corporate, agency and cargo customers on SAF agreements to encourage the growth of the alternative fuels markets. Wemustcontinue totake immediate actions today andcant wait for future solutions to become a reality. DTTL (also referred to as Deloitte Global) does not provide services to clients. Flight to Net Zero encompasses Deltas climate leadership through its carbon neutrality goal. Carbon RemovalProjects:Thisrefers tonature-based solutions such asafforestation and reforestation, where additional trees areplantedor areas are restoredin an effort toabsorb additionalcarbon dioxidefrom the atmosphere. The global aviation industry is a hard-to-abate sector, meaning it is innately difficult to decarbonize. Such statements are not guarantees or promised outcomes and should not be construed as such. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. Delta Air Lines has signed an agreement with hydrogen and biogenic-based fuel developer DG Fuels for up to 385 million unblended gallons of a new low-emissions sustainable aviation fuel (SAF). The airline's commitment to carbon neutrality is coming to fruition with swift impact through immediate actions and long-term investments to combat climate change. Read More: https://news.delta.com/delta-signs-first-multi-year-saf-agreement-ctm-reaches-collective-purchase-300000-gallons-corporate. Other enhancements to our onboard offerings include bedding made from 100% recycled plastic bottles, reusable and biodegradable service ware and premium canned wine. Delta was the No. Together, we will make a difference for generations to come.. As Delta works to solve its largest impact on the environmentcarbon dioxide emissionsitplans toinvest ininnovativesolutions, likecarbon capture and storage andsustainable aviation fuels(SAF). From fuel to food, Deltas flight from Atlanta to Salt Lake City showcased sustainable technologies available to customers today, as well as innovations in development as part of the SkyTeam Alliances Sustainable Flight Challenge. Jan. 30, 2023. The premier agreement helps address emissions from BCD employee travel and, as one of the largest travel management agencies in the world, bolsters the future of sustainability in the travel industry. Englewood, Colo.-based Gevo had to shut down its Luverne biofuel facility. SAF can reduce lifecycle greenhouse gas emissions, which is the greenhouse gas impact from fuel during each stage of its production and use, up to 80% compared to fossil jet fuels. It has received the Vision for America Award by Keep America Beautiful and Captain Planet Foundation's Superhero Corporate Award. Delta is making strides toward its goal of fueling 10% of its operation with sustainable aviation fuel by the end of 2030, signing an agreement with SAF maker Gevo that significantly expands the availability of this nascent technology. Delta and Airbus will collaborate on industry-leading research to accelerate the development of a hydrogen-powered aircraft and the ecosystem it requires. Sustainable aviation fuel is produced from bio feedstocks that can reduce greenhouse gas lifecycle emissions significantly compared to conventional jet fuel. These risks and uncertainties include, but are not limited to, those described in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Under a new agreement, the low-emissions fuel company plans to establish a new SAF supply stream that could provide Delta with 385 million gallons of unblended sustainable aviation fuel, while helping to expand availability of SAF in the underserved marketplace. View our 2021 ESG Report (PDF) and 2021 ESG Report Snapshot, Delta's Climate Lobbying Report details the companys global advocacy activities and policy engagementsboth direct and indirectthat support and complement our Paris Agreement-aligned climate goals. Effective policy engagement will continue to shape how Delta advances progress towards our climate goals and a more sustainable future for flight., View Climate Lobbying Report, opens in a new window. Delta's goal is to replace 10 percent of its jet fuel refined from fossil fuel with sustainable aviation fuel by the end of 2030. Sustainable aviation fuel is produced from bio feedstocks that can reduce greenhouse gas lifecycle emissions significantly compared to conventional jet fuel.
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