Lufthansa commits to purchasing $250 million worth of SAF in next 3 years
In its third-quarter earnings report, the Lufthansa Group said its executive board has decided to spend $250 million on sustainable aviation fuel (SAF) purchases over the next three years. “The Lufthansa Group is already the largest purchaser of sustainable aviation fuel in Europe and, with this decision, confirms its claim to be among the world’s leading airline groups regarding the use of SAF,” the company stated.
The airline is targeting reducing its CO2 emissions by 50 percent by 2030 compared to 2019 levels and achieving carbon neutrality by 2050.
“To substantiate these net targets further, the group is joining the so-called ‘Science Based Target Initiative’ (SBTi) to bring the CO2 reduction path in line with the United Nations Paris Climate Agreement,” Lufthansa stated. “CO2 emissions will be continuously reduced based on scientific calculations by the means of fleet renewal and optimization, improved operational efficiency, and the use of sustainable fuel. The official validation will take place in 2022.”
Carsten Spohr, chairman of the executive board and CEO of Deutsche Lufthansa AG, said, “Climate change is the greatest challenge of our time. The purchase of synthetic fuel for a quarter of a billion U.S. dollars in the coming years is the largest pure sustainability investment in the history of the Lufthansa Group to date. We stand by our responsibility with full conviction and are doing everything we can to make aviation even more sustainable in the future.”