SABA announces historic agreements to purchase SAF certificates

The Sustainable Aviation Buyers Alliance (SABA) has announced the largest collection of deals to purchase high-integrity SAF certificates (SAFc).
Over five years, companies including AstraZeneca, Autodesk, Bain & Company, BCG, Deloitte, JPMorgan Chase, Live Nation, McKinsey & Company, Meta, Morgan Stanley, Netflix, Novo Nordisk, Samsung Biologics, Watershed, and Workday alongside SABA founding organisation RMI, have committed to channel close to $200 million (€187 million) into purchasing SAFc — equal to about 50 million gallons of high integrity SAF or 500,000 tons of abated CO2e.
This is roughly equivalent to the emissions of 3,000 fully loaded passenger flights from New York City to London.
This multi-year collection of deals, which involves close to 20 corporate aviation customers, four fuel providers, and three airlines, demonstrates the power of corporate demand to scale up investments in promising sustainable fuels that can drive decarbonisation of the aviation industry.
“Sustainable aviation fuel is one of the most promising pathways to large-scale aviation emissions abatement. SABA is helping to lower barriers to adoption and build the SAF sector through pioneering action, and Watershed is proud to include our customers in this latest historic purchase,” said Claire Kiely, head of marketplace carbon supply at Watershed.
“Like SABA, we believe economy-wide decarbonisation can accelerate when corporate climate leaders work together.”
“We are delighted to take another significant step towards our commitment to net-zero climate impact,” said David Webb, chief sustainability officer of BCG.
SAF is a drop-in fuel made with renewable or waste feedstocks. It can be used in today’s aircraft without investments to upgrade existing fleets and infrastructure, and can significantly reduce the carbon pollution from flight.
“This SABA procurement shows the power of prominent global companies demanding high-integrity sustainable aviation fuels. High-integrity sustainable aviation fuels are available right now, and we must work to rapidly scale their production to decarbonise air travel,” said Elizabeth Sturcken, managing director at Environmental Defense Fund, a SABA co-founder.