Neste Corporation, News, 21 September 2023
Neste and SQUAKE, a leading technology provider for powering carbon calculations and providing tangible compensation for all travel and logistics emissions, are announcing a strategic partnership that enables businesses to purchase Neste MY Sustainable Aviation Fuel™ through flight booking systems using SQUAKE’s technology.
Travel companies using SQUAKE’s technology infrastructure can now provide their business customers an opportunity to opt for sustainable aviation fuel (SAF), for instance during their booking process or by including SAF automatically in all bookings by the company.
Goodwings, a climate-focused travel management platform that helps businesses reduce their emissions, is the first travel management company to incorporate the option to purchase SAF in their booking platform. Goodwings enables their global client network to mitigate their emissions and fly more sustainably using Neste MY Sustainable Aviation Fuel. With SQUAKE’s technology embedded in Goodwings’ travel platform, all processes from SAF order creation and invoicing to document management are fully automated.
Neste, Goodwings and SQUAKE are proud to empower businesses and travelers towards building a more sustainable travel industry by accelerating use of SAF to significantly reduce air travel-related emissions.
“SAF has been around since 2008, and yet it only accounted for 0.1% of the world’s total jet fuel consumption in 2022. At Goodwings, we’re on a mission to change that. This strategic partnership brings together three businesses that share a deep commitment to changing the status quo of the travel industry. With Neste’s world class SAF, SQUAKE’s sustainable travel and logistics, and Goodwings’ innovative B2B business model, we’re primed and ready to accelerate the green transition,” said Christian Møller-Holst, CEO and founder of Goodwings.
“Neste is working closely together with innovative and industry-leading partners such as SQUAKE and Goodwings to leverage the full potential of sustainable aviation fuel to reduce greenhouse gas emissions from air travel. We are proud that this partnership broadens the opportunities for business travelers to voluntarily reduce the carbon footprint of their air travel by purchasing our SAF and credibly reporting the emission reductions achieved,” said Susanne Bouma, Head of Partnerships and Programs from the Renewable Aviation business unit at Neste.
“This partnership realizes the core purpose of our solution: Connecting change and decision makers at scale to maximize and accelerate the sustainable transformation of the travel industry. Being trusted by such forward-thinking market leaders is yet another proof of the scalability and relevance of our solution,” stated Philipp von Lamezan, CEO and Co-founder of SQUAKE.
Sustainable aviation fuel
SAF is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil based jet fuel and widely recognized as a key solution to reduce aviation related emissions. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuel’s life cycle compared to using fossil jet fuel. Neste MY Sustainable Aviation Fuel is produced from used cooking oil and animal fat waste, 100% renewable raw materials which are sustainably sourced. SAF is blended with conventional jet fuel before use and it works seamlessly with existing aircraft engines and fueling infrastructure.
*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology
Further information: Please contact Neste's media service, tel. +358 800 94025 / email@example.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com
Goodwings is a sustainable travel management system that helps businesses reduce their emissions. Through their climate-focussed SaaS travel management platform, businesses can book all their travel in one place and get funds transferred into their Carbon Account. This is then used to fully offset clients 'Scope 3' travel emissions through the purchase of Sustainable Aviation Fuel and carbon removal credits. Goodwings is a B Corp certified company that was founded in 2015 by Christian Møller-Holst and is headquartered in Copenhagen, Denmark. For more information, please visit their website: www.goodwings.com / LinkedIn / Instagram / Twitter
SQUAKE is the industry solution for sustainable travel and logistics. It's fast, secure and scalable. The SQUAKE Solution Suite is live with industry leaders from several travel and logistics segments, and performs accurate carbon calculations for all types of activities (e.g. flights, road, accommodation amongst others) according to national and international standards. It automates carbon reductions and/or compensations along the supply chain, from supplier selection (SAF, DAC, ecological restoration) to inventory management, invoicing and credit retirement.