NetJets Shares First Biannual Global Sustainability Program Progress Update
On April 15, NetJets released its first biannual update following the launch of its expanded Global Sustainability Program in October 2020. Since the program announcement, NetJets has taken its commitment to sustainability a step further, acquiring a stake in WasteFuel, a next-generation waste-to-fuel business that transforms landfill waste into sustainable aviation fuel (SAF). NetJets will also purchase 100 million gallons of SAF over the next decade. This represents one of the largest SAF offtakes in the aviation industry and by far the largest in private aviation.
In addition to sustainable fuel, NetJets’ initiative focuses on consumer and corporate carbon offsetting. This includes offsetting NetJets’ administrative and training flights, as well as its two corporate offices in Columbus, Ohio, which are now carbon neutral.
The following metrics are highlights of these collective efforts in the U.S. over the last six months:
- A 61percent increase in Blue Skies enrollment: The Blue Skies program encourages owners worldwide to take responsibility for the environmental impact of their flight by seamlessly purchasing the equivalent amount of carbon credits to ensure their flight activity is carbon neutral
- Approximately 750,000 nautical miles flown with SAF
- 38,543 metric tons of CO2 offset
- 7,650 carbon-neutral flight hours purchased
NetJets Europe, which has been carbon neutral since 2012, offset 4,724 metric tons of carbon from October 2020 through February 2021 and over 1 million metric tons total. NetJets Europe will begin purchasing SAF in 2021.
“Our worldwide sustainability efforts continue to be a source of pride and passion for us at NetJets and a key business priority in 2021 and beyond,” said Brad Ferrell, executive vice president of administrative services. “Our financial and operational commitments, to SAF in particular, not only push competitors to take a stance on the issue but also help guarantee the continued availability of sustainable fuel for the larger aviation industry. This is just the beginning of our journey, and we are invigorated to further our progress as the leader in sustainable private aviation.”
A subsidiary of Berkshire Hathaway, NetJets aligns its Global Sustainability Program with the holding company’s commitment to the U.N. Sustainable Development Goals.
