Delta Air Lines and Takeda Pharmaceutical Company Limited (“Takeda”) have entered into a Sustainable Aviation Fuel (SAF) agreement that will address carbon emissions from the company’s business travel with Delta. Through this agreement, Takeda joins the growing roster of corporate customers entering into SAF agreements facilitated by Delta, representing the shared commitment between both companies to reduce emissions. These partnerships drive investment in the SAF market, building industry demand and broadening the market with the goal of decreasing the aviation industry’s reliance on conventional jet fuel.
“In 2020, Takeda achieved carbon neutrality across our value chain, including aviation, representing a significant milestone in our sustainability journey,” said Michelle De Costa, Head of Global Meetings & Travel Center of Excellence at Takeda. “As we build on this achievement in 2021 and beyond, partnering with Delta, who shares in our commitment to the environment, helps us continue to achieve our goals while investing in a more sustainable future.”
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 to make its operations more sustainable. The collaboration with Takeda continues to underscore the significant positive environmental impact that can be achieved through sustainable collaboration.
Read more about Delta’s holistic sustainability strategy here.
“Being an airline committed to decarbonizing aviation means working in partnership with our customers to help address their emissions,” said Amelia DeLuca, Delta’s Managing Director of Sustainability. “As we look to a future where air travel and sustainability aren’t mutually exclusive, working and investing with our partners is a vital step in getting us there. We are grateful for partners like Takeda who are reaching out to find solutions.”
SAF is a critically important lever to reduce the lifecycle carbon emissions from aviation fuel, up to 80 percent when used in pure form compared to fossil jet fuel. Through Delta’s separate SAF supply agreement with Neste, Delta is able to facilitate its SAF agreement with Takeda and offer sustainable air travel solutions to other corporate customers.
Neste has been at the forefront of SAF production for nearly a decade and is the world’s leading producer SAF. Neste MY Sustainable Aviation Fuel is made from sustainably sourced, renewable waste and residue materials. It is a drop-in fuel that offers an immediate way to directly reduce greenhouse gas emissions from fuel combustion, requiring no new investments, modifications or changes to the aircraft or fuel distribution procedures.
About Delta Air Lines
From being the first and only U.S. airline to voluntarily cap greenhouse gas emissions at 2012 levels to last year’s commitment to be the first carbon-neutral airline globally, Delta has a longstanding commitment to sustainable air travel. Delta was the No. 1 airline named among America’s Most Sustainable Companies by Barron’s in 2020, the only U.S. airline included in the 2021 S&P Sustainability Yearbook and has received the Vision for America Award by Keep America Beautiful and Captain Planet Foundation's Superhero Corporate Award. Delta has also earned a spot on the FTSE4Good Index for six consecutive years and the Dow Jones Sustainability North America Index for ten consecutive years. For more information, visit Delta.com/sustainability.
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. They are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. Neste aims at helping customers to reduce greenhouse gas emissions with its renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, they are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. Neste has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94 percent of the company’s comparable operating profit coming from renewable products. Read more: neste.com.
Forward Looking Statements
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. 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. 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. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this release, and which we undertake no obligation to update except to the extent required by law.