NWABF plans first delivery of the fuel by the end of 2023. 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. Read More: https://news.delta.com/delta-invests-net-zero-aviation-through-aviation-climate-taskforce. Deltas new brand campaign builds on the commitment first announced in March 2020 to be the first carbon-neutral airline globally. In the meantime, technologies like direct air capture have the potential to scale. Sustainable aviation fuel supplied by industry leader SkyNRG signals new approach for business travel Editor's Note - Oct. 22, 2020 - Updated with a clarification on what sustainable aviation fuel is produced from. Delta is working toward more sustainable aviation by leveraging existing solutions and technologies, investing in the future of Sustainable Aviation Fuel and actively engaging with next-generation solutions. The global aviation industry is a hard-to-abate sector, meaning it is innately difficult to decarbonize. The newer aircraft burn 15% to 20% less fuel than the aircraft . In addition to exploringinvestments inSAF andresearch and developmentfornew technologies,Deltaplans to spend more than $30 millionto address13millionmetric tonsofcarbon dioxide emissions from March1 to Dec. 31,2020throughanoffset portfolio. 1 contributor to Deltas carbon footprint and the chief focus of our efforts to reduce our emissions and manage our environmental impact. SAF is a critically important lever to reduce the life-cycle carbon emissions from aviation fuel. Carbon capture and storagetechnologyneed to progress to serve the expected demand for carbon dioxide removal from the atmosphere, especially for hard-to-abate sectors like aviation. 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. Please see www.deloitte.com/aboutto learn more about our global network of member firms. Commitment to Transparency SAF can reduce lifecycle greenhouse gas emissions, which is the greenhouse gas impact from fuel during each stage of its production and use, up to 80% compared to fossil jet fuels. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. 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Your guide to SAF, the low-carbon alternative to conventional jet fuel that's helping to transform the airline industry. American airline Delta is to buy 385 million gallons of green hydrogen-derived sustainable aviation fuel (SAFs), the largest deal of its kind made by a US airline and a major step forward for producers looking to make green biofuels with renewable H 2. Through this and other partnerships, Delta advocates for policy support and market incentives that will catalyze the burgeoning SAF industry, such as a feedstock and tech-neutral SAF-specific Blenders Tax Credit coupled with a robust SAF grant program. While these technologies are nascent and very expensive today,Deltabelievesthey have great future potential andarethefirst stepstowards zero-impact aviation. According to the carrier, "United is years ahead of all US airlines in using and investing in sustainable aviation fuel." In fact, the airline says that the supply agreements it has for this type of fuel represent more than half of the commercial aviation industry's total agreements. Deloitte is proud to be part of the largest global professional services network serving its clients in the markets that are most important to them. Delta has pledged to replace 10% of its jet fuel with SAF by 2030. Deltas journey toward its sustainability goals will require collaboration and partnerships. A carbon offset is a verified, quantifiable emissions reduction as a result of an investment in a project designed to avoid, reduce or remove carbon dioxide from the atmosphere. The premier agreement helps address emissions from BCD employee travel and, as one of the largest travel management agencies in the world, bolsters the future of sustainability in the travel industry. SAF is blended with conventional jet fuel to reduce overall emissions while meeting FAA regulations. It was the only U.S. airline included in the 2021 S&P Global Sustainability Yearbook. Deltas thoughtful approach to understanding the research ecosystem will help support research and development for the industry, saidSteven Barrett,Head of MITs Laboratory for Aviation and the Environment. In addition, the projects promote sustainable livelihoods, conserve critically endangered species, support the preservation of indigenous communities culture and traditions, and maintain the natural resources on which forest communities depend.. In short, BCD helps their clients travel smart and achieve more. Delta Air Lines and BCD Travel USA LLC have signed the first-ever sustainable aviation fuel (SAF) agreement for a travel management company. First approved for commercial aviation use in 2011 (when blended with petroleum jet fuel), SAF is much more expensive than fossil-based fuel, costing generally at least four or five times more than conventional jet fuel.. Sustainable aviation fuel is produced from bio feedstocks that can reduce greenhouse gas lifecycle emissions significantly compared to conventional jet fuel. The airline's commitment to carbon neutrality is coming to fruition with swift impact through immediate actions and long-term investments to combat climate change. In the near-term, Deltawill invest in verifiedcarbon offsets to achieve carbon neutralityand ensure forests aremaintained,protectedand expanded. Sustainable aviation fuel is produced from bio feedstocks that can reduce greenhouse gas lifecycle emissions significantly compared to conventional jet fuel. Nestes SAF is made from sustainably sourced, renewable waste and residue materials, and it is a drop-in fuel that offers an immediate way to directly reduce lifecycle greenhouse gas emissions from aviation. These Delta investments provide the necessary financial stabilityforprojects to protect forests and their vast capacity to store carbon the original technology provided by nature, saidGeraldProlman, CEO of Everland LLC. Those efforts have resulted in more than 1 million gallons of purchased SAF so far. 1 airline named amongAmericas Most Sustainable Companies by Barronsin 2020,the only U.S. airline includedin the2021S&PGlobalSustainability YearbookandhasreceivedtheVision for AmericaAward by Keep America Beautiful and Captain Planet Foundation'sSuperhero Corporate Award. We consider how much it will cost to decarbonize aviation as well as regional differences in approach, such as surcharges and subsidies. 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. Delta Air Linesaudaciouscommitment to carbon neutralityfrom March 2020 onwardis coming tofruition withswift impact throughimmediateactionscoupled withlong-term investmentsto combat climate change. The companies hope to create a common, more transparent model for analyzing potential greenhouse gas emissions reductions that could then be adopted by organizations considering SAF programs. These collaborations may include a variety of initiatives, for . Delta continued building momentum in 2022 on its journey to connect people to a more sustainable future of flying. Delta Air Lines and BCD Travel USA LLC have signed the first-ever sustainable aviation fuel (SAF) agreement for a travel management company. DELTA NEWS ON THE GO. Delta is the first U.S. airline to partner with EcoVadis, a provider of business sustainability ratings. Read More: https://news.delta.com/delta-spotlights-sustainable-heights-recent-flight. Flight to Net Zero encompasses Deltas climate leadership through its carbon neutrality goal. We are proud to take this next long-term step alongside Delta Air Lines in supporting the lasting sustainability of our planet by reducing the impact of airline travel on the environment.. * Science Based Targets initiative is a coalition that defines and promotes emissions reductions goals that climate scientists predict is needed to keep global warming to well below 2 degrees Celsius. The premier agreement helps address emissions from BCD employee travel and, as one of the largest travel management agencies in the world, bolsters the future of sustainability in the travel industry. Read More: https://news.delta.com/delta-joins-drawdown-georgia-business-compact. The collaboration with BCD Travel continues to underscore the significant positive environmental impact that can be achieved through collaboration. In the short term,Deltaintends to achievecarbonneutralitybydirectlyreducing emissionsthroughfleet and operational efficienciesandaddressingremainingemissions throughcarbon offsetprojectinvestmentsthat maintain,protectandexpand forests. Achieving thisambitiousgoalwill requiresignificant capital investment, support from government partners, research and development frommanufacturersand evolution of some of theworlds largest industries. Delta's Commitment to Sustainability Since 2005, Delta has reduced its jet fuel consumption, leading to an 11 percent decrease in emissions as Delta works toward its long-term goal of reducing emissions by 50 percent by 2050. Travel management companies, especially those as globally focused as BCD Travel, are noting the importance of traveling sustainably. 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 theDow Jones Sustainability North America Indexfor ten consecutive years. It can leverage existing technology and infrastructure, such as fuel delivery pipelines, and work with current fleet models. The goal is to reach 10 percent SAF . Theseinvestmentssupport the cost of running the programsand conserving more than half a million acres of forests while avoiding the release ofan average of5 million metric tons of carbon to the atmosphere per year. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. They partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move whole companies toward their goals. "This first-of-its-kind investment for Southwest furthers our efforts to support the commercialization of affordable, lower-carbon SAFon a life-cycle basis compared to conventional jet fuelwhich can help the aviation industry reach its ultimate goal of carbon neutrality by 2050." In SAF and other emerging technologies, Delta is also partnering with corporate, agency and cargo customers on SAF agreements to encourage the growth of the alternative fuels markets. "Actions speak louder than words, and we are delighted to . To power its SAF agreement with Deloitte, Delta entered into a separate SAF supply agreement with Neste, a leading producer of low emission, renewable fuel for aircraft. Deltas commitment to sustainability is about joining arms to create a better world as the industry works to reach its sustainability goals. This partnership is the first multi-year SAF commitment for Delta and builds on the growing list of travel management companies and corporate partners that share in Deltas commitment to bolster the future of sustainable air travel. Aemetis, Inc. | Aemetis Signs Offtake Agreement with Delta Air Lines for 250 Million Gallons of Sustainable Aviation Fuel Aemetis, Inc. is an industrial biotechnology company producing renewable chemicals and fuels using patented microbes and processes. Delta was the No. Department of Energy Honors 12 From NREL. Delta will welcome a Chief Sustainability Officer in 2022, continuing its commitment to build a sustainable future for air travel. 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. Delta seekstoengageinvestors, customers and employeesonthis journeytoward zero-impact aviation. The more that join us on this mission, the better.. Delta Airlines has entered into a 10-year contract with renewable fuels company Aemetis, worth more than $1 billion, to source sustainable aviation fuel for its flights. From fuel to food, Deltas flight from Atlanta to Salt Lake City showcased sustainable technologies available to customers today, as well as innovations in development as part of the SkyTeam Alliances Sustainable Flight Challenge. The transition towards Sustainable Aviation Fuel (SAF) has been identified as one of the key factors in reducing greenhouse gas emissions across the industry. Delta, American and others around the world have turned to sustainable aviation fuel, or SAF, to get to zero . To drive forward a new chapter for aviation, Delta is joining the Aviation Climate Taskforce (ACT) a new nonprofit founded to tackle eliminating carbon dioxide emissions in aviation. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the Deloitte name in the United States and their respective affiliates. Other enhancements to our onboard offerings include bedding made from 100% recycled plastic bottles, reusable and biodegradable service ware and premium canned wine. Hear from three Delta leaders about why this journey matters, what were doing now and where were headed. Delta hasworkedwith leadersinside and outside the aviation sector toshapeitsplansand will announcemultiple partnershipsin the second quarter. Learn more about Sustainable Aviation Fuels. Deloittes people come together for the greater good and work across the industry sectors that drive and shape todays marketplace delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Read more:neste.com. DG Fuels will provide Delta with 385 million gallons of a new low-emissions sustainable aviation fuel, a vital resource needed for aviation to reach its sustainability goals. Delta has even started executing industry-leading. Delta is also investing in new, more fuel-efficient aircraft to optimize the use of jet fuel. With the right policies and incentives in place, we can unlock a future where sustainable aviation fuel is a viable climate solution that benefits air travel and beyond..