CWT and SQUAKE form global partnership to help corporate travel programs access Sustainable Aviation Fuel at scale
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CWT and SQUAKE are announcing a global partnership that will support the use of Sustainable Aviation Fuel (SAF) in the business travel industry, at scale. Enabled by SQUAKE’s CO2 Solution Suite, the partnership will empower CWT’s global client network to mitigate carbon emissions from business travel with Neste MY Sustainable Aviation Fuel™.
In the initial phase of the partnership, CWT’s clients will be able to use Neste Impact to reduce carbon emissions via the SQUAKE platform. The entire process, from purchasing to using SAF and certificate creation, is fully automated and operated via SQUAKE’s tech infrastructure. Clients can access detailed information on their respective order via SQUAKE’s Trust Page and self-service management system.
The two companies will also work together to raise awareness in the market about different sustainable travel solutions and strategies. This will include equipping corporate travel buyers with the latest insights and in-depth expertise on SAF, alongside other high quality carbon removal offerings such as Direct Air Capture or biochar which are also accessible via SQUAKE.
“This partnership realises the core purpose of our solution: connecting change and decision makers at scale to maximise and accelerate the sustainable transformation of the travel industry. Being trusted by such forward-thinking market leaders is further proof of the scalability and relevance of our solution.”
Phillip von Lamezan, CEO and Co-founder of SQUAKE.
“SAF presents a highly promising pathway for decarbonizing air travel, and so we’ve been looking closely at different solutions in this space to support our customers’ sustainability goals. SQUAKE has one of the most innovative products in the market, which will enable our clients to access Neste’s world class sustainable aviation fuel as well as other impactful climate projects.”
Richard Thompson, Global Head of ESG and Employee Experience
“The partnership between CWT and SQUAKE makes our Neste Impact solution available to a much wider audience. This will enable a significant reduction of air travel emissions by using Neste’s SAF as well as helping to drive the acceleration of SAF production and usage”
Susanne Bouma, Head of Programs and Partnerships from the Renewable Aviation business
SAF is a renewable aviation fuel that provides a more sustainable alternative to conventional, fossil-based jet fuel. It is widely recognized as one of the key solutions for achieving the aviation sector’s emission reduction goals. Neste is the world’s leading producer of SAF and using its Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas (GHG) emissions by up to 80% compared to using fossil jet fuel.
SQUAKE holds an ISO 27001 certification for excellent data security management and is TÜV certified as Verified Compensation Provider (TN-CC-020).
About SQUAKE
SQUAKE helps companies to achieve their carbon targets and is considered the industry solution for sustainable corporate travel. 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.
About CWT
CWT is a global business travel and meetings solutions provider, with whom companies and governments partner to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. A private company, CWT provides its customers’ employees with innovative technology and an efficient, safe, and sustainable travel experience.
About Neste
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 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com.
