PwC Spain has reached an agreement with Spanish flag carrier Iberia to promote the use of Sustainable Aviation Fuel (SAF) in Spain and mitigate the impact on the environment of its activity.
The agreement means that the firm undertakes to acquire from Iberia, each year, an amount of sustainable fuel equivalent to between 10% and 30% of the CO2 emissions derived from PwC Spain’s corporate trips with the airline.
The collaboration is part of PwC Spain’s commitment to reach net zero emissions by 2030, to reduce its emissions and those of its suppliers, and to support clients in the gradual decarbonisation of their operations.
This goal involves reducing greenhouse gas emissions by 50% in absolute terms by 2030, offsetting every tonne of CO2 emitted by investing in carbon dioxide reduction projects, and ensuring that the electricity consumption of our offices comes from 100% renewable sources.
Since 2019, PwC Spain has reduced the emissions generated by its professionals’ business trips by 43%.
PwC Spain has been showing its commitment to the development of SAF as a decarbonisation tool for years, with the preparation of different studies and works. The first of these, The socio-economic impact of the development of SAF in Spain, estimates that the construction of 32 plants, between 2025 and 2050, would involve an investment of more than 22,000 million euros, which could generate 56,000 million euros of Gross Domestic Product (GDP) and 270,000 jobs in our country.
The second, entitled How to make Spain the European leader in SAF, includes 16 measures to position Spain as a European benchmark for this type of fuel, which has the capacity to reduce CO2 emissions by more than 80% compared to conventional kerosene.
