On 23 October, Julius Baer has partnered with Cathay Pacific to promote the use of sustainable aviation fuel as part of the airline’s corporate sustainable aviation fuel programme.
The collaboration is part of Julius Baer’s decarbonisation efforts and climate goals, which include targets to achieve net-zero emissions by 2030 and a 30% reduction in air travel by 2025 compared to 2019, as air travel accounts for a significant portion of its operational emissions, it said.In 2022, the bank introduced an internal carbon price for air travel, with the proceeds used to purchase sustainable aviation fuels from global airline partners such as Cathay Pacific, Swiss The proceeds from the introduction of an internal carbon price for air travel in 2022 will be used to purchase sustainable aviation fuel from global aviation partners such as Cathay Pacific, Swiss International Air Lines and Lufthansa Group.