Luanne Lim, CEO Hong Kong at HSBC, says: “This is the largest SAF purchase that HSBC has undertaken to date. The Hong Kong initiative will serve as a pilot programme, which could help pave the way for broader implementation.
“It reflects our support for new economic solutions and demonstrates how businesses can collaborate to support innovative decarbonisation technologies.”
Cathay aims to achieve net-zero carbon emissions by 2050 and to use SAF for 10% of its total fuel consumption by 2030.
To accelerate the SAF transition, Cathay launched its Corporate SAF Programme in 2022, enabling members to reduce their indirect emissions associated with air transportation. HSBC Hong Kong was a launch member with a committed use of over 6,050 metric tonnes of SAF in 2024.
Ronald Lam, CEO of Cathay Group, says: “We are grateful to HSBC for this landmark partnership, showcasing shared sustainability leadership, and to EcoCeres for their market leading SAF production. We are very encouraged by the participation by more and more corporates in SAF related initiatives.
