Southwest Partners With 4AIR For Sustainable Aviation Fuel Accounting

4AIR agreed to provide Sustainable Aviation Fuel (SAF) inventory accounting and documentation services for Southwest Airlines Co LUV.
Under the agreement, 4AIR will support Southwest with allocating and documenting certain Scope 3 emission reduction rights arising from its use of SAF for corporate clients participating in its SAF Beta Program.
The clients purchase Scope 3 emission reduction rights arising from Southwest's use of SAF.
Also Read: Southwest Airlines' Aircraft Appearance Technicians Approve New Agreement
The move supports Southwest's 10-year plan to maintain carbon neutrality to 2019 levels while continuing to grow its operations.
The plan includes a goal of replacing 10% of its total jet fuel consumption with sustainable aviation fuel (SAF) by 2030.
SAF is a key strategy to address the carbon emissions generated by the aviation industry associated with climate change.
Price Action: LUV shares are trading lower by 0.38% at $32.63 on the last check Monday.
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