AXA has become the first corporate client to sign up to airline Lufthansa’s new corporate carbon offset scheme.
Lufthansa Group launched Compensaid, the airline’s digital CO2 compensation platform for individual travellers in 2019, saying it ensures flying carbon neutral is possible. Now the scheme has been broadened to corporate flyers with AXA Deutschland the first company to sign up to the programme.
The “Compensaid Corporate Program” provides corporate customers with the possibility to use, for instance, Sustainable Aviation Fuel (SAF) for their air travel. With SAF they can compensate the CO2 emissions produced when flying.
“This program allows companies to offset all their flights – whether they’re with the Lufthansa Group or other airlines,” added the airline.
Under the scheme AXA Deutschland will offset its business-related air travel for an initial period of three years.
“CO2-neutral flying is already possible today. With Compensaid, we have a powerful tool for providing attractive and innovative offers to our customers. Offsetting is part of our strategy to cut our CO2 emissions in half by 2030 and achieve a neutral carbon footprint by 2050. We are delighted that with AXA Deutschland we have gained a partner that shares our vision of sustainable mobility,” explains Christina Foerster, Lufthansa Group Executive Board Member for Customer, IT & Corporate Responsibility.
Air travel compensation with Compensaid is done either through the use of SAF, the sponsorship of certified climate protection projects, or a combination of both options.
Sustainable Aviation Fuel refers to sustainable, non-fossil-based kerosene. Currently, it is primarily derived from biomass, such as used cooking oils. SAF is therefore a genuine alternative to carbon-based aviation fuels and, in the long term, can allow for virtually CO2-neutral aviation.
Besides the use of SAF, Compensaid also allows offsetting through certified climate protection projects. These include, for instance, the promotion of photovoltaic systems, the use of efficient stoves that require less firewood and therefore emit less CO2 into the atmosphere, or the replacement of diesel generators with systems that produce electricity from biomass. Companies participating in the “Compensaid Corporate Program” can choose the project that suits them best.
AXA Deutschland’s offsetting starts with 15 percent via SAF and 85 percent through selected climate protection projects. This results in the complete CO2 neutrality of all the flights.
“Sustainability in general and combating climate change are essential aspects of our AXA strategy. Our dedicated sustainability team and the AXA Innovation Campus are always on the lookout for innovative concepts and Lufthansa’s Compensaid offer came exactly at the right time for us. The future offsetting of carbon emissions generated by our flights is another definitive step towards reducing our carbon footprint and another string to our bow in our determination to achieve carbon-neutral business travel”, explained Sirka Laudon, Head of People Experience and responsible for AXA Germany’s Sustainability Project.