Deutsche Bank has expanded its sustainability partnership with the Lufthansa Group by investing in the deployment of approximately 1,600 metric tonnes of Sustainable Aviation Fuel (SAF).
The agreement is projected to reduce carbon dioxide emissions by an estimated 5,500 metric tonnes compared to conventional kerosene, which equates to the emissions of roughly 520 flights between Frankfurt and London. The initiative forms part of Deutsche Bank’s corporate strategy to halve supply chain emissions by 2030 compared to 2019 levels.
Frank Naeve, Senior Vice President of Global Sales and Distribution at Lufthansa Group, stated that the scale of the investment demonstrates the increasing importance of sustainable travel within the corporate sector. Jörg Eigendorf, Chief Sustainability Officer of Deutsche Bank, added that consistent corporate demand is essential to encourage SAF producers to scale up production and make alternative fuels more competitive.
The transaction follows a broader trend in corporate aviation; approximately 1,700 companies globally invested in SAF via Lufthansa Group initiatives over the past year, contributing to a doubling of the airline’s total SAF sales.
