Business Daily Media

The Times Real Estate

.

Sino Jet Announces Carbon Neutrality Plan

HONG KONG SAR - Media OutReach - 5 June 2022 - On World Environment Day, 5th June 2022, Chinese business jet company Sino Jet announced its carbon neutrality goal. Sino Jet plans to align with the aviation industry emission contribution target, utilise the company's technological advantages, to achieve carbon neutrality in its self-own fleet, ground support businesses and office operations in 2025.

And by 2025, Sino Jet aims to drive more than 20% of its managed aircraft to achieve carbon neutrality in flight operations, and ultimately achieve carbon neutrality in the entire Sino Jet Group in 2035.

Reducing greenhouse gas emissions has been a key subject in global sustainable development. "To reach carbon peak by 2030 and achieve carbon neutrality by 2060" is China's solemn commitment to the international community. Sino Jet promptly responds to the nation's calling for the carbon goals, is one of the first companies in the business jet sector to strategise a "green aviation" development. Sino Jet was the first in China to operate a "carbon neutral" business jet flight on April 22 this year, promoting more research and inspiring the industry to explore and develop in carbon emission reduction.

In accordance with ISO 14064-1 and with reference to the "Greenhouse Gas Protocol Corporate Accounting and Reporting Standard" set out by the World Resources Institute, Sino Jet conducted a comprehensive investigation and quantification of the company's carbon emissions base on its operations in 2021. The investigation scope widely covered aircraft trading, aircraft management, charter flights, ground handling services and fixed-base operator (FBO) management. The total Greenhouse Gas (GHG) emissions from the chain of business jet services provided by Sino Jet was found to be 31,612.14 tons, of which Scope 1 emissions (including aviation fuel burn, gas burn, coolant, extinguisher) accounted for 28,282.48 tons and Scope 2 emissions (including purchased electricity and heating) accounted for 345.15 tons and Scope 3 indirect emissions (including commuting, travel, consumables, and waste disposal) accounted for 2,984.49 tons.

Sino-en.jpg


On the basis of the findings of the Greenhouse Gas (GHG) Emissions investigation, Sino Jet has formulated a scientific path to achieve its carbon neutrality goal, and plans to follow the proposition of "focus on energy conservation and emission reduction, then supplement by carbon offsets", to improve existing green practices by digitalisation, sustainable energy applications, green office buildings, green transportation, green supply chain and carbon offset. From these six aspects, Sino Jet aims to achieve its carbon neutrality goals as scheduled.

To expediate the accomplishment of carbon neutrality, Sino Jet's primary goal is to achieve neutrality in operating its self-own aircraft. Sino Jet has already begun with the development of a carbon management system that is suitable for business jet operations, fully integrable with its information management system, to create a quantifiable, traceable green aircraft operation and to achieve neutrality its self-own fleet operations, ground services, and office operations in 2025. In terms of carbon emission per capita within the company, Sino Jet targets a 20% reduction in 2035 and a 40% reduction in 2050.

Sino Jet also seeks to drive more than 20% of its managed fleet to achieve carbon neutrality by 2025, and to achieve carbon neutrality in its entire business including aircraft management by 2035. Sino Jet also plans to incentivise green carbon neutral flight options to encourage its business partners and clients to join its carbon reduction journey.

Looking at Sino Jet's carbon emissions data in 2021, fuel burn was identified as the major source of emissions, and aviation fuel accounted for 88.53%. Naturally, acquiring efficient business jets, enhancing fuel utilization efficiency and construct green aviation system are key steps for Sino Jet to achieve carbon neutrality.

Currently, very few airports in the world supply sustainable aviation fuel (SAF) and most of these airports are located in Europe and North America. Civil Aviation Administration of China (CAAC) sets out a roadmap for green development in January 2022 to seek green and low-carbon development. China plans to significantly increase the use of SAF in 2030. In light of this roadmap, Sino Jet has reached an agreement with China National Aviation Fuel Group Limited (CNAF) to be the pilot client for SAF at all domestic airport. Sino Jet also pledges to opt for SAF wherever possible.

Sino Jet understands that working to achieve carbon neutrality is corporate social responsibility. Sino Jet's goal does not stop at achieving carbon neutrality itself, but to also encourage other stakeholders, including aircraft manufacturers, fuel suppliers, airports, ground transportation companies to jointly explore more innovative ways to reduce carbon emissions and conserve energy, to develop sustainably, to help traditional industries evolve and most importantly to combat global warming.

About Sino Jet

Sino Jet, founded in 2011, it specializes the management and operation of large business jets. Its business ranges from aircraft trading, aircraft maintenance, global charter services, ground handling, fixed based operator (FBO), to luxurious travel services and more. Sino Jet is fully committed to the concept of the complete life cycle management of its aircraft and it is also the first business jet company in mainland China to obtain the highest level of safety recognition for international business jet operations - IS-BAO level 3 certification. Furthermore, Sino Jet has been named "The World's Leading Business Jet Company" at the World Travel Awards in 2020 and 2021.

Sino Jet has dual headquarters in Beijing and Hong Kong. The company is also rapidly expanding in Mainland China with bases in Shanghai, Hangzhou, Shenzhen, Guangzhou, Xiamen, Zhuhai, Chengdu and Singapore etc.

#sinojet #carbonneutral #CarbonNeutrality #GreenAviation #AviationSustainability #SAF

News from Asia

Renaissance College's Red Door Centre and Library Shine at Greater Bay Area School Awards

HONG KONG SAR - Media OutReach Newswire - 28 February 2025 - Renaissance College (RCHK) is thrilled to announce that its Learning Technology hub, the Red Door Centre (RDC), and the Library have b...

'AI godfather' sounds the alarm on growing risks in the AI race

HANOI, VIETNAM - Media OutReach Newswire - 28 February 2025 - The rise of powerful artificial intelligence (AI) like DeepSeek is transforming the world at an unprecedented pace, sparking enthusia...

Spackman Entertainment Group Returns To Profitability, Posting US$3.52 Million In Total Comprehensive Income For FY2024

The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023 The turnaround was mainly due t...

Hong Kong’s 2025-26 Budget Advances Innovation and Technology

HONG KONG SAR - Media OutReach Newswire - 28 February 2025 - Driving innovation and technology was a key focus of Hong Kong SAR's Financial Secretary Paul Chan's 2025-26 Budget. Identifying Artifi...

Turning Losses into Profits: AI Drives Significant Revenue Growth for IGC

HONG KONG SAR - Media OutReach Newswire - 28 February 2025 – International Genius Company (hereafter referred to as "IGC"; Stock Code: 0033.HK) announced its interim results for the period ending...

China CITIC Bank International and Hong Kong Airlines to launch co-branded Mastercard® card

Strengthening credit card product portfolio Travel offers and rewards to drive credit card spending HONG KONG SAR - Media OutReach Newswire - 28 February 2025 - China CITIC Bank International Lim...

BK8 News Is The New Title Sponsor Of Gresini Racing MotoGP: Let's Get Started

BURIRAM, THAILAND - Media OutReach Newswire - 1 March 2025 - Starting Today, the Gresini Racing MotoGP team will officially be known as BK8 Gresini Racing MotoGP. This marks the latest major annou...

Asian Electronics Online Exhibition 2025 Kicks Off – Unlock Cutting-Edge Innovations & Global Trade Opportunities

TAIPEI, TAIWAN - Media OutReach Newswire – 3 March 2025 - The Asian Electronics Online Exhibition 2025 (ASIANTRONICS 2025) is set to redefine global sourcing and collaboration in the electronics s...

Arlo Technologies Announces Price Repositioning On Security Products

SINGAPORE - Media OutReach Newswire - 3 March 2025 - Arlo Technologies, a leading innovator in smart home security solutions, is thrilled to announce a Recommended Retail Price repositioning acros...

Gaw Capital Partners Announces Strategic Investment in NPX Point Avenue

HANOI, VIETNAM - Media OutReach Newswire - 3 March 2025 - Private equity firm Gaw Capital Partners today announces a strategic investment, through a fund under its management, in NPX Point Avenue...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sydney Startup Launches AI Platform To Lead the Charge on Gender Pay Gap Action

EvenBetter.ai launches in Australia with First Customers Knight Frank and Fuji Australia Sydney-based startup EvenBetter.ai has today launched th...

The Real Risk: Why Failing to Plan for Retirement is a Gamble You Can’t Afford

As the CEO of Reventon, I’ve experienced financial ups and downs firsthand. My journey in property investment has been defined by bold decisions, st...

The dangers of flex-washing: Why organisations must prioritise true flexibility to attract and retain talent

In the modern workplace, flexibility has become one of the most sought-after benefits for employees. As companies seek to attract top talent, many...

Small and medium size businesses failing to realise the significant benefits and cost savings of AI

Experienced business marketing and sales strategist, Jennifer Benedek, founder and director of FWD Focus, is set to host a much-needed ‘Human+AI M...

How women can thrive in business: Renee Gracie’s top tips

Empowering women entrepreneurs is essential for fostering economic growth, innovation, and social progress. Women-owned businesses contribute sign...

Sell by LayBy