Boeing and Virgin Australia have signed a Memorandum of Understanding focusing on sustainability, engagement and well-being of their people and f responsible and inclusive business practices. The agreement is on the backdrop of joint effort and knowledge-sharing across various areas of environmental impact.
The MoU is based on five key areas sustainable aviation fuel (SAF), First Nations Supply Chain, Career for women in aviation, carbon offsets and clean energy.
Commenting on the MoU, Christian Bennett, Chief Corporate Affairs and Sustainability Officer, Virgin Australia said: “This is our first MoU focused on sustainability, and we are excited to work with Boeing. This MoU will assist to drive and magnify change by combining our strong expertise in Australia's commercial aviation business with Boeing's global knowledge and insights.”
One of the primary targets of the MoU is to tackle the challenge of SAF. Both companies recognize the importance of developing and promoting alternative fuels that reduce carbon emissions in the aviation industry. By exploring innovative solutions and supporting research and development, they aim to accelerate the adoption of SAF.
The MoU also emphasizes the promotion of First Nations supply chains. Through this collaboration, they aim to create opportunities and partnerships that benefit First Nations businesses and contribute to a more inclusive and sustainable supply chain.
Another spect of the partnership is the focus on promoting careers for women in aviation. The MoU also highlights the importance of high-quality carbon offsets. By investing in verified and credible carbon offset projects, they aim to mitigate the environmental impact of their operations and contribute to a more sustainable future.
Lastly, the MoU emphasizes the significance of clean energy cooperation between the United States and Australia. By sharing knowledge, best practices, and technological advancements, they aim to accelerate the transition to clean energy in both countries and to advance the ambitions of the 2023 Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact. In particular, its objective to advance responsible clean energy supply chains.
Sheila Remes, Boeing Vice President of Environmental Sustainability, added: "We are honored to partner with Virgin Australia to tackle the challenges we face today - mitigating our industry's climate impact, catalyzing the SAF industry, and human development and inclusion. Boeing and Virgin Australia can work together to deliver significant solutions for the Asia Pacific region and the aerospace sector.