Certified B Corp™
What does an organization need to do to earn and keep the title of Certified B Corp™? It certainly isn’t easy. It can only be achieved by accreditation from B Lab (a non-profit organization). Businesses must meet high standards of verified performance, accountability and transparency in five areas: governance, community, workers, environment and customers.
With more than 3,500 benefit corporations across 70 countries , B Corp™ is a global movement of corporations who use business as a force of good – and SkyNRG is now one of them!
The SkyNRG team has worked hard to make this certification a reality, understanding that becoming a Certified B Corporation® helps the world recognize the importance of our mission to decarbonize the aviation industry by making sustainable aviation fuels (SAF) the new global standard.
B Corp™ certification: the basics
A B Corp™, or benefit corporation, is a “for-profit corporation certified to meet rigorous standards of social and environmental performance, accountability, and transparency.”
By being independently audited, companies are signaling to the world that they are serious about their efforts to go beyond profit and into positive change. To assure transparency to the public, the final assessment is made available in the B Corp™ Directory. Recommendations on areas of improvement are also provided together with the evaluation.
The certification itself is based on a rigorous assessment of all SkyNRG’s activities and impact on several categories. These are:
Strengthening SkyNRG’s mission
A sobering fact: climate change caused by human activity is threatening the lives and livelihoods of billions of people and the existence of millions of species. But climate change does not affect all people equally.
While the US and the EU are responsible for close to half of all historical emissions of CO2, poor and vulnerable people are the first to suffer and are the worst hit. This makes climate change a matter of social justice requiring urgent and radical action.
To act, SkyNRG contributes to a just energy transition in the hard-to-abate sector that is aviation. Its mission? To make sustainable aviation fuel the new global standard. By stimulating the sustainable aviation fuel market, we reduce carbon emissions while empowering local economies.
Becoming a B Corp™ further strengthens SkyNRG’s governance around sustainability. Organizations such as WWF, Solidaridad, and NWF already ensure SkyNRG makes well-informed decisions concerning sustainability. Our participation in RSB (Roundtable for Sustainable Biomaterials), and certification of our fuels with the RSB standards, means our SAF meets the highest sustainability standards in the industry, also from a social sustainability perspective.
A 360° approach to sustainability
SkyNRG’s principles underpin our reasons to become a Certified B Corporation®.
These principles are:
Reducing the emissions of pollutants and greenhouse gases around airports through the SAF we supply and of our fuel production sites. This is done by implementing innovative technologies to find new ways and materials to create SAF, such as carbon capture;
Advancing ambitious policies that support the upscaling of the SAF sector in a way that benefits marginalized communities and leads to revenue-generating opportunities for locals;
Seek consultation from local communities in the development of SAF projects, including First Nations and Native Americans.
Beyond being a catalyst for the sustainable aviation fuel market, SkyNRG also addresses its own carbon footprint by activities such as assuring our offices run fully on sustainable energy, and that, when the only option is to fly, 100% of fossil jet fuel volumes used for business travel are replaced by sustainable aviation fuel.
SkyNRG ultimately received its certification with sustainability and governance as the leading categories. But achieving this certification does not mean the end of our sustainability journey. While we are on the right path, there is room to improve. We will be actively working to increase our positive impact, together with the B Corp ™ team.
SkyNRG hopes that the global energy transition will lead to a more equal society where all can benefit. However, adhering to these principles does not come without obstacles as they require funds. Currently, SAF is not economically competitive with conventional jet fuel which impedes the rapid uptake of SAF by airlines. Innovative financing mechanisms are therefore needed to accelerate the uptake. Mechanisms such as SkyNRG’s Board Now Program or Fly on SAF Solution, where companies or consumers can contribute to paying for this price difference, are indispensable to drive change.
The growth of the B Corp ™ movement is a signal for positive change, beyond profit. Together, we can accelerate the energy transition, decarbonize aviation, and create a more sustainable future. Let’s change the way the world flies.