• Japan Airlines and six partners validate Scope 3 environmental value trading to promote SAF adoption
• Successful trades and third-party verification confirm feasibility of the new platform
• Phase 2 to expand participation and prepare for full-scale implementation
Japan Airlines, in partnership with ITOCHU Corporation, ENEOS Corporation, NIPPON EXPRESS HOLDINGS, Mizuho Bank, Mizuho Research & Technologies, and Narita International Airport Corporation, has successfully completed Phase 1 of a groundbreaking initiative to advance sustainable aviation fuel (SAF) use through Scope 3 environmental value trading.
Launched in August 2024, the project tested a new trading platform over an eight-month period at Narita Airport. Participating companies registered trading information, matched terms, signed bilateral contracts, and completed verified transactions. The entire process was evaluated by third-party organization ClassNK, confirming its transparency and effectiveness.
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“Through demonstration tests conducted with six companies, we have recognized once again that environmental value trading is a mechanism that contributes to the decarbonization of aviation,” said Mitsuko Tottori, President & Group CEO of Japan Airlines. “The JAL Group will continue to collaborate with each company to promote understanding and support wider adoption.”
Mitsuko Tottori, President & Group CEO of Japan Airlines
“The confirmation of the scheme’s effectiveness through this demonstration test marks a significant step forward,” said Keita Ishii, President & COO of ITOCHU. “We will continue collaborating with leading partners to help build a circular economy.”
Keita Ishii, President & COO of ITOCHU
ENEOS, which conducted a full-cycle demonstration from SAF procurement to sale, affirmed the approach’s potential. “We will continue to promote the use of SAF and Scope 3 environmental attributes to contribute to GHG reduction in the aviation industry,” said President Atsuji Yamaguchi.
ClassNK validated the credibility of the scheme and emphasized its market potential: “Trading the environmental value of Scope 3 emissions is an extremely effective means of promoting greater use of SAF,” said President & CEO Hayato Suga.
President & CEO Hayato Suga
Phase 2 will expand the number of participants, enhance awareness of Scope 3 environmental value, and explore strategies for the platform’s full-scale social implementation. The goal is to foster a next-generation aviation network built around decarbonization and cross-industry collaboration.
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