Global Jet Capital entered into a strategic partnership with Azzera, an innovative provider of carbon offsetting and compliance solutions for business aviation. The partnership is purposed to bolster the company’s commitment to sustainability.
Global Jet Capital has teamed up with Azzera to design a multi-pronged approach to its sustainability platform, which includes conducting a comprehensive annual audit to assess scope 1 and 2 direct emissions. Global Jet Capital intends to compensate for its scope 1 and 2 emissions by purchasing a carefully curated portfolio of high-quality carbon offsetting projects identified by Azzera in adherence with the Oxford Principles for Offsetting. The Oxford Principles are designed to help ensure that carbon offsetting projects have been validated for their contribution toward achieving net zero.
Additionally, the partnership will extend to supporting the company’s ongoing CleanFlight program, which was originally launched in 2020. The collaboration with Azzera will allow Global Jet Capital to continue offering its clients a flexible and seamless pathway to measure and compensate the greenhouse gas emissions related to their business aircraft. Through the partnership, clients will gain access to a diverse portfolio of regionally based carbon credit projects. These projects will allow Global Jet Capital’s clients to align their offsetting efforts with their unique needs and sustainability goals. Clients will also enjoy access to compliance management solutions, including a specialized carbon offsetting and reduction scheme for international aviation (CORSIA) specific portfolio, which ensures adherence to CORSIA requirements.
“We believe Azzera is an ideal sustainability partner for us,” Vivek Kaushal, CEO of Global Jet Capital, said. “With their deep industry experience and strong ties to the business aviation sector, coupled with their strategic presence in both North America and Europe, Azzera is uniquely positioned to support our global client base in achieving their sustainability goals.
“Our collaboration with Global Jet Capital merges their financial expertise with our innovative sustainability solutions,” Puja Mahajan, CEO of Azzera, said. “Together, we’re not only providing answers for Global Jet Capital’s clients but also nurturing a culture of responsibility and foresight. We are delighted to be partnering with such a pioneering company in business aviation.”
