Corporate offtakes and partnerships Last year saw growing interest in SAF book-and- claim mechanisms, with increasing emphasis on the role companies can play to decarbonize their business travel by purchasing SAF certificates, while supporting plant scaling-up and fuel production. SAF certificates and book-and-claim Many airlines and air cargo carriers have book-and- claim travel programmes through which they sell SAF certificates to businesses flying with them or purchasing goods flown on their aircraft, to reduce emissions associated with air travel – typically counted under companies’ Scope 3 emissions. Bilateral interviews have highlighted how the expansion of these corporate travel programmes is a top priority for airlines and carriers. However, the proportion of businesses buying SAF certificates to offset business travel emissions is currently extremely small. Similarly, fuel producers have reported they are monitoring the book-and-claim landscape to review the feasibility of introducing new business models for corporate customers. Some governments have indicated they are exploring book-and-claim mechanisms, both to facilitate compliance with mandates and to overcome potential feedstock availability and cost constraints in some regions. Selected industry trials are taking place, such as the collaboration between Mizuho, ENEOS and other players, that completed its first phase in Summer 2025 with a test purchase of Scope 3 certificates.160 Intermediaries and facilitators acting between supply and demand have emerged as one-stop-shops for businesses, trying to capitalize on the fragmented landscape caused by the multiple players now selling, buying and re-selling SAF certificates. Challenges facing book-and-claim and SBTi compliance Despite increasing interest in book-and-claim from multiple stakeholders, and stable voluntary demand from corporates for SAF throughout 2025 even in today’s geopolitical context, recognition of book-and-claim as a legitimate mechanism that companies can use to meet their targets under the Science Based Targets initiative (SBTi) remains uncertain. This most likely contributes to the limited corporate demand for such mechanisms. In 2025, SBTi launched two consultations on the revised version 2.0 of its Corporate Net- Zero Standard, which opened the pathway for SAF certificates to be allowed as an indirect mitigation measure under certain criteria and circumstances. The industry has broadly welcomed this development, but confidence in the outcome continues to be moderated by significant uncertainty and divergence of views. A survey conducted by the World Economic Forum in December 2025 with 18 First Movers Coalition members and partners to gauge their views on the SBTi’s second consultation showed that fewer than half of respondents felt the revised Corporate Net-Zero Standard is moving in a positive direction, with additional concerns mounting around the challenges of implementing the standard (see Figure 10).Corporate commitments to purchase SAF continue to play a critical role in helping scale the industry. By procuring SAF for your travel program today, your organization is providing bankable demand for this important technology, which helps to continue investment flow into the sector and, in turn, future- proof economic growth and connectivity. Paul Abbott, Chief Executive Officer, Amex GBT The role of tech and industry in driving decarbonization has never been clearer. By investing in sustainable fuels today, we are demonstrating how climate ambition must be matched by concrete action. Through concerted action like AVEVA’s investment in SAF book-and-claim, industries can scale new technologies, minimize life-cycle emissions and set a higher standard for responsible growth. Caspar Herzberg, Chief Executive Officer, AVEVA Global Aviation Sustainability Outlook 2026 41