Acer, Cathay Cargo and Dimerco Join Forces to Reduce Carbon Emissions via Sustainable Aviation Fuel

Rhea-AI Summary

Acer, Cathay Cargo, and Dimerco Express Group are collaborating to reduce carbon emissions in aviation through the use of sustainable aviation fuel (SAF). Starting in 2024, Acer and Dimerco will support SAF use on Cathay Cargo flights as part of Acer's net-zero strategy. SAF, made from plant or animal materials, can reduce aviation's greenhouse gas emissions by up to 80%. This initiative is part of Cathay Pacific's Corporate SAF Programme, one of the first of its kind in Asia.

The collaboration aligns with Acer's Earthion sustainability platform and its commitment to achieve net-zero emissions by 2050. Acer is also investing in smart solutions for carbon reduction, energy savings, and productivity improvements, including e-mobility and energy storage solutions. The company began using biofuel solutions for sea logistics in Q4 2022 and is accelerating its actions towards net-zero carbon emissions.

Positive

• Acer is taking concrete steps to reduce carbon emissions in its logistics operations
• The collaboration with Cathay Cargo and Dimerco supports Acer's goal of net-zero emissions by 2050
• Sustainable aviation fuel can reduce greenhouse gas emissions by up to 80% compared to fossil fuels
• Acer is diversifying its sustainability efforts beyond product design, including investments in e-mobility and energy storage solutions

Negative

• None.

TAIPEI, Aug. 27, 2024 /PRNewswire/ -- Acer (TWSE: 2353), Cathay Cargo, and Dimerco Express Group are joining forces to reduce carbon emissions in aviation. Acer and its logistics provider Dimerco have signed an agreement to support sustainable aviation fuel (SAF) use on Cathay Cargo's flights, beginning from 2024. Under Acer's net-zero strategy is a commitment toward greener logistics, which the company will focus on to achieve its goal of net-zero emissions by 2050.

SAF is a type of biofuel, made from plant or animal materials rather than fossil fuels, which can reduce aviation's greenhouse gas emissions by up to 80%.^[1] The International Air Transport Association (IATA) estimates that SAF could contribute around 65% of the reduction in emissions needed by aviation to reach net zero by 2050.^[2] The collaboration will be part of Cathay Pacific's Corporate SAF Programme that was launched in 2022 and one of the first of its kind in Asia.

"The agreement between Acer and Dimerco to support SAF is another advancement under our Earthion sustainability platform to tackle environmental challenges together with our supply chain partners," said Grace Liu, Corporate Sustainability Officer, Acer Inc. "Net zero emissions is a global consensus, and we are taking actions to reduce emissions across our entire product lifecycle – from manufacturing, production, to transportation."

"We work closely with our customers to reduce freight-based carbon emissions. SAF stands out as a game-changer, slashing greenhouse gas emissions up to 80% compared to fossil fuels. By joining forces with Acer and Cathay Cargo, we're taking concrete action towards a more sustainable world." said George Chiou, President, Air Freight, Dimerco Express Group.

Cathay Director Cargo Tom Owen said, "We are delighted to welcome Acer to our Corporate SAF Programme through its partnership with Dimerco Express Group, which joined our Programme last year. We believe that partnerships such as this along the supply chain are essential if we are to achieve our own and the aviation industry's stretching targets to decarbonize operations. We are ready to support all of our forwarder and shipper customers in achieving their own sustainability goals through the use of SAF, which is one of the most effective ways to contribute to the aviation industry's transition to a greener future through the reduction of net emissions."

Acer is committed to bringing a positive impact on the environment and creating a cleaner and more sustainable future. Its efforts go beyond eco-conscious product designs that use recycled materials. Acer has also invested in smart solutions that help reduce carbon, save energy, and increase productivity, including solutions in e-mobility and parking. The company started leveraging biofuel solutions to reduce its sea logistics emissions in Q4 2022 and offers energy storage solutions from household to industrial use, manufacturing to application, and front-of to behind-the-meter solutions to contribute to the energy transition. Acer is accelerating its actions to move forward on its path to net-zero carbon emissions.

[1] What is sustainable aviation fuel and how is it made? World Economic Forum [2] Developing Sustainable Aviation Fuel (SAF), IATA

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

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SOURCE Acer

FAQ

What is Acer's (ACEYY) collaboration with Cathay Cargo and Dimerco for sustainable aviation?

Acer, Cathay Cargo, and Dimerco are collaborating to reduce carbon emissions in aviation by supporting the use of sustainable aviation fuel (SAF) on Cathay Cargo flights starting in 2024.

How much can sustainable aviation fuel (SAF) reduce greenhouse gas emissions for Acer (ACEYY)?

Sustainable aviation fuel (SAF) can reduce aviation's greenhouse gas emissions by up to 80% compared to traditional fossil fuels.

What is Acer's (ACEYY) target year for achieving net-zero emissions?

Acer has set a goal to achieve net-zero emissions by 2050.

When did Acer (ACEYY) start using biofuel solutions for sea logistics?

Acer began leveraging biofuel solutions to reduce its sea logistics emissions in Q4 2022.