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- Qantas joins forces with Rio Tinto and BHP, committing $80M to Silva Carbon Origination Fund.
- Focus on high-integrity ACCUs to align with Australia’s carbon reduction targets and the Paris Agreement.
- Investment in nature-based solutions supports sustainable land management and reforestation in Australia.
Qantas has become a foundational investor in the Silva Carbon Origination Fund, joining industry giants Rio Tinto and BHP. Managed by Silva Capital, a joint venture between Roc Partners and C6 Investment Management, this fund aims to raise $250 million to develop high-integrity, nature-based carbon projects in Australia
Chief Sustainability Officer Andrew Parker emphasized, “For hard to abate sectors, such as aviation, high-integrity carbon offsets will play an important role in achieving climate targets. We expect the demand for carbon offsets to continue to grow into the future and it’s going to take partnerships across industries to enhance the overall availability of high-quality, high-integrity carbon credits.”
Qantas’ $80 million commitment, part of its AUD$400 million Climate Fund, will help the airline meet its compliance obligations and advance its climate goals with verified, high-quality carbon credits. These credits will be generated through land reforestation projects that not only reduce emissions but also create social and economic benefits for local communities.
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“The Silva Carbon Origination Fund will enable us to continue to elevate our carbon market strategy, while also helping to positively shape the development of the overall industry,” added Parker.
This strategic investment reflects Qantas’ broader approach to evolving its carbon portfolio, aligning with nature-based solutions that provide ecological and economic benefits. It also builds on Qantas‘ recent investments, including its involvement in the Sustainable Aviation Fuel Financing Alliance (SAFFA) and a Queensland biofuel production facility, as part of its commitment to accelerating the global production of aviation biofuel.