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VICTOR X NESTE

Fly SustainablyVictor X NesteScience Based TargetsClimate ActionSustainable
Aviation Fuel2020 Carbon Statement2021 Carbon StatementPress Coverage

At Victor we believe in a better way to fly. The future is not in fossil fuels -
we are in a transition period to a low carbon economy - which is why we have
partnered with Neste, the world’s leading producer of Sustainable Aviation Fuel
(SAF) to enable our members to credibly chart a path to Net Zero.


PARTNERSHIP SUMMARY

Our industry-leading partnership with Neste allows Victor members to meet their
climate targets by purchasing SAF on-demand for any private jet flight globally,
and to credibly report on their emission reductions. Neste MY Sustainable
Aviation Fuel™ reduces greenhouse gas (GHG) emissions by up to 80% compared to
fossil jet fuel.

Victor customers can choose how much Neste MY SAF™ they would like to order when
paying for their flight. Once the final sector of the customer's itinerary has
landed, Victor will notify Neste who will release the ordered SAF to their
partner network of airlines for consumption. This new model therefore makes
Victor the first and only on-demand private jet charter provider to offer SAF
for every flight, regardless of operator or departure airport. This is currently
not available with any other private jet broker, but we hope that this will
change.

Neste MY SAF™ is already in production and available to use today - unlike SAF
that has not yet been produced, or SAF credits. Victor members have the ability
to take control of their climate impact with a SAF solution developed following
the aviation sector guidance by the Science Based Targets initiative (SBTi), the
gold standard for ambitious corporate climate action.

In this way, Victor’s private and corporate members can credibly and measurably
reduce their carbon dioxide emissions (CO2e), by replacing fossil fuel with
Neste MY Sustainable Aviation Fuel, which reduces carbon emissions by up to 80%
compared to conventional fossil jet fuel, over the fuel’s lifecycle.



Helene Goury (Neste), Hugo Boiten (Neste), Kate Thomas (Victor), Stuart Manning
(Victor), Susanne Bouma (Neste), Toby Edwards (Victor), Jason Reichow (Neste)




ABOUT NESTE MY SUSTAINABLE AVIATION FUEL™

Neste MY SAF™ is currently produced in Porvoo, Finland and is manufactured from
renewable raw materials such as used cooking oils. Prior to use in aircraft, SAF
is blended with fossil jet fuel and certified to meet ASTM jet fuel
specifications, before being distributed to airports where it is used to fuel
aircraft.

Neste only sources renewable raw materials that are traceable and not harmful.
This enables Neste and its partners to monitor the entire supply chain and
ensure suppliers’ absolute commitment to strict sustainability criteria.
Suppliers must also be committed to combating deforestation, protecting
biodiversity and respecting human rights as defined in Neste’s Supplier Code of
Conduct.

For more details, please visit: Neste I Sustainable supply chain




KEY BENEFITS OF NESTE MY SAF


VIABILITY

 * SAF represents a direct in-sector emission reduction.

 * Production and delivery infrastructure ready today.

 * Works on current aircraft and infrastructure as it complies to the same
   standards as fossil jet fuel. Therefore no need to design or build new
   aircraft or set up a parallel fuel infrastructure, like you need to with
   hydrogen powered or electric planes.


IMPACT

 * Lowers greenhouse gas (GHG) emissions - up to 80% compared to conventional
   fossil jet fuel over the fuel’s lifecycle*

 * Neste MY SAF™ is additional to regulatory SAF use making an impact above
   mandatory requirements.

 * Delivers additional climate benefits with reduced non-CO2 emissions.


CREDIBILITY

 * Credible and reportable emission reductions, Neste's SAF solution is
   End-to-End audited by a 3rd party auditor, ensuring against double claiming.

 * Aligned with the aviation guidance of Science Based Targets, Neste's
   transaction model is verified by PwC.

 * Neste ensures the sustainability of its entire renewable fuel production
   chain with certifications, e.g. ISCC, International Sustainability & Carbon
   Certification and RSB, Roundtable on Sustainable Biomaterials.

 * In the United States, the sustainability of Neste’s renewable fuels is
   monitored through the Environmental Protection Agency's (EPA) sustainability
   requirements.


WHY IS THE VICTOR X NESTE PARTNERSHIP UNIQUE?

This pioneering Victor x Neste partnership is groundbreaking because it allows
SAF demand to scale (not limiting the purchase of SAF to specific airports) and
is aligned with Science Based Targets (not futures).

The business aviation sector’s infrastructure is fragmented - according to WingX
in 2021 there were 803,708 flights from 3,987 airports - it therefore requires
an innovative solution to offer SAF at scale. It would negate the carbon
reduction potential of SAF if small amounts of fuel had to be physically
transported to each individual airport.

Until now, as SAF has only been available at a few airports or via purchasing
‘future SAF’ credits, there hasn’t been a credible SAF solution for the
on-demand jet charter business sector that is aligned with Science Based Targets
and the ability to reach Net Zero by 2050.


ORDERING AND REPORTING

Victor’s private and corporate members can reduce their carbon dioxide emissions
(CO2e), with a clear chain-of-custody. Neste ensures specific SAF volumes
purchased by Victor members are delivered to partner aircraft operators,
providing real in-sector climate benefits.

 * At checkout during the booking process, all Victor members can now easily
   choose how much fossil fuel they want to replace with Neste MY SAF™, from as
   little as 5% up to 100%.

 * The Victor member’s charter booking receipt will itemise exactly how much
   Neste MY SAF™ the Victor member has purchased.

 * Victor members will not charter using the Neste MY SAF™ they have purchased
   for their own flight, however their SAF contribution will ensure another
   in-sector partner flight benefits from a carbon emission reduction by the
   amount purchased, ensuring this partnership is aligned with Science Based
   Targets.

 * To avoid any confusion in case of changes – for instance; to the exact
   aircraft booked, the flight itinerary, or a cancellation – Neste will only
   deliver the SAF purchased by the Victor member to their partner airline after
   the Victor member's private flight has fully flown.

 * Neste will then send a Delivery Confirmation Document with confirmation of
   the carbon dioxide emission reduction, which can be used for science-based
   reporting by the Victor member.


NESTE MY SUSTAINABLE AVIATION FUEL™ AND SCIENCE BASED TARGETS

The partnership between Victor and Neste has been developed following the
Science-based target setting for the aviation sector guidance (v1.0 August 2021)
by SBTi and the solution is end-to-end audited.

 * With a clear chain-of-custody, Neste ensures specific SAF volumes to the
   Victor members

 * To provide real climate benefits and GHG reductions, SAF delivered is
   additional to any existing mandates, and exclusive of regulatory incentives
   to achieve maximum atmospheric benefits

 * It is ensured that SAF is not double-counted, More on the Science Based
   Targets


ABOUT NESTE

Neste has an annual production capacity of 100,000 tons of SAF but is currently
expanding its global SAF production capacity to 1.5 million tons of SAF annually
by the end of 2023. That’s roughly 1.875 billion litres of SAF.

Neste is rapidly expanding its capabilities to supply SAF globally as the
aviation industry requires an immediate global SAF solution to tackle the global
emission problem. Neste will be able to deliver Neste MY SAF™ to an expanding
number of locations and airlines across the world, displacing conventional
fossil fuel use directly in the aviation supply chain and realising your
emission reductions.

Download our pdf Booklet on the Victor x Neste Partnership

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