Vinson & Elkins
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Sustainable Aviation Fuel (SAF)
Climate Goals & Targets
Environmental Challenges
- Repurposing of arable land for SAF production may limit environmental benefits.
- Uncertainty regarding the carbon intensity and sustainability of aviation fuels.
- Changing regulatory landscape.
- Reputational risks for projects across the SAF value chain.
- Technological risks due to ongoing development of SAF production methods.
Mitigation Strategies
- Repurposing degraded land and reintroducing native plants.
- Robust protections and best practice sharing provisions in technology licenses and operation and maintenance agreements.
- Investigating land repurposing issues and considering protections and contingency options.
- Offtake agreements that do not commit producers to supply if feedstock is delayed due to project-on-project risks.
Supply Chain Management
Responsible Procurement
- Security of feedstock supply (quantity and quality)
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes
Opportunities
- SAF production and utilization
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
SAF production contributes to reducing greenhouse gas emissions from aviation and promoting renewable energy sources.
Sustainable Products & Innovation
- SAF