## flynas Partners with Regional Voluntary Carbon Market to Drive Sustainability and Achieve Net-Zero Goals
In a significant move towards environmental sustainability, flynas, a global leader in low-cost air travel and the top LCC in the Middle East, has forged a partnership with the Regional Voluntary Carbon Market Company (VCM). This strategic alliance aims to accelerate flynas’ sustainability efforts and align with Saudi Arabia’s ambitious vision of achieving net-zero emissions by 2060.
The partnership, formalized through an agreement signed by Riham ElGizy, CEO of VCM, and Waleed Ahmed, Director of Corporate Communications at flynas, outlines a framework for collaboration in the voluntary carbon market. This includes flynas actively participating in VCM’s carbon credit trading platform, which is poised for launch in November 2024.
Waleed Ahmed emphasized that this agreement underscores flynas’ commitment to its sustainability strategy, which prioritizes initiatives that benefit the environment, society, and the economy. He highlighted the airline’s plans to launch a voluntary carbon offset program for passengers on both domestic and international flights. This initiative will be significantly enhanced by the partnership with VCM, aligning perfectly with flynas’ commitment to national objectives for reducing carbon emissions and fulfilling Saudi Arabia’s climate agreements.
Michael Blackwell, Chief Operating Officer of the Regional Voluntary Carbon Market, expressed the company’s dedication to driving climate action and improving livelihoods by ensuring the integrity of voluntary carbon markets. He emphasized that this agreement is a crucial step in achieving the Kingdom’s climate goals, providing a robust framework for carbon offsetting that protects the environment while balancing economic development and preserving the planet. The partnership reaffirms VCM’s unwavering commitment to achieving net-zero by 2060.
VCM’s core mission is to establish a global voluntary carbon market based in Saudi Arabia. The company encourages the use of high-quality carbon credits to drive positive climate action and offers a platform for carbon credit trading and advisory services to help businesses develop effective carbon reduction strategies.
flynas has also demonstrated its commitment to global sustainability by joining the United Nations Global Compact, embedding the UN’s Sustainable Development Goals (SDGs) into its strategy and operations. As the first Middle Eastern LCC to join this initiative, flynas further strengthens its commitment to global sustainability. The airline has also aligned with the United Nations World Tourism Organization to advance sustainable tourism.
In addition to its partnership with VCM, flynas has partnered with the Saudi Investment Recycling Company (SIRC) to explore recycling solutions for managing waste, including oils, plastics, and batteries. This demonstrates flynas’ comprehensive approach to environmental sustainability, extending beyond carbon offsetting to include waste management and resource conservation.
This partnership between flynas and the Regional Voluntary Carbon Market signals a significant step forward in Saudi Arabia’s journey toward achieving net-zero emissions. It showcases the airline’s commitment to environmental responsibility and its proactive role in driving positive climate action. This collaboration sets an example for other companies in the region and beyond, highlighting the importance of aligning business practices with sustainable development goals.