Cargojet Inc. is a Canadian air freight company that has been operating since 2002. The company is headquartered in Mississauga, Ontario, and has a fleet of 26 aircraft that serve 15 major cities across Canada, as well as international destinations in the United States, Europe, and Asia. Cargojet specializes in time-sensitive cargo shipments, including overnight and same-day delivery services.
As a company that operates in the air freight sector, Cargojet is acutely aware of the impact that its operations have on the environment. The aviation industry is one of the largest contributors to greenhouse gas emissions, and Cargojet is committed to reducing its carbon footprint through a range of decarbonisation initiatives.
One of the key ways in which Cargojet is working to reduce its carbon emissions is by investing in renewable energy. In 2020, the company announced that it had signed a 20-year corporate power purchase agreement (PPA) with a Canadian renewable energy company. Under the terms of the agreement, Cargojet will purchase 130,000 megawatt-hours of renewable energy annually, which is equivalent to the amount of electricity used by approximately 12,000 Canadian homes each year.
The corporate PPA is a significant step for Cargojet in its efforts to reduce its carbon emissions. By purchasing renewable energy, the company is able to offset a portion of the emissions generated by its aircraft. This is particularly important given that the aviation industry is one of the most difficult sectors to decarbonize, due to the lack of viable alternatives to traditional jet fuel.
In addition to its investment in renewable energy, Cargojet is also working to reduce its energy consumption through a range of corporate energy initiatives. The company has implemented a number of energy efficiency measures across its operations, including the installation of LED lighting and the use of energy-efficient heating and cooling systems. These measures not only help to reduce the company's carbon footprint, but also result in cost savings for the business.
Cargojet is also exploring the use of alternative fuels in its operations. The company has partnered with a Canadian biofuels company to develop a sustainable aviation fuel (SAF) that can be used in its aircraft. SAF is a low-carbon alternative to traditional jet fuel that is made from renewable sources such as agricultural waste and used cooking oil. By using SAF, Cargojet can significantly reduce its carbon emissions without compromising on the performance of its aircraft.
Overall, Cargojet's commitment to decarbonisation is a key part of its corporate strategy. The company recognizes that reducing its carbon footprint is not only important for the environment, but also for the long-term sustainability of its business. By investing in renewable energy, implementing energy efficiency measures, and exploring alternative fuels, Cargojet is taking a proactive approach to addressing the environmental challenges facing the aviation industry.
In conclusion, Cargojet Inc. is a Canadian air freight company that operates in the highly competitive air freight sector. The company is committed to reducing its carbon footprint through a range of decarbonisation initiatives, including the use of renewable energy, energy efficiency measures, and the exploration of alternative fuels. By taking a proactive approach to sustainability, Cargojet is positioning itself as a leader in the aviation industry and setting an example for other companies to follow.