Executive PA Magazine Summer 2024 25 | Page 40

CORPORATE TRAVEL

BOARDING PASS All the latest news for the busy EA organising corporate travel

Qantas invests in nature-based carbon credit fund

Qantas has joined Rio Tinto and BHP as foundational investors in a new fund that will develop high-integrity , nature-based carbon projects in Australia . Managed by Silva Capital , the Silva Carbon Origination Fund aims to raise $ 250 million to originate and manage high-integrity Australian Carbon Credit Units .
The foundational investors have committed $ 80 million , with Qantas financing the investment through its AUD $ 400 million Climate Fund . This fund was established in 2023 to enable investment into the solutions the Qantas Group requires to decarbonise , including investing in Sustainable Aviation Fuel ( SAF ), in partnership with Airbus .
Silva Capital acquires agricultural land in Australia to develop carbon sequestration projects that actively promote sustainable agricultural and land management practices . Uniquely , these projects create biodiversity , economic and conservation benefits as the fund prioritises planting projects that reforest cleared land – while ensuring it can remain productive for farming too .
Andrew Parker , chief sustainability officer at Quantas , said the Silva Carbon Origination Fund would further the company ’ s commitment to evolving its carbon portfolio to align to nature-based solutions : “ For hard to abate sectors , such as aviation , high-integrity carbon
offsets will play an important role in achieving climate targets .”
He added : “ 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 .” S

Samsonite ’ s lightweight Proxis reaches new heights

Premium travel gear company Samsonite has reached new levels of innovation by sending its lightest-ever suitcase , Proxis , to the edge of space .
In collaboration with the pioneers at Sent Into Space , the groundbreaking launch from just outside Las Vegas showcased the fusion of travel technology and aerospace innovation with the suitcase returning to earth fully intact ! Proxis features Samsonite ’ s groundbreaking Roxkin™ outer shell , renowned for its remarkable combination of lightness and strength .
Samsonite ’ s senior director of brand marketing , Nicole Adriance said the “ successful mission ” exemplified the balance the company offers between lightweight design and rugged durability .
Meanwhile , Sent Into Space ’ s head of projects Dr Chris Rose said the Samsonite Proxis was a perfect passenger for the flight : “ Incredibly robust , even in the freezing vacuum of space where the temperature drops below -85 ° F . But light enough to meet our stringent weight requirements . I ’ d love to take one on every spaceflight .” S
40 Executive PA | Summer Issue 2025