Southwest Airlines buys carbon credits from lessor SMBC

Dublin-headquartered SMBC Aviation Capital is to sell Southwest Airlines over 400,000 carbon credits from its portfolio of projects. SMBC, ranked by some as the world’s second-largest aircraft leasing company, said its carbon credit portfolio “consists of energy-efficient cookstove credits that align with many of the United Nations’ Sustainable Development Goals (SDGs)”, meaning Southwest gets carbon credits “certified by either Gold Standard or Verra over a five-year time-frame from SMBC Aviation Capital’s funded projects in Africa and Central America”. “Southwest continues to make sustainability a priority and we are delighted to partner with them as the first customer of our newly-established