Tag: PACE

PACE Airports to Revolutionise International Standards for Airport Emissions Reporting

PACE, Fexco’s leading aviation sustainability data and analytics platform, has expanded its product offering with PACE Airports and is announcing Christchurch Airport as its first customer. PACE has established itself as the market leader for aviation financiers and is trusted by the world’s largest banks, like JP Morgan, and the second largest aircraft lessor in the world, SMBC AC, to inform them on their financed aviation emissions.

Christchurch Airport is a global leader in sustainable airport management and a pioneer in the Airport Carbon Accreditation (ACA) program. It is the first airport in the world to reach level 4 in 2020 and to achieve level 5 accreditation in 2023. It is among only 18 other airports worldwide to achieve this rating. The airport chose PACE Airports so they can track, analyse and action live data rather than on an annual basis. Leveraging multiple new data points allows the sustainability team to have more accurate data-led conversations with airline operators and external stakeholders.

Airports globally are challenged to understand and track their aviation-related emissions. One of the leading causes of this is a considerable lack of consistency within the industry in defining a standardised methodology that can be independently verified. Calculating carbon emissions is usually done on an annual basis at the end of the year, so the lack of real-time data inhibits airports from making actionable decisions to lower their carbon footprint. PACE Airports offers real-time aviation emissions calculations at the click of a button, allowing sustainability teams to focus on the actions rather than the calculations.

In addition, banks can use PACE Airports to evaluate emissions in airport financing deals. Both banks and airports can rely on a single source of truth for emissions metrics to measure performance in sustainability-linked finance deals.

PACE Airports tracks all commercial flight activity globally and calculates specific emissions based on over 10 billion data points, right down to the engine on the wing. It is highly configurable to allow airports to track specific runway taxi times and distances, enabling them to drill down into the minute details for highly accurate output data.

Claire Waghorn, Sustainability Transition Leader at Christchurch Airport, said: “Christchurch Airport has always leaned into sustainability and innovation. We first started tracking our emissions in 2006, and we have continually challenged what more we can do in decarbonisation through innovation and adaptability. Our strategy has always been data-driven, and PACE unlocks a new level of insight and intelligence that is really exciting for us as we continue our sustainability journey. At Christchurch Airport, our key focus on this sustainability journey has always been optimising our entire operations to reduce emissions; the insights from the PACE Airports platform now give us data to consider our aviation-related emissions across the entire airport operations.”

Bertie Murphy, CSO of Fexco Group, added: “Our vision at PACE is to be the independent aviation emissions source across the aviation value chain, trusted and relied upon by all stakeholders. Expanding into Airports is a natural next step in the evolution of our product. We are thrilled to welcome Christchurch Airport, a global leader in sustainability, as a customer. We are enthused to see the impact the data and insights from PACE are having at Christchurch Airport, supporting the team in delivering on their emissions reduction targets.”

PACE delivers up-to-date emissions data, covering over 99% of commercial flights, recording over 370,000 individual routes and over 10 billion flight data points, which are updated every 24 hours. PACE is trusted by the largest aviation financiers in the world, such as JP Morgan Chase. To find out more, visit the PACE website.

The Benefits of Cloud Computing for Business Efficiency

Have you ever noticed that everything seems to be shifting online? From banking to grocery shopping, even the most traditional businesses are moving to digital platforms. But there’s one change happening behind the scenes that’s even bigger—cloud computing. It’s the reason you can access work files from anywhere, why software updates happen automatically, and how businesses manage complex tasks without needing a room full of servers.

In the last decade, cloud computing has gone from being a tech buzzword to a necessity. Companies of all sizes now rely on it to keep their operations running smoothly. With the rise of remote work, global supply chain challenges, and an ever-growing demand for efficiency, businesses are under pressure to do more with less.

In this blog, we will share how cloud computing is transforming business efficiency and why it’s become an essential tool.

Less Hardware, More Flexibility

Once upon a time, businesses had rooms filled with servers and IT teams constantly battling system crashes. Every software update was an event, requiring hours of downtime and frustrated employees. Cloud computing has changed that. Instead of storing data and applications on physical hardware, everything lives in a secure online environment, accessible from anywhere.

This shift isn’t just about convenience—it’s a game-changer for flexibility. Need to scale up quickly? The cloud can handle it. Expanding to new locations? No need to worry about setting up new servers. Cloud-based systems allow businesses to grow without being slowed down by technical limitations.

A prime example is hotel housekeeping software like ResortCleaning, which streamlines housekeeping operations by automating scheduling, inspections, and payroll. Instead of juggling spreadsheets and endless calls, hotel managers can assign cleaning tasks with just a few clicks. The platform integrates with property management systems, ensuring real-time updates and reducing the risk of scheduling conflicts. Housekeepers get clear instructions, and managers can monitor progress without constant check-ins. This level of organization not only improves efficiency but also enhances the guest experience by ensuring rooms are always ready on time.

Cost Savings Without the Catch

There’s a common misconception that new technology always means higher costs. Cloud computing challenges that idea. Instead of investing in expensive on-site servers and IT infrastructure, businesses pay for only what they use. It’s like switching from buying DVDs to streaming movies—you no longer need bulky storage because everything is available on demand.

For small and mid-sized businesses, this is a huge advantage. They no longer have to spend thousands of dollars upfront on tech that might be outdated in a few years. Instead, they can invest in cloud services that automatically update and improve over time. No surprise maintenance fees, no hidden upgrade costs—just predictable pricing and better performance.

For example, Opus Interactive provides scalable cloud solutions tailored to the needs of small and mid-sized businesses, ensuring they stay competitive with cutting-edge technology without the burden of significant upfront costs.

The financial impact goes beyond just saving on equipment. With cloud solutions, companies can cut down on IT staff, reduce office space, and eliminate costly downtime caused by server failures. It’s no wonder businesses are making the switch faster than ever.

Security Concerns? The Cloud Might Be Safer Than Your Office

One of the biggest fears about cloud computing is security. People worry about hackers, data breaches, and the idea of sensitive information floating somewhere in cyberspace. But in reality, cloud providers invest far more in security than most businesses ever could.

Think about it—would you rather store your valuables in a locked desk drawer or in a high-security vault? That’s the difference between keeping sensitive business data on local servers versus using cloud storage. Major providers like Amazon Web Services, Microsoft Azure, and Google Cloud employ entire teams dedicated to preventing cyberattacks. They use encryption, multi-factor authentication, and real-time monitoring to detect and stop threats before they become a problem.

Meanwhile, businesses that still rely on outdated systems often struggle with weak passwords, missing updates, and employees accidentally clicking on phishing emails. The cloud offers built-in security features that make these mistakes less costly. While no system is 100% foolproof, cloud computing is often the safer bet.

Collaboration Without Chaos

Few things slow down a business more than poor communication. Emails get lost, files go missing, and employees spend half their time figuring out who’s responsible for what. The cloud makes collaboration easier by keeping everything in one place.

With cloud-based tools, teams can work on the same document in real time, track changes, and communicate without endless email threads. Remote workers can log in from anywhere, access the files they need, and stay productive without having to be in the same office.

Take Google Drive or Microsoft OneDrive, for example. These platforms allow employees to share and edit documents instantly, reducing the need for back-and-forth messages. Project management tools like Asana and Trello keep teams organized, ensuring that tasks don’t slip through the cracks. For businesses that rely on quick decision-making, these tools aren’t just useful—they’re essential.

Keeping Up With the Pace of Change

If there’s one thing businesses have learned in the last few years, it’s that adaptability is key. The pandemic forced companies to shift operations overnight, with many moving to remote work models they never thought possible. Those already using cloud computing had a head start, while others scrambled to catch up.

Even now, industries are changing at a rapid pace. AI is becoming a staple in business operations, customer expectations are higher than ever, and companies that fail to keep up risk falling behind. Cloud computing isn’t just about keeping things efficient—it’s about staying relevant in an ever-evolving marketplace.

The Cloud Isn’t the Future, It’s the Present

At this point, calling cloud computing “the future” is misleading—it’s already here, shaping the way businesses operate. Companies that embrace it are seeing faster growth, lower costs, and better security. Those that resist? They’re finding it harder to keep up.

The shift to cloud technology isn’t just about convenience. It’s about survival in a world where efficiency and adaptability are non-negotiable. Whether you’re running a hotel, managing a retail store, or overseeing a remote team, the cloud offers the tools to work smarter, not harder.

So, the question isn’t whether businesses should move to the cloud—it’s how long they can afford to wait.

Fexco’s PACE and Trovio form a strategic partnership to develop ‘SAF Connect’, a trading platform for the aviation sector.

PACE, Fexco’s sustainability data and analytics division and Trovio Operating Pty Ltd (Trovio) have announced they have entered into a strategic partnership to develop a new platform, ‘SAF Connect’. 

The partnership will explore opportunities for an inventory management system with Scope 1 & Scope 3 SAF certificate issuance where counterparties can transact, settle, and digitally execute offtake agreements. 

The platform will leverage Fexco’s heritage in sustainability, treasury management, FX and payments, and incorporate Trovio’s leading energy transition technology, CorTenX.

SAF Connect will offer complete transparency, and auditable transaction history, ensuring a scalable solution for all market participants handling SAF and related assets.

“This is a further milestone for us as we continue to build on our market growth. Trovio brings exceptional energy transition technology to this partnership,” said Cathal Foley, CEO of PACE. “Together, we will deliver a unique platform that enhances the efficiency and transparency of the SAF market, driving the aviation industry towards a more sustainable future.”

“Trovio is delighted to partner with Fexco,” said Jon Deane, CEO of Trovio. “Fexco’s PACE is a company that aligns with our vision and values. We believe SAF Connect will provide an innovative solution to support the rapid growth and development of sustainable aviation fuel. By leveraging both Fexco’s and Trovio’s collective expertise, we are building a platform designed specifically for the complexity of this market.”

To find out more, visit the PACE website.

PACE, Fexco’s carbon emissions calculator, expands services to Airport and Corporate Travel Sectors

PACE, Fexco’s sustainability data and analytics product suite, today launched PACE Data Services. This new product suite provides insights for the airport and corporate travel sectors to measure, manage and mitigate their emissions.

Built on PACE’s data platform, a global benchmark for the aviation industry, the service aligns with carbon reduction regulations by using live flight tracking data to monitor over 99% of commercial flights and analyse over 370,000 routes. PACE’s suite of data and analytics is already relied upon by most of the aviation finance sector and the largest financial institutions in the world, like JP Morgan and SMBC.

PACE Data Services will provide airports with a cohesive and precise view of their flight-related emissions. This data will be critical to enabling airports to better manage and mitigate their emissions. In fact, Heathrow’s most recent sustainability report for 2023 stated that 99% of its emissions came from Scope 3 emission reduction targets[1].

In the corporate travel sector, PACE’s data will enable more informed decision-making when it comes to both booking travel and providing more accurate reporting of corporate travel emissions. Recent research from Deloitte shows one in three companies is seeking guidance from travel management companies to reduce their carbon footprint.

In one use case alone, which would have a significant impact on decision-making for corporate travel management, PACE data reveals considerable variations in CO2 emissions per occupied seat—up to 50%—on the same popular transatlantic route across different aircraft. These differences are primarily due to factors such as aircraft seat configuration and aircraft type.

This new offering from PACE enables both these sectors to comply with evolving regulatory frameworks, such as the EU’s Corporate Sustainability Reporting Directive (CSRD). These regulations require the provision of accurate, independently verified, and robust reports on their plans and progress in reducing emissions.

Since its launch in 2022, PACE has become the only Irish company to meet stringent independent aviation measurement standards, including the recent Pegasus Guidelines

“This new service builds on PACE’s rapid growth, driven by demand to address carbon emissions across the aviation value chain,” said Cathal Foley, CEO of PACE. “This will enable airports and corporate travellers to better understand how we fly better while continuing to support ambitious growth strategies. PACE’s vision is to be the global leader in the spaces we operate and deploy our data to enable meaningful change.”

“We are an island and so the aviation sector is a vital part of Ireland’s economy, both as a contributor and an enabler of economic growth. But aviation, like all sectors, will have to transition to a new low-carbon future. It is very exciting to see an Irish company positioned to help transform this sector by utilising its exceptional data and analytics to inform better conversations across the aviation value chain. Measurement is critical to understanding the real impact of carbon reduction measures and claims,” said Minister Eamon Ryan, TD, Minister for the Environment, Climate, Communications and Transport. “Ireland has globally acknowledged aviation expertise, and it is fitting that a successful Irish multinational like Fexco is leading the way in meaningfully enabling the sector to make better decisions on its journey to net zero emissions.”

To find out more, visit the PACE website.