From a 2018 baseline, Swiss Re last year cut business air travel spending in half and slashed associated greenhouse gas emissions by more than 60 percent. A lot went into those reductions, including an internal carbon price coupled with carbon budgets. A $50 billion Zurich-based provider of reinsurance and insurance, Swiss Re committed to achieving…
By Rob Davis, Agnel Philip and Alex Mierjeski, ProPublica, and Matthew Kish, The Oregonian/OregonLive. This story was originally published by ProPublica. On dozens of occasions since 2020, a private Gulfstream jet belonging to Nike has touched down at Moffett Field, a federally owned airfield on the banks of San Francisco Bay. The Silicon Valley site’s…
Atlanta — The GBTA Foundation and GBTA Sustainability Committee in June published sustainable procurement standards for lodging. They followed a similar resource made available in March for air travel sourcing. Some of those involved in creating the lodging standards spoke here last month during panel discussions at GBTA’s annual convention. The critical message was to…
Eighty percent of U.S.-based executives and managers believe their companies could use their travel budgets more wisely to achieve strategic goals. On average, they said, 20 percent of company trips were “low-value” and one-third could be replaced by virtual meetings. Among 410 respondents to an April survey by tClara, 174 executives ranked achieving successful business…
Washington, D.C. — There’s a darker side of sustainability in the airline industry, and attendees to an ARC/ATPCo event here got glimpses from those on the inside. It’s not all about headline-grabbing greenwashing. Profit-minded motivations drive different interpretations of sustainability data and can hamper efforts to make offsets and SAF contributions more accessible to already-confused…
Consultant Scott Gillespie of tClara has spent a lot of time examining high- and low-value trips, and advocating for travel policies that account for that distinction. It’s not just about cutting down on wasteful spending; he also implores companies to consider business travel’s environmental impact. In his latest contribution, Gillespie does some math to depict…
Like any professional services firm, Bain & Company’s product is its people, and they move around a lot. Business travel is its most significant source of carbon emissions, by far. When the company embarked on a sustainability drive, it quickly realized that was the place to start. Coming out of the pandemic, Bain was “reevaluating…
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