American Express Global Business Travel (GBT) has launched a number of new initiatives to help clients achieve their carbon reduction targets and propel GBT on its own journey to net-zero by 2050.
Green Compass – a new service developed by GBT’s consulting arm, Global Business Consulting – puts corporates on the pathway to reduced business travel emissions while still enabling travel. Green Compass features an intuitive dashboard that provides travel managers with granular insight into the factors that drive emissions from business travel and helps identify the best actions for decarbonizing their travel program.
The actions will depend on a company’s travel patterns and business needs and can include shifting to sustainable hotels, flying on lower emission aircraft, substituting rail for air, procuring sustainable aviation fuel (SAF), or carbon offsetting. GBC consultants then work with the travel manager to develop a strategy to achieve the targeted emissions reductions.
Green Compass is part of GBT’s marketplace for green travel where clients and suppliers can find solutions that help accelerate their transition to a low-carbon future. The methodology, data integrity and calculations behind Green Compass’s Emissions Optimization Algorithm (EOA) are verified by Carbon Footprint.
As well, GBT has formally committed to setting science-based targets as an interim step on its journey to net-zero emissions globally by 2050. GBT will follow the Science Based Targets initiative (SBTi) methodology to establish emissions reduction goals for its global operations and supply chain over the next two years.
For science-based and net-zero targets, GBT is working to limit global warming to avoid the most catastrophic threats of climate change as set out by the Paris Agreement. GBT joins SBTi together with more than 2,000 companies representing more than 20% of global market capitalization (in excess of USD 20 trillion).
GBT has been neutral for its own travel since 2019, one of the first global travel management companies to offset 100% of its own travel emissions. To help achieve its science-based and net-zero targets, GBT will incorporate sustainable aviation fuel (SAF) into its strategy for reducing its own corporate travel emissions. GBT is already working to scale SAF throughout the aviation value chain through its collaboration with Shell Aviation, combining the buying power of airlines and GBT’s corporate business travel customers.
Go to www.amexglobalbusinesstravel.com for more.