Tui Travel has been placed joint first place amongst the FTSE 350 for its approach to carbon reporting and transparency.
The Thomson and First Choice parent is the only travel and leisure company to feature in the 2014 UK Climate Disclosure Leadership Index.
Company disclosures to the Carbon Disclosure Project are marked out of a total of 100, of which Tui Travel received full marks for the first time.
The group is featured for the seventh year running with a top score for the depth and quality of the climate change information it has disclosed to investors and the global marketplace – beating its previous high score of 92 last year.
It also received an A- for its climate performance banding, up from a B in 2013, recognising its strong performance in reducing absolute carbon emissions.
Earlier this month, Tui Travel climbed two places to fourth position in Carbon Clear’s annual ranking of the FTSE 100 companies. It was the only travel company to feature in the top 20 for a second year in a row.
The company’s latest Sustainable Holidays Report revealed it has saved £28 million in environmental efficiencies since 2012, while reducing its airlines’ absolute carbon emissions by 15% in five years and relative carbon emissions by 9.3% in the same period.
Deputy chief executive Johan Lundgren said: “We are thrilled to have been awarded full marks in the Climate Disclosure Leadership Index.
“We are committed to providing a lasting legacy of reducing our carbon emissions and as a business, we wholeheartedly recognise our responsibility and the importance of accurate and transparent carbon reporting to all our stakeholders.”
CDP chief executive Paul Simpson said: “Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them.
“The need for data on corporate climate change impacts and strategies to reduce them has never been greater. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.
“These companies are responding to the ever-growing demand for environmental accountability and should inspire others to follow suit.”