A bid to help clients achieve their carbon reduction targets has been outlined by American Express Global Business Travel (GBT).
Green Compass – a new service developed by the TMC’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 decarbonising travel programmes.
The actions will depend on a company’s travel patterns and business needs.
This may include shifting to sustainable hotels, flying on lower emission aircraft, substituting rail for air, procuring sustainable aviation fuel (SAF), or carbon offsetting.
Global Business Consulting consultants then work with travel managers to develop a strategy to achieve the targeted emissions reductions.
GBT Global Business Consulting vice president Julie Avenel said: “The world needs to travel and trade again and we want to help businesses do so in the smartest and greenest way possible.
“Green Compass gives travel managers and sustainability stakeholders the data insight and expertise they need to guide their organisation’s decarbonisation journey, highlighting steps they can take to drive down emissions while continuing to travel to meetings.
“Most CO2 products only indicate emissions produced by travel. In contrast, Green Compass enables companies to set targets, track progress and take action.”
GBT has formally committed to setting science-based targets as an interim step on its move towards net-zero emissions globally by 2050.
The TMC has been neutral for its own travel since 2019, and claims to be one of the first global travel management companies to offset 100% of its own travel emissions.
It is to follow Science Based Targets initiative (SBTi) methodology to establish emissions reduction goals for its global operations and supply chain over the next two years.
The company will incorporate SAF into its strategy for reducing its business travel emissionsto help achieve science-based and net-zero targets.
GBT is working to scale SAF throughout the aviation value chain through a collaboration with Shell Aviation, combining the buying power of airlines and GBT’s business travel customers.
Chief risk and compliance officer Si-Yeon Kim said: “At the same time as we’re enabling clients and travellers, GBT is accelerating our own decarbonisation journey.
“Formally committing to the SBTi is an important milestone, underlining our determination to achieve net-zero emissions by 2050 or earlier.”