April 22, 2024

Amex GBT meets offset goal

American Express Global Business Travel has achieved its target of offsetting carbon emissions for all business trips taken by its staff in 2019.

It claims to be the first global travel management company to offset 100% of its own travel emissions and is now working to become carbon neutral across all its operations.

“The COVID-19 crisis has hit GBT and the travel industry hard,” said Si-Yeon Kim, Chief Risk & Compliance Officer and Executive Chair of the company’s Environment, Social and Governance (ESG) group.

“I believe it is ever more important for us to remain anchored to our values during such challenging times. The companies that weather this crisis and emerge stronger will be those that do the right thing by their people, customers, communities and society.

“We believe in business travel as a force for good that powers the global economy, and we share our clients’ desire to carve out the most sustainable path possible for the industry.”

The TMC has developed a range of consultancy services and tools to help travel managers track, measure and offset their business travel.

Next month, it will publish its Environmental, Social and Governance report for 2020.

GBT’s offsetting supports a tropical forest conservation project protecting 500,000 acres from deforestation, helping mitigate the release of more than 12.5 million tons of carbon dioxide equivalent emissions.