As American Express Global Business Travel becomes a publicly listed company, it is defining its purpose and leadership on environmental, social and governance issues to assure investors that its business can deliver sustainable financial performance and social value.
In the company's Environment, Social and Governance (ESG) Report 2021, Amex GBT outlined its commitment to operating its business in "the most sustainable manner possible with respect to the environment and our local and global communities."
Its environmental strategy, in particular, involves reducing its carbon footprint as well as developing greener solutions that benefits Amex GBT's clients and the industry at large.
Amex GBT's three targets on environmental sustainability include: establishing Amex GBT as the marketplace for green business travel; executing against its 2021 commitment to set science-based targets by the end of 2023; and driving aviation toward net-zero carbon by 2050.
To help achieve its science-based and net-zero targets, Amex GBT said it will incorporate sustainable aviation fuel (SAF) to reduce its own corporate travel emissions and hopes to scale SAF throughout the aviation value chain via its alliance with Shell Aviation.
The strategy for its green marketplace for business travel involves helping clients measure and mitigate carbon emissions with carbon calculations and data analytics through Amex GBT's products.
Its marketplace also enables clients to shift demand toward greener options and travelers to make greener choices at the point of sale, as well as preferences sustainable travel suppliers.
Additionally, Amex GBT helps its clients and suppliers achieve their carbon neutrality objectives by offering carbon credits from trusted carbon offset partners.
The ESG Report 2021 follows similar climate action plans from travel brands including Booking Holdings, which aims to achieve near-zero emissions from its operations by 2030 and net-zero emissions by 2040, as well as Expedia Group, which hopes to provide "the best tools and information for customers to make the most educated decisions for their travel."