85% of global companies are failing to set ambitious targets to reduce corporate travel emissions, reveals the second edition business travel
Only 50 companies out of 322 have set targets to reduce business travel emissions. Of the companies who have targets, only four companies receive the “gold standard,” i.e. report air travel emissions and commit to reducing them by 50% or more, by 2025 or sooner. These are Novo Nordisk , Swiss Re , Fidelity International , and ABN Amro .
that they account for two-thirds of total climate warming from flying. Yet only very few companies reflect the total impact of business flights by accounting for non-CO2 effects., said: “Corporates are turning a blind eye to the harms done by flying for work. Most companies are taking little to no action on business flying, which renders any other travel targets meaningless in the context of tackling climate change.
For the critical decade until 2030, the best way to reduce aviation emissions is to fly less, as the timing for scale-up of sustainable fuels and zero-emissions aircraft is currently post-2030, and offsetting cannot substitute for reducing emissions.
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