New Report Shows 83% Of Large Corporates Are Yet To Lift A Finger On Cutting Travel Emissions

New Report Shows 83% Of Large Corporates Are Yet To Lift A Finger On Cutting Travel Emissions - Carbon Herald

The majority of companies are still yet to set any targets regarding to reducing travel emissions, a new report is showing. Analysis published by Brussels-based non-profit Transport & Environment (T&E) is showing valuable insights on how far largest corporations are getting in zeroing their business travel emissions and how serious they are in building plans to do so. 

Most of the companies are so far failing to address transport emissions, with only 57 of the 328 evaluated (17%) having set targets on reducing business travel emissions. Additionally, the research shows that only 44 companies report the full climate impact of their travel. The numbers come despite the fact that the majority are claiming on record they will cut their transport carbon footprint in line with the Paris Agreement goal.  

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According to the report, it is worrying that the majority of large corporations are not acting yet on reducing their travel emissions despite bold net zero commitments on marketing campaigns and communications. 

Credit: 穿着拖鞋一路小跑 | Pixabay

The analysis includes ranking of 328 US, European and Indian companies by 11 indicators, relating to air travel emissions, reduction targets and reporting. Just 16 companies are qualified for an A grade, 40 a B, and the overwhelming majority received a C (230) rating. Only 42 companies saw a D grade. Evaluated are big names like Microsoft, KPMG, Google, Danone, Unilever and many others. 

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Google, Microsoft and Johnson & Johnson, GSK, Danone, Unilever, GE, Amazon and Walmart do not have a set target on travel emissions which is why they have received either a C or D grade. Google, Microsoft and Johnson & Johnson have refused to set such target for third year in a row. In the A category, among the 16 companies who are working towards reducing transport emissions are Pfizer, AstraZeneca and Oracle.

“We want to say to the companies that haven’t set targets: There aren’t any excuses… Some companies realised early on that the pandemic was providing an opportunity to do things in a new way, and really got a handle on their flying emissions,” commented Ms Denise Auclair, corporate travel campaign manager at T&E. 

The analysis also points out that one of the most efficient way of cutting travel emissions is flying less and shifting from planes to trains as sustainable aviation fuels are still scarce and therefore expensive and carbon offsets are still widely tied to lack of transparency, double counting issues, fraudulent practices, investments linked to deforestation or corruption, especially across projects originating in developing countries.

The report concludes with a call to action towards corporates to set targets of at least 50% reduction of travel emissions by 2025 or sooner. The goal has been established based upon rigorous analysis in the Transport & Environment’s Roadmap to climate neutral aviation. The roadmap shows that a 50% reduction in overall business travel is needed during this decade to keep aviation within a 1.5°C-compatible pathway.

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