Green Dilemma: How Cutting Emissions Cuts Into Corporate Travel

Summary

Corporate travel is still struggling to reach pre-2019 expenditure levels and today's landscape is markedly different, shaped by technological advancements aimed at optimization. Amidst this evolution, sustainability has become a cornerstone, with major companies integrating green practices into their travel policies, reflecting a broader shift towards environmental responsibility. However, this commitment has raised some questions about its genuineness, when considering the range and depth of corporate emission reduction targets, and their impact on the bottom line. In 2024 and beyond, the future of corporate travel will not only hinge on financial recovery but also on the successful integration of sustainable practices, reshaping its framework in an increasingly eco-conscious world.

Part of a content series that explores some of the most significant technology-driven trends that will influence travel distribution in 2024 and beyond, this article answers the following key questions regarding sustainability developments within the corporate travel sphere:

• How are corporate sustainability measures affecting travel volume and spend?
• What impact does the commitment to reducing Scope 3 emissions have on corporate travel policies and practices?
• What role will regulation play in shaping the future of sustainable corporate travel?
• Are corporations truly committed to their sustainability pledges, and what are the implications for the future of business travel?