Overview

American Express Global Business Travel (Amex GBT) has introduced a unified emissions-based carbon pricing tool for its clients, allowing businesses to effectively manage their carbon footprints during travel. This initiative empowers travelers to understand the carbon impact of their flights and aligns with broader sustainability efforts within corporate strategies.

How It Works

1. Choose a Carbon Methodology: Select a carbon calculation method.
2. Set a Carbon Pricing: Implement a pricing model whether flat or variable.
3. Fund Sustainability Initiatives: Use the resultant fees to support sustainable practices like investing in electric vehicles or sustainable aviation fuel.

Importance of Carbon Pricing

Carbon pricing serves as a strategic tool for companies aiming to foster sustainable practices. By tying carbon prices to specific travel decisions, organizations can heighten awareness and guide employees towards greener choices in business travel.

Quotes

“Emissions-based carbon pricing enables us to combine economics, sustainability, and technology to strengthen our business travel program and boost funding to invest in decarbonization initiatives such as SAF.”

• (Lucian Alexandru, Global Procurement Category Head, Sanofi)

“Our innovative software now helps customers place a price on carbon and push investments towards lower-carbon solutions, empowering informed decision-making and accountability in terms of their carbon footprints.”

• (John Sturino, SVP of Product and Engineering, Amex GBT)

“Carbon pricing through business travel can transition companies—and the aviation industry toward a sustainable future. This alone isn’t enough, and must complement efforts to reduce the cost of cleaner options.”

• (Nora Lovell Marchant, VP of Global Sustainability, Amex GBT)