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Amex GBT Launches Emissions-Based Carbon Pricing to Fund Sustainable Travel Initiatives

Amex GBT Launches Emissions-Based Carbon Pricing to Fund Sustainable Travel Initiatives

Amex GBT Launches Emissions-Based Carbon Pricing to Fund Sustainable Travel Initiatives
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  • Empowering Sustainability: Amex GBT’s emissions-based carbon pricing integrates directly into business travel, aligning sustainability efforts with actionable steps.
  • Dynamic Carbon Tracking: Companies can now track and apply specific carbon fees per flight, creating funds for decarbonization initiatives like SAF and EVs.
  • Innovative Investment: This solution bridges economics and sustainability, enabling informed decision-making and driving low-carbon industry shifts.

American Express Global Business Travel (Amex GBT) has introduced an integrated emissions-based carbon pricing solution. This innovative system allows businesses to calculate and apply carbon fees for air travel, enabling transparency for employees and driving corporate sustainability efforts.

How It Works:

  1. Select a carbon calculation methodology.
  2. Apply a price to carbon using flat or dynamic fees tied to emissions.
  3. Use generated funds for sustainability projects such as sustainable aviation fuel (SAF), electric vehicles (EVs), and R&D.

Lucian Alexandru, Global Procurement Category Head at Sanofi, emphasized the strategic benefits: “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.”

Why It Matters:

Amex GBT’s system simplifies carbon tracking, aligning fees with specific flight emissions and fostering accountability. By empowering companies to direct these funds toward decarbonization, the solution supports both immediate and long-term sustainability goals.

John Sturino, SVP of Product and Engineering at Amex GBT, stated: “Carbon pricing is a proven mechanism that can help companies make progress towards their sustainability objectives. Our innovative software empowers customers to place a price on carbon and direct investment toward lower-carbon solutions.”

John Sturino, SVP of Product and Engineering at Amex GBT

Industry Impact:

Nora Lovell Marchant, VP of Global Sustainability at Amex GBT, highlighted the broader implications: “Carbon pricing by way of business travel can help shift companies – and the aviation industry at large – towards a more sustainable future. Carbon pricing is imperative, but alone insufficient. We need to combine carbon pricing with decarbonization.”

Nora Lovell Marchant, VP of Global Sustainability at Amex GBT

This emissions-based pricing model is a step forward in aligning corporate travel programs with global sustainability goals, creating a tangible pathway toward a low-carbon future.

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