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- SBTi Validation: American Express Global Business Travel (Amex GBT) achieves science-based emissions reduction target validation for scopes 1, 2, and 3.
- Net-Zero by 2050: Amex GBT commits to reducing absolute GHG emissions across its value chain, aiming for net-zero by 2050.
- Industry Leadership: Among the first in business travel to meet SBTi’s Corporate Net Zero Standard, reinforcing their commitment to sustainability.
American Express Global Business Travel (Amex GBT) has achieved a significant milestone in corporate climate action, with its emissions reduction targets validated by the Science Based Targets initiative (SBTi). This validation affirms that Amex GBT’s near and long-term targets align with the SBTi Corporate Net Zero Standard, positioning the company as a leader in the business travel industry for environmental responsibility.
Amex GBT’s commitment includes reaching net-zero greenhouse gas (GHG) emissions across its value chain by 2050. The company’s targets span across scopes 1, 2, and 3 emissions, covering everything from its own operations to the wider supply chain.
Near-term targets include:
- Reducing absolute scope 1 and 2 GHG emissions by 80% by 2030 from a 2019 baseline.
- Reducing scope 3 GHG emissions by 30% within the same timeframe, which covers upstream activities such as purchased goods, transportation, and employee commuting.
- Engaging 67% of airline suppliers by emissions to set their own science-based targets by 2028.
Long-term targets extend these commitments:
- Reducing scope 1 and 2 emissions by 90% by 2050.
- Achieving a 90% reduction in scope 3 emissions within the same period.
Related Article: DP World Earns SBTi Validation for Ambitious Carbon Reduction Targets
Paul Abbott, CEO of Amex GBT, emphasized the importance of addressing environmental challenges while continuing to leverage the economic and social benefits of travel. He stated, “Travel drives economic and social progress around the world. To keep enjoying these benefits, we must urgently address our environmental responsibilities. We will continue to lead the industry, working with our customers and partners to accelerate progress and meet our carbon reduction targets.”
Amex GBT’s environmental progress is detailed further in its 2023 ESG report, showcasing the company’s ongoing efforts to meet ambitious climate goals.