Commercial, Energy Efficiency, GHG Emissions - September 13, 2024
American Express GBT Receives SBTi Approval
American Express Global Business Travel (Amex GBT), a software and services company for travel and expense, announced that its near and long-term science-based emissions reduction targets were validated by the Science Based Targets initiative (SBTi).
SBTi has approved Amex GBT’s near-term science-based emissions reduction target and has validated conformance with the SBTi Corporate Net Zero Standard. Amex GBT has committed to reaching net-zero GHG emissions across its value chain by 2050.
The official science-based target language includes:
- Reducing absolute Scope 1 and 2 GHG emission 80% by 2030 from a 2019 base year.
- Reducing absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel and employee commuting 30% within the same timeframe.
- Engaging 67% of its airline suppliers by emissions, covering use of sold products, to set science-based targets by 2028.
- Reducing absolute Scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year.
- Reducing absolute Scope 3 GHG emissions 90% within the same timeframe.
“Travel drives economic and social progress around the world,” said Paul Abbott, CEO of Amex GBT, in a statement. “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.”
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