Analysis-Corporate business travel ‘carbon budgets’ loom for airlines

Published by
Reuters

By Jamie Freed and Rajesh Kumar Singh SYDNEY/BOSTON (Reuters) – As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say. Several companies, such as HSBC, Zurich Insurance, Bain & Company and S&P Global, have already announced plans to quickly cut business travel emissions by as much as 70%. Some are considering a “carbon budget” as they come under growing pressure from environmental advocates and investors to reduce indirect emissions that cont…

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