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Reuters exclusively reports corporate ‘carbon budgets’ loom for airlines

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Reuters reported exclusively that airlines are bracing for a major hit to business-class travel, a key revenue driver, as major companies look at drastic ways to cut carbon emissions from corporate travel. 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 contribute to climate change, industry executives and experts told Reuters. 

The post Reuters exclusively reports corporate ‘carbon budgets’ loom for airlines appeared first on Reuters News Agency.

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