Sabre and Google team up for pilot program with goal of reducing environmental impact of business travel
Rhea-AI Summary
Sabre and Google have partnered to pilot the Travel Impact Model (TIM) for calculating past emissions from business travel. This marks the first application of TIM for historical emissions data. The project analyzed Sabre's 2023 business travel data to calculate flight-level corporate travel emissions and suggest reduction strategies.
Key findings include:
- Long-haul flights identified as a major area for improvement
- TIM found lower-emitting same-day alternatives for two-thirds of flights
- Potential emission reduction of up to 10% on common routes like Dallas-London and Dallas-Frankfurt
Sabre plans to incorporate these insights into their travel policy and explore integrating TIM emissions data into their agency and corporate booking tools. This collaboration aims to set a new standard for corporate travel emissions disclosure and help companies reduce their carbon footprint.
Positive
- Sabre is the first company to use Google's Travel Impact Model for value chain emissions disclosure
- The pilot program identified potential emission reductions of up to 10% on common routes
- Sabre's corporate online booking tool, GetThere, has already integrated TIM emissions data
- The collaboration aims to set a new standard for corporate travel emissions disclosure
Negative
- Business travel represented almost 7% of Sabre's carbon footprint in 2023
News Market Reaction
On the day this news was published, SABR gained 3.65%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Unlocking sustainability insights: Sabre first to apply Travel Impact Model for past emissions
The joint pilot program involved a team of Google analysts using Sabre's 2023 business travel data to calculate flight-level corporate travel emissions and recommend strategies for future reductions. The project's findings will empower Sabre to help set realistic reduction targets and optimize travel efficiency.
"Taking responsibility for our own emissions, striving towards the most accurate methodology and working on innovative ways to reduce emissions alongside traditional methods are areas of focus for us," said Jessica Matthias, Global Sustainability Director, Sabre. "We were delighted to work with our partners at Google to extend the TIM to cover past emissions and it is exciting to be the first company to use the TIM for value chain emissions disclosure. We hope that this can inform and provide insights that can help other companies reduce their emissions from business travel."
Google analysts looked at TIM per flight calculations and suggested CO2e reductions based on alternative flight options. The analysis revealed that focusing on the most polluting routes could yield the most significant impact. For instance, long-haul flights were identified as a key area for improvement. The TIM identified lower-emitting same-day alternatives for two-thirds of flights, including common routes like
"Companies increasingly need to understand and report the impact of their business travel and we are delighted to work with Sabre to pioneer the TIM as a standard for real world corporate travel emissions disclosure," added Sebnem Erzan, Global Head of Travel Sustainability Partnerships at Google. "Our long-term collaborative efforts and Sabre's granular dataset made them the obvious choice for this pilot program."
Business travel represented almost
While business travelers make up only
The Travel Impact Model is already used to display emissions estimates on platforms like Sabre, Google Flights, Booking.com, Expedia, Skyscanner, and others within the Travalyst coalition. Soon, it will be freely available to any company seeking a robust method for measuring and reporting on business travel emissions. The TIM offers a granular methodology, allowing companies to implement effective travel policies that encourage employees to choose less polluting flights without sacrificing travel needs.
Notes
*Source: Corporate travel: Collaboration essential for COVID-19 recovery: PwC
** https://www.transportenvironment.org/topics/planes/corporate-travel
About the Travel Impact Model
The Travel Impact Model (TIM) is a transparent and continuously improving model based on the latest science. It aims to provide a single source of reliable information for calculating and presenting the climate impact of individual flight trips. The TIM has been developed by Google, in collaboration with the Travalyst coalition. For further information visit www.travelimpactmodel.org
About Sabre
Sabre Corporation is a software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The Company connects travel suppliers and buyers around the globe and across the ecosystem through innovative products and next-generation technology solutions. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas,
SABR-F
Media Contacts:
Kristin Hays
Kristin.hays@sabre.com
Heidi Castle
heidi.castle@sabre.com
Investors
Brian Roberts
sabre.investorrelations@sabre.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/sabre-and-google-team-up-for-pilot-program-with-goal-of-reducing-environmental-impact-of-business-travel-302256225.html
SOURCE Sabre Corporation
FAQ
What is the purpose of the Sabre and Google pilot program using the Travel Impact Model?
How much potential emission reduction did the Travel Impact Model identify for Sabre's business travel?
What percentage of Sabre's carbon footprint was represented by business travel in 2023?
How does Sabre (SABR) plan to use the insights from the Travel Impact Model?
