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TUI Travel PLC recognised in top tier of FTSE 350 for carbon reporting

October 15, 2013 Responsible Tourism No Comments Email Email

TUI Travel PLC is pleased to announce its inclusion in the CDP FTSE 350 Climate Disclosure Leadership Index (CDLI) for the sixth year running. TUI Travel’s score of 92% places it amongst the top 10% of the FTSE 350 in its approach to carbon reporting.

TUI Travel is the only Travel & Leisure company to feature in the CDLI, the only company to feature for the 6th year running, and this year saw an improvement of 9 places from 2012 to rank (joint) 18th in the index.

Acting as a key component of the CDP’s annual FTSE 350 Climate Change Report, the Climate Disclosure Leadership Index recognises organisations which report their carbon emissions in a transparent manner: high scores in the index demonstrate a committed approach to information disclosure.

Last week, TUI Travel was also recognised by Carbon Clear for its approach to carbon reporting. Carbon Clear, a world-leading carbon management company, ranked TUI Travel joint 6th in the FTSE 100 in its annual survey. The only Travel & Leisure company to make it into Carbon Clear’s top 20 for the FTSE 100, it scored 75% in its detailed survey covering key areas of disclosure and performance, including measurement, reporting and verification; carbon strategy; reduction programmes; and engagement.

Highlighting its commitment to transparency, last year TUI Travel PLC launched a 3 year Sustainable Holidays Plan targeting four key goals, one of which is centred entirely on carbon emission reduction. More specific aims within the overarching goal range from operating Europe’s most fuel efficient airlines, to saving more than 20,000 tonnes of carbon from ground operations, and from trialling sustainable biofuels to recycling cabin waste on-board TUI Travel’s airlines.

TUI Travel’s latest Sustainable Holidays Report revealed that it had met its six-year target to reduce absolute and relative carbon emissions by 6% two years early (against a 2008 baseline). The relative reduction target has now been extended to 9% overall by 2015. Another goal of reducing CO2 emissions from TUI Travel’s major premises, retail shops and brochure production by 10% was also met early; and has now been extended to a 15% reduction target. In addition, during the 2012 Financial Year, TUI Travel saved £16M through environmental efficiencies across its operations[i].

Johan Lundgren, Deputy Chief Executive, said ‘We are delighted that our hard work towards carbon-reporting and reduction has been rated so highly. As a group we fully understand the challenges related to responsible tourism and we are committed to forging a sustainable future for our business and the industry. Over the last week we have seen our efforts recognised, and I would like to say a huge thank-you to everyone that has been involved’.

Paul Simpson, Chief Executive Officer of CDP, commented: ‘Companies that make the Climate Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use.  They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realising greater efficiencies, protecting the business from risk and capitalizing on opportunities.’

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