![]() Costs come from many areas, and cost pressures hit companies both internally and externally. Cost Controlįew companies have the luxury to not focus on cost control. This may prove to be the most significant threat to a full return of airline business travel. Flight shaming was happening, especially in Europe, before the pandemic stated. But they are visible and easy to identify, so our natural tendency called the availability bias says that cutting air travel is likely because everyone can see it and understand it. Airplanes are a small minority of current global emissions. It’s not that air travel is causing climate change by itself. ![]() Bain has been leader in this space, announcing a 35% reduction in scope 3 emissions from air travel as a formal ESG strategy. By traveling less often, companies can demonstrably reduce their carbon emissions without changing anything else about their business. More of this focus right now is on the “E,” and the easiest E for many companies is air travel. Investors are increasingly pressing businesses to regularly report on non-financial ESG metrics and include these in compensation plans.
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