Climate Change Data

CWT

Climate Impact & Sustainability Data (2021-Q4 to 2022)

Reporting Period: 2021-Q4 to 2022

Environmental Metrics

Total Carbon Emissions:9375.93 tCO2e (2021 estimated)
Scope 1 Emissions:1,233.92 tonnes CO2e (2021)
Scope 2 Emissions:2,696.53 tonnes CO2e (2021)
Scope 3 Emissions:5,445.48 tonnes CO2e (2021)
Waste Generated:559 kg recycled (Paris HQ, 2021-2022)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Combating Human Trafficking
  • Community Involvement
  • ESG Governance
  • Corporate Governance

Environmental Achievements

  • Announced carbon offsetting partnership with Etihad.
  • Launched real-time carbon footprint indicators product.
  • Joined the Global Sustainable Tourism Council.

Social Achievements

  • Signed The Code of Conduct for the Protection of Children from Sexual Exploitation in Travel and Tourism.
  • Used the results of an internal survey to define our new model of work.
  • Launched four global Employee Resources Groups: Women of CWT, Race & Ethnicity, Veterans, and LGBTQ+ and Allies.
  • Executive Leadership Team achieved gender parity.
  • Developed our 3Cs community involvement strategy focusing on Climate Change, Caring for our Communities, and Human Connections.

Governance Achievements

  • Nominating & ESG Board Committee created.
  • Diversity goals added to management bonus objectives.
  • ESG replaced Responsible Business as our framework to sustainability.
  • New Global Head of ESG & Employee Experience appointed.

Climate Goals & Targets

Long-term Goals:
  • CWT to transition to Net Zero by 2050 (latest)
Medium-term Goals:
  • Build a strategy to set CWT on the path to achieve a 50% reduction in operations emissions by 2027
Short-term Goals:
  • Reduce our carbon footprint to reach Net Zero by 2050
  • Develop and submit CWT’s plan to the Science Based Targets initiative (SBTi)

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic.
  • The impact of the COVID-19 pandemic on the business travel and meetings sector.
Mitigation Strategies
  • Scaled back or paused some ESG efforts to focus resources on transitioning to a new ownership structure and capitalizing on the return of business travel.
  • Created a dedicated Board committee for ESG and embedded ESG deeply into the company strategy.
  • Functionally aligned ESG more closely with the employee experience and culture under a single leader.

Supply Chain Management

Responsible Procurement
  • Responsible Supplier Code

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option), UNGC, SBTi

Certifications: ISO 14001:2015 (UK Canary Wharf), ISO 20121:2013 (CWT Meetings & Events Italy), ISO 9001:2015 (CWT Italy)

UN Sustainable Development Goals

  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequalities
  • SDG 13: Climate Action
  • SDG 16: Peace, Justice and Strong Institutions
  • SDG 17: Partnerships for the Goals

CWT's initiatives contribute to these goals through various programs and partnerships focused on education, gender equality, decent work, reducing inequalities, climate action, combating human trafficking, and fostering partnerships.

Sustainable Products & Innovation

  • Real-time carbon footprint indicators
  • CO2 dashboard in CWT AnalytIQs
  • Responsible travel consulting services (ECO framework)

Awards & Recognition

  • EcoVadis Platinum rating (2021)
  • DIVEM Award for socially responsible companies (2022)