Climate Change Data

Avenue Two Travel

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:8,531.93 MT CO2e (Scope 3)
Scope 1 Emissions:0
Scope 2 Emissions:0
Scope 3 Emissions:8,531.93 MT CO2e
Renewable Energy Share:100% (for offices since 2021)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Offices have utilized entirely renewable energy since the start of 2021, bringing our Scope 1 and Scope 2 emissions to zero.

Social Achievements

  • Launched sustainability initiatives to company at The Collective
  • Developed and shared a sustainability-focused remote work guide
  • Created sustainability webpage
  • Initiated development of long-term emissions reduction strategy
  • Legally filed for Benefit Corporation status.

Governance Achievements

  • Re-established the company’s mission statement
  • Submitted B Corp Impact Assessment (achieved score of 87)
  • Developed a Sustainability Management Plan

Climate Goals & Targets

Short-term Goals:
  • Launch the Avenue Two Sustainable Advisor Education program (Q1 2023)
  • Develop and roll out the Preferred Partner Program (Q2 2023)
  • Deep dive into a diligent Emissions Reduction Strategy (Q2 2023)
  • Train the agency’s Sustainability Core Team (Q3 2023)
  • Continue to enhance employee benefits and wages (Q1-4 2023)

Environmental Challenges

  • Travel can never be entirely sustainable because the core of the industry requires mobility, which, with today’s infrastructure, is dependent on carbon.
  • Integrating a new methodology into all facets of the business requires patience, teamwork, and dedication.
  • Tourism is a carbon-intensive industry.
Mitigation Strategies
  • Reduce the harmful impacts of travel while amplifying the positive ones.
  • Continue to advance short- and long-term action items
  • Develop a way to measure the impact of a trip/event, set intensity-based targets, create incentive strategies for advisors to create lower emissions itineraries, develop the business/corporate travel targets and reductions.
  • Utilize quality carbon offsets and capture technology.

Supply Chain Management

Responsible Procurement
  • Preferred Partner Program (to be developed in 2023)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp