Travel + Leisure Co. Renews Commitment to Responsible Tourism with Release of New ESG Report
August 01 2022 - 5:00PM
Business Wire
Travel + Leisure Co. (NYSE:TNL), the world’s leading membership
and leisure travel company, recently published its 2021-2022
Environmental, Social, and Governance (ESG) Report. The report
details progress made on key corporate social responsibility
priorities and commitments during the past year, highlighting the
company’s strategy to make a positive impact on the world through
responsible tourism.
As a leader in the global leisure travel industry, Travel +
Leisure Co. has further refined its approach to proactively
advancing environmental, social, and governance standards across
its business. In its 2021-2022 ESG Report, the company shares its
progress against environmental and social goals and governance,
activated through the Travel + Leisure Co. Full Circle ESG Program.
Some key areas of focus include:
- Through its WYND Green Certification program, the company’s
vacation ownership business continues to enact efficiency projects
and explore reusable energy consumption at its resorts. In 2021, an
agreement was entered into for an offsite community solar program
in Portland, Ore., and two resorts were readied for solar array
installations.
- Progress against the company’s 2025 greenhouse gas emissions
(Scope 1 and Scope 2) reduction target drives a continued
commitment to support an urgent transition to a low-carbon
economy.
- The company is actively strengthening inclusion and diversity
among its associates, customers, and suppliers. An increasing
number of diverse executives have strengthened the company’s
leadership team, with robust internal development programs and
ongoing recruitment efforts driving expanded representation.
Launched in May 2021, the Traveler’s Pledge is the company’s Code
of Conduct for its owners, members, and guests that enables resort
teams to provide great vacation experiences in a safe, inclusive,
and welcoming environment.
- Last summer, the company launched the Travel + Leisure
Charitable Foundation and initiated the Travel + Leisure Eatonville
Scholarship Program in partnership with the School Board of Orange
County, Fla. Through corporate, in-kind, and associate workplace
giving, more than $1.1 million was donated to communities in
2021.
“As we pass the two-year mark of the global COVID-19 pandemic,
I’m pleased to see the resurgence of travel and vacations as
priorities. With the increase in tourism comes a need to act
responsibly,” said Michael D. Brown, president and CEO of Travel +
Leisure Co. “We are proud of our ability to positively impact the
travel industry through responsible tourism as we deliver on our
environmental, social and governance strategy.”
The company benchmarked the most relevant ESG topics for its
business using a four-phased approach to identify common themes
across internal resources, industry and peers, global reporting
frameworks including GRI, SASB, and TCFD, and several ESG rating
and ranking agencies. The ESG team also aligned the company’s
priorities with industry-leading associations such as the
International Tourism Partnership and the World Travel and Tourism
Council.
To view the 2021-2022 Travel + Leisure Co. ESG Report and learn
more about the Full Circle ESG Program, please click here.
About Travel + Leisure
Co.
Travel + Leisure Co. (NYSE:TNL) is the world’s leading
membership and leisure travel company, with nearly 20 travel brands
across its resort, travel club, and lifestyle portfolio. The
company provides outstanding vacation experiences and travel
inspiration to millions of owners, members, and subscribers every
year through its products and services: Wyndham Destinations, the
largest vacation ownership company with more than 245 vacation club
resort locations across the globe; Panorama, the world’s foremost
membership travel business that includes the largest vacation
exchange company and subscription travel brands; and Travel +
Leisure Group, featuring top travel content and travel services
including the brand’s eponymous travel club. At Travel + Leisure
Co., our global team of associates brings hospitality to millions
each year, turning vacation inspiration into exceptional travel
experiences. We put the world on vacation. Learn more at
travelandleisureco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220801005759/en/
Investor Contact: Christopher Agnew Senior Vice
President, FP&A and Investor Relations (407) 626-4050
Christopher.Agnew@travelandleisure.com
Media Contact: Melissa Landy Public Relations (407)
341-5492 Melissa.Landy@travelandleisure.com
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