SEATTLE, May 6, 2024
/PRNewswire/ -- Expedia Group today released its 2023 Global
Impact Report highlighting actions taken and progress made in
pursuit of the company's environmental, social and governance
targets and commitments. Formally launched in 2022, Expedia Group's
Open World™ social impact and sustainability framework has since
come to life through programs and partnerships focused on driving
impact, with the mission of powering more responsible and
sustainable travel for everyone, everywhere.
"Expedia Group continues to focus on making a positive impact
across the travel industry, concentrating on the connection between
our employees, partners, travelers and communities," said
Peter Kern, vice chairman and CEO,
Expedia Group. "We have expanded our environmental and community
initiatives through the launch of programs like the Made to
Travel™ Fund, which awards grants to nonprofits that share our goal
of removing barriers to travel. Holding ourselves accountable, this
report highlights our actions, progress, ongoing commitment, and
vision for the future of travel."
Key highlights from 2023 include:
Environment
Expedia Group published its inaugural
Climate Action Plan and shared a commitment to reach Net Zero
greenhouse gas (GHG) emissions by 2040, aiming to reduce Scope 1,
Scope 2 and upstream Scope 3 GHG emissions by at least 90% by
2040.
Interim targets:
- Reduce Scope 1 and Scope 2 GHG emissions 75% by 2030.
- Continue to source 100% renewable electricity annually through
2030.
- Engage our value chain to ensure 75% of our suppliers by
emissions set science-based targets by 2028.
Next steps include developing a Net Zero roadmap which outlines
the path to achieving these commitments. Additionally, in an effort
to help travelers understand and book more eco-friendly properties,
Expedia Group has added industry-aligned attributes to its travel
sites that help supply partners demonstrate their sustainability
credentials. This allows travelers the ability to filter for hotels
that have received third-party eco-certifications.
Social Impact
Expedia Group launched two initiatives
focused on making travel more open, inclusive and accessible — the
Open World Accelerator supporting small and midsized
businesses that power travel, and the Made to Travel™ Fund, which
provides funding to nonprofits around the world.
Additionally, the company and its employees continued its effort
to help better its communities and their wellbeing and resiliency
as:
- $8.7 million in funding was
provided to partners, and 60 nonprofits received grants to support
their work
- Expedians collectively volunteered more than 34,000 hours and
supported more than 2,000 non-profit causes
- More than $1.5 million in grants
awarded through the Made to Travel™ Fund in 2022 and 2023 to open
access for underserved or underrepresented travelers to
life-changing travel experiences
Inclusion and Diversity
Expedia Group made significant
progress toward its global gender representation goal and exceeded
its hiring ambitions in the U.S. for candidates from
underrepresented identities (URI*).
The year marked the company's highest increases in hiring
including:
- 4% increase for women year-over-year
- 8% increase for URI candidates year-over-year
- 48% of employees globally are women, with women representation
at the leadership level reaching 40%
- 31% of U.S. hires were from underrepresented identities
Expedia Group also took an important step toward closing the
gender pay gap by conducting its first all-company pay assessment
across roles, demographics and locations. The company developed
action plans focused on correcting disparities by making salary
adjustments for all genders globally. After adjusting, women at
Expedia Group earn USD $1 for every
USD $1 earned by men, on a global
basis for comparable jobs.
(*URI refers to Black, Latino/a/x, Indigenous and Multiracial
identities)
The 2023 Global Impact report was prepared with reference to the
Global Reporting Initiative (GRI) and Sustainability Accounting
Standards Board (SASB) standards, and the Task Force on
Climate-Related Financial Disclosures (TCFD). For more information
on Expedia Group's Open World™ social impact & sustainability
framework, visit www.expediagroup.com.
About Expedia Group
Expedia Group, Inc. brands power
travel for everyone, everywhere through our global platform. Driven
by the core belief that travel is a force for good, we help people
experience the world in new ways and build lasting connections. We
provide industry-leading technology solutions to fuel partner
growth and success, while facilitating memorable experiences for
travelers. Our organization is made up of three pillars: Expedia
Brands, housing all our consumer brands; Expedia Product &
Technology, focused on the group's product and technical strategy
and offerings; and Expedia for Business, consisting of
business-to-business solutions and relationships throughout the
travel ecosystem.
Expedia Group's three flagship consumer brands include:
Expedia®, Hotels.com®, and Vrbo®. One Key™ is our comprehensive
loyalty program that unifies Expedia, Hotels.com and Vrbo into one
simple, flexible travel rewards experience. To enroll in
One Key, download Expedia,
Hotels.com and Vrbo mobile apps for free on iOS and Android
devices. One Key is currently
available in the U.S. and will become available globally soon.
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SOURCE Expedia Group