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Amex GBT launches emissions-based carbon pricing solution

Amex GBT is launching an innovative emissions-based carbon pricing platform to help companies reduce their business travel’s environmental footprint, offering a new way to incentivize sustainable travel choices.

This solution allows businesses to select a carbon calculation methodology and apply a flat or dynamic carbon fee to employees’ air travel.

The platform makes these fees visible during the booking process and on invoices, helping organizations inform staff about their carbon impact and sustainability initiatives, while encouraging more eco-conscious travel decisions.

The revenue generated from these carbon fees can be used to build a self-sustaining fund for sustainability initiatives such as the purchase of electric vehicles (EVs), sustainable aviation fuel (SAF), research and development (R&D), and more.

About the platform

  1. Apply a fee: These fees can be a flat fee (e.g. $10 per flight), a categorical fee based on distance or class, or an emission-based fee that aligns with a company’s preferred carbon calculation methodology.

  2. Create a fund: The fund then scales in line with the environmental impact of a company’s business travel.

  3. Invest in sustainability: Funds can be directed toward initiatives like SAF, EVs, and R&D.

Several global companies, including Microsoft, pharmaceutical giant Sanofi, and consulting firm KPMG, are already leveraging carbon pricing to drive sustainability in their business travel programs.

“Emissions-based carbon pricing enables us to combine economics, sustainability, and technology to strengthen our business travel program and boost funding to invest in decarbonization initiatives such as SAF,” said Lucian Alexandru, global procurement category head, Sanofi. “With support from Amex GBT, we are closely aligning our business travel program with company-wide efforts to reduce emissions, while also helping accelerate and prepare for a low-carbon future.”

A cost-effective solution

While large corporations are leading the way, carbon pricing also offers small and medium-sized businesses a cost-effective solution to build a sustainability budget, helping them balance growth with environmental responsibility.

Nora Lovell Marchant, VP of Global Sustainability at Amex GBT, said that the carbon pricing of business travel could help shift companies toward “a more sustainable future.”

With Canada’s corporate sector facing increasing pressure to adopt sustainable practices, this solution enables businesses to meet regulatory expectations, demonstrate environmental leadership, and contribute to climate action goals.

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