The National Academies

ACRP 11-09/Topic 01 [Active]

Impact of New Corporate Environmental Standards Impact Airports

  Project Data
Funds: 25,000
Staff Responsibility: Marci A. Greenberger
Research Agency: HMMH
Principal Investigator: Sara Kaplan
Effective Date: 2/1/2023
Completion Date: 7/31/2023

Rapid changes in corporate environmental standards will have a profound impact on airport operations and revenues, and airports need to be aware of these potential impacts and prepare accordingly.  In recent months, many Fortune 500 companies have updated their policies on employee business travel. These policies include carbon budgets that define maximum travel allowances not only in terms of dollars, but also in terms of CO2 output and carbon penalties, which impose a “business travel fee” on each ton of CO2 emitted over the course of a work trip. Airlines also have introduced new environmental standards into their investment screening process. For example, a global e-commerce firm recently announced that it will only invest at airports whose power supply is delivered, at least in part, through renewable energy. Such private-sector policy changes represent an opportunity and a threat for airports.  Airports need to be aware of these new investment guidelines and adapt their business development strategy accordingly.

The white paper will address the potential impact of new corporate environmental standards on airports:

·         What is the issue?

·         What should the industry be thinking about next?

·         What is the regulatory or legal status?

·         How or why does it affect airports?

The white paper will conclude with further research needs.

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