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 addresses the potential impact of new corporate environmental standards on airports:
STATUS: This has been published as Web-Only Document 58: How Corporate Environmental Standards Will Impact Airports