Thomas Cook India, SOTC launch Green Carpet to help companies manage carbon emissions of biz travel

• Green Carpet helps organizations capture, monitor, analyze and reduce carbon emissions from business travel.
  
• Air travel is a significant source of global emissions and is predicted to account for 12-27% of global emissions by 2050.
  
• SEBI mandated the top 1,000 listed companies by market capitalization, to make filings as per the BRSR, an ESG regulatory disclosure framework, from FY23.
  

Thomas Cook (India), a travel services company and its group company SOTC Travel partnered with LTIMindtree, to launch ‘Green Carpet’ – a global platform to monitor and manage business travel emissions.

A SaaS-based platform, ‘Green Carpet’ is designed to address specific concerns faced by organizations, helping them capture, monitor, analyze and reduce their carbon emissions from business travel. It also helps them significantly reduce their Environmental, Social & Governance (ESG) reporting costs. Green Carpet enables simplified data capture and analysis of travel emissions with real-time dashboards and adherence to Business Responsibility and Sustainability Reporting (BRSR) and enables adherence to global audit requirements. It has a swift and easy integration with current business travel platforms of corporates, advanced AI & ML to provide analytics and recommendations, and decision making to drive enterprise net zero goals.

Says Madhavan Menon, CMD of Thomas Cook (India), “Under its G20 Presidency, India has set ambitious ESG goals, and India Inc. has been called on to implement SEBI’s BRSR mandate starting FY23. At Thomas Cook & SOTC, our leadership in the travel sector formed the basis of our partnership with LTIMindtree — a leading technology solutions provider. Green Carpet leverages the global expertise of Fairfax Digital Services to collectively empower enterprises with the ability to seamlessly monitor and manage business travel emissions and drive their net zero goals.”

Global warming and its resultant impact on the environment and mankind forced countries globally to take concrete measures to curb the damage. India is at the forefront of this movement.

Union Finance Minister Nirmala Sitharaman stressed on 'Green Growth' and clean energy transition in her budget speech delivered in the Parliament on February 1, 2023. Also, SEBI has mandated the top 1,000 listed companies in India by market capitalization to make filings as per the BRSR from FY23.

According to the World Resources Institute, air travel is a significant source of global emissions and is predicted to account for 12-27% of global emissions by 2050. Air travel emissions are increasing 70% faster than initially expected by the Intergovernmental Panel on Climate Change (IPCC). It is estimated that business travel represents about 15-20% of global travel. Organizations are hence looking to reduce their business travel carbon footprint.

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