Executive Overview
August 2024
On behalf of our global team, I am proud to present the Travel + Leisure Co. 2023 Environmental, Social, and Governance (ESG) report. Our mission to put the world on vacation is evergreen, and anchored by
our commitment to operate sustainably, ethically, and with respect for people and places worldwide.
As our company evolves and grows, most recently through our acquisitions of Sports Illustrated Resorts and Accor Vacation Club, our efforts to drive environmental sustainability and positive social impact
also advance.
In 2023, we took significant steps to further align our actions with the United Nations Sustainable Development Goals, and to support the priorities identified by our stakeholders.
Championing Environmental Progress
Our dedication to safeguarding the environment remains steadfast. Recognizing the crucial link between biodiversity and climate change, we surpassed our ambitious goal of planting 2 million trees in partnership with the Arbor Day Foundation – two years ahead of schedule.
We also achieved a 38.6% reduction in carbon emission intensity against baseline. These initiatives underscore our dedication to enabling responsible tourism that reduces environmental impact while generating social and economic value for our communities and favorite travel destinations.
Driving Positive Social Change
An inclusive and diverse culture enables our progressive growth and success. In 2023, the focus of our Global Inclusion & Diversity Council expanded to include advisory support of external strategies, including supplier diversity and talent acquisition, among others. New avenues for collaboration now exist between our council, Diversity Resource Groups, and global workforce.
We continue to optimize our influence to strengthen the global community. In 2023, we contributed $2.2 million to support education for underserved youth and to provide vacation experiences to deserving families.
Our associates also dedicated 29,000 volunteer hours through our Wish Day program, making a positive impact in the communities where we operate.
Maintaining Strong Governance
We remain intentional and focused on upholding the highest standards of ethics and integrity across our organization. All associates receive annual ethics training, and through improved access to our integrity helpline and other mechanisms, we steadily promote ethics, integrity, and compliance.
Looking Ahead
While we are proud of the progress we made in 2023, our journey is ongoing. We will continue to set ambitious goals, measure our progress, and improve our ESG performance. By working collaboratively with our stakeholders, we are striving to create a more sustainable, equitable, and prosperous future for all.
Thank you for your continued support and partnership.
Michael D. Brown
PRESIDENT & CHIEF EXECUTIVE OFFICER
