Impact of New Corporate Environmental Standards Impact Airports

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.

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5412

Language

• English

Project

• Status: Completed
• Funding: $25000
• Contract Numbers:

  Project 11-09, Topic 01

• Sponsor Organizations:

  Airport Cooperative Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC    20001

  Federal Aviation Administration

  800 Independence Avenue, SW
  Washington, DC  United States  20591
• Project Managers:

  Greenberger, Marci

• Performing Organizations:

  HMMH

  Burlington, MA  United States 
• Principal Investigators:

  Kaplan, Sara

• Start Date: 20230201
• Expected Completion Date: 20230731
• Actual Completion Date: 20230731

Subject/Index Terms

• TRT Terms: Airport operations; Business trips; Corporations; Environmental protection; Impacts; Investments; Legal factors; Regulations; Standards
• Subject Areas: Administration and Management; Aviation; Environment; Finance; Law; Policy; Terminals and Facilities;

Filing Info

• Accession Number: 01854720
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 11-09, Topic 01
• Files: TRB, RIP
• Created Date: Aug 16 2022 2:47PM