Travel + Leisure Co. Recognized by USA Today as one of America’s Climate Leaders 2024

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Travel + Leisure Co. (NYSE:TNL) has been recognized by USA Today as one of America’s Climate Leaders 2024. This acknowledgment highlights the company's ongoing efforts to reduce its environmental impact, including a $9.8 million investment in 119 energy-efficiency projects and significant progress toward its sustainability goals. The company aims to achieve a 40% reduction in greenhouse gas emissions intensity and a 35% reduction in water withdrawal per square foot by 2025. As of December 2022, Travel + Leisure Co. has already achieved 88.8% of its GHG emissions reduction target, cutting emissions intensity by 35.5% compared to the 2010 baseline. Additionally, the company has expanded its renewable energy portfolio with new solar arrays.

Positive

• Travel + Leisure Co. was recognized by USA Today as one of America’s Climate Leaders 2024.
• Invested $9.8 million in 119 energy-efficiency projects.
• Achieved 88.8% of its greenhouse gas emissions reduction target as of December 2022.
• Reduced emissions intensity by 35.5% compared to the 2010 baseline.
• Set ambitious sustainability goals: 40% reduction in GHG emissions intensity and 35% reduction in water withdrawal per square foot by 2025.
• Expanded renewable energy portfolio with new solar arrays.

Negative

• None noted in the PR; however, it should be verified if there are any underlying financial or operational challenges not disclosed.

ORLANDO, Fla.--(BUSINESS WIRE)-- Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, announced its recognition in the second edition of the USA Today America’s Climate Leaders 2024. The publication’s list of companies which cut their carbon footprint in recent years can be found here.

The Limetree Beach Resort by Club Wyndham in St. Thomas is one of many resort locations using solar panels to reduce greenhouse gas emissions. (Photo: Business Wire)

“I am proud to see our unwavering commitment to sustainability acknowledged by USA Today. This recognition is a testament to the dedication of our team and the values we hold in our commitment to responsible tourism. As the world’s leading membership and leisure travel company, we are determined to continue innovating to reduce our environmental impact,” said Kimberly Marshall, Chief Human Resources Officer of Travel + Leisure Co.

USA Today reviewed companies headquartered in the United States generating over $50 million in revenue in 2022 that achieved the greatest reduction in their core emissions intensity - Scope 1 and 2 greenhouse gas emissions (GHG) relative to revenue - between 2020 and 2022.

Travel + Leisure Co. invested $9.8 million in 119 energy-efficiency projects in partnership with the homeowners’ associations which manage its vacation club resorts. The company’s goal is a 40 percent reduction in GHG emissions intensity (Scope 1 and Scope 2 - location-based) by 2025 and 35 percent reduction in water withdrawal per square foot by 2025. As of December 2022, 88.8 percent of target has been achieved for GHG emissions, which has greatly decreased emissions intensity by 35.5 percent compared to the 2010 baseline. The company also expanded its renewable energy portfolio with two new solar arrays for continued investment in efficient and innovative solutions to conserve energy.

For more information about Travel + Leisure Co., or to view its most recent ESG report, please visit travelandleisureco.com.

About Travel + Leisure Co.

As the world’s leading membership and leisure travel company, Travel + Leisure Co. (NYSE:TNL) transformed the way families vacation with the introduction of the most dynamic points-based vacation ownership program at Club Wyndham, and the first vacation exchange network, RCI. The company delivers more than six million vacations each year at 245+ timeshare resorts worldwide, through tailored travel and membership products, and via Travel + Leisure GO - the signature subscription travel club inspired by the pages of Travel + Leisure magazine. With hospitality and responsible tourism at the heart of all we do, our 19,500+ dedicated associates bring out the best in people and places around the globe. We put the world on vacation. Learn more at travelandleisureco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603648504/en/

Travel + Leisure Co.

media@travelandleisure.com

Source: Travel + Leisure

FAQ

What recognition did Travel + Leisure Co. (TNL) receive in 2024?

Travel + Leisure Co. was recognized by USA Today as one of America’s Climate Leaders 2024.

How much did Travel + Leisure Co. invest in energy-efficiency projects?

Travel + Leisure Co. invested $9.8 million in 119 energy-efficiency projects.

What are Travel + Leisure Co.'s sustainability goals?

Travel + Leisure Co. aims for a 40% reduction in GHG emissions intensity and a 35% reduction in water withdrawal per square foot by 2025.

What progress has Travel + Leisure Co. made towards its GHG emissions reduction target?

As of December 2022, Travel + Leisure Co. has achieved 88.8% of its GHG emissions reduction target, cutting emissions intensity by 35.5% compared to the 2010 baseline.

What new renewable energy initiatives has Travel + Leisure Co. implemented?

The company has expanded its renewable energy portfolio with new solar arrays.