Travel technology company announces submission
of commitment letter on setting Science Based Targets and focuses
on a three-pillar strategy to drive positive impact
SOUTHLAKE, Texas, Sept. 30,
2024 /PRNewswire/ -- Sabre Corporation (NASDAQ:
SABR), a leading software and technology provider that powers the
global travel industry, today announced the release of its 2024
Sustainability Report. The report highlights the company's progress
and commitment to sustainability and introduces its new Travel
Positive strategy – focused on People, Planet,
and Prosperity.
A key milestone in Sabre's sustainability journey is the
submission of a commitment letter to the Science Based Targets
initiative (SBTi). Through doing so, Sabre demonstrates its
focus on reducing greenhouse gas emissions in line with the Paris
Agreement, the international treaty on climate change. Over the
next two years, Sabre expects to set mid- and long-term term
targets to reduce its emissions in line with science.
In this year's report, Sabre also discloses its scope 3
emissions across five categories for the first time. Notably, Sabre
has become the first-ever company to use Google and Travalyst's
Travel Impact Model to measure its business travel Scope 3
emissions. This innovative methodology, which analyzed flight data
from the Sabre's 2023 business travel, provides a detailed
understanding of the company's environmental footprint and enables
targeted action to reduce emissions – underscoring Sabre's
commitment to Planet.
"Throughout 2023 and into 2024, we have made
meaningful strides in our sustainability journey," said
Kurt Ekert, CEO and President
Sabre. "Our new Travel Positive strategy is our framework
for helping to create a more sustainable future for the travel
industry and the communities it serves. Centered around three
pillars – People, Planet and Prosperity – it has already helped
guide us in making impactful changes in our business. By focusing
on setting science-based goals, investing in innovative
technologies, and partnering with industry leaders, we expect to
play an important role in creating meaningful impact for the
long-term sustainability of travel."
In the report, Sabre also expands on the key partnerships that
are helping it to drive change, including its participation in the
Travalyst coalition, a non-profit organization working to make
sustainability information more broadly available to travelers at
the time of booking. The company has also made significant strides
in the product space, integrating several sustainability features
into some of its core technologies. These moves align with Sabre's
commitment to Prosperity and underscore the company's belief
in the power of collaboration to help create a more sustainable
future.
Supporting its People pillar, Sabre's 2024 Sustainability
Report highlights the company's increased commitment to its team
members. The report outlines additions to Sabre's inclusion groups,
as well as the launch of a new Sustainability Community of Practice
– a network of regional groups throughout the company that are
dedicated to helping champion Sabre's sustainability goals. In
addition, the company teases the upcoming launch of the Sabre
Travel Positive Program – an educational initiative offering
sustainability training to all its team members.
About Sabre Corporation
Sabre Corporation is a
software and technology company that takes on the biggest
opportunities and solves the most complex challenges in travel. The
Company connects travel suppliers and buyers around the globe and
across the ecosystem through innovative products and
next-generation technology solutions. Sabre harnesses speed, scale
and insights to build tomorrow's technology today – empowering
airlines, hoteliers, agencies and other partners to retail,
distribute and fulfill travel worldwide. Headquartered in
Southlake, Texas, USA, Sabre
serves customers in more than 160 countries around the world. For
more information visit www.sabre.com.
SABR-F
Media Contacts:
Kristin Hays
Kristin.hays@sabre.com
Investors
Brian Roberts
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation