SINGAPORE 26 April 2021: To mark Earth Day, 22 April, the
Travel Corporation announced a five-step Climate Action Plan to achieve carbon
neutrality by 2030.

As members of the global travel industry, it recognizes its
activities create greenhouse gas (GHG) emissions through its trips and
operations.

In response, TCC and TreadRight Foundation are investing in
two nature-based carbon removal solutions, Project Vesta and GreenWave. They
are core elements in the company’s recognition that both travellers and
businesses must take action to address GHG emissions and climate change.

TreadRight has also launched a new Impact Hub in an effort
to be transparent as to progress made at TTC to achieve the group’s 11
sustainability goals while also providing tips to travellers on how they can
help. 

Climate change is directly linked to an increase in
greenhouse gas (GHG) emissions in the atmosphere, of which globally a reported
51 billion tons of GHG emissions are emitted annually.

The Travel Corporation’s Climate Action Plan’s core
objective is to become carbon neutral by 2030 and to source 50% of electricity
from renewable sources across the organization by 2025.

This includes TTC’s more than 20 offices, 18 Red Carnation Hotels, 13 Uniworld ships, six accommodations/facilities, 500 vehicles, and more than 1,500 itineraries operated worldwide by its 40 award-winning brands, including Contiki, Trafalgar, Insight Vacations, and Uniworld.

This new Climate Action Plan builds on TTC’s progress made
to date and its commitment to continual improvement. Advancements to date
include the installation of solar panels in 2020 at the Uniworld head office in
Encino, California, the implementation of a 400kW Tesla plant supplying over
95% of Xigera Safari Lodge’s energy, which opened December 2020 as part of the
Red Carnation Hotel Collection and the recent shift to 100% renewable
electricity by Contiki’s Chateau De Cruix and Haus Schöneck as well as Red
Carnation Hotel’s Ashford Castle, which sits on a 350-acre property.

Looking forward, TTC has committed to carbon-neutral offices and business travel beginning 1 January 2022 through its partnership with offset provider the South Pole. On the same timeline, Contiki will move a step ahead to become a complete carbon-neutral business, meaning unavoidable emissions from all trips departing as of 1 January 2022 will be offset going forward.

“Our TTC Climate Action Plan is not marked by one quick
fix because there isn’t one. It is marked with the need to act now, to learn
and adapt as technology and innovation support our need to transition to a
low-carbon business,” states The Travel Corporation CEO Brett Tollman.

A key feature of the 
Climate Action Plan highlights the TreadRight Foundation that will
invest USD100,000 in new technology for developing permanent carbon removal
projects.