New White Paper Details Impact Recent EU Accounting Directive to Have on Travel Buyers

EU Directive Makes Reporting of Non-Financial Data Mandatory for 6,000+ EU Companies

Frankfurt, Germany (11 November 2015) – In 2014, the European Council adopted Directive 2014/95/EU establishing mandatory environmental, social and governance reporting requirements for companies of significant public relevance with more than 500 employees. The EU member states are currently transposing the Directive into national law and mandatory reporting will be enforced beginning in 2017. The GBTA Foundation’s Project ICARUS partnered with atmosfair to create a white paper detailing its implications for business travel carbon emissions reporting.

The white paper, EU Non-Financial Reporting Directive: Implications for Business Travel Reporting, analyses current reporting practices and gives an indication of how prepared the business travel industry is for this new regulation. It also offers solutions on how travel buyers can prepare for the new reporting requirements. The paper will be presented at an education session today during GBTA Conference 2015 Frankfurt in partnership with VDR.

“With nearly 6,000 companies impacted, Project ICARUS wanted to create a resource to help travel buyers navigate the implications this new directive presents,” said Bernard Harrop, head of sustainability for Project ICARUS. “The directive should not be seen as a burden on companies, but rather an opportunity to increase European companies’ long-term competitiveness and Europe’s long-term sustainable growth practices.”

The whitepaper, EU Non-Financial Reporting Directive: Implications for Business Travel Reporting, is available exclusively to GBTA members by clicking here and non-members may purchase the report through the GBTA Foundation by emailing [email protected]

CONTACTO: Colleen Gallagher, +1 703-236-1133, [email protected]

About atmosfair
atmosfair is a non-profit climate protection organisation with a focus on travel. With the VDR-standard atmosfair established an accurate and praticable methodology to calculate CO2-emissions from business travel and MICE. atmosfair‘s approach to sustainable business travel management aims at achieving CO2, cost and time savings. To offset carbon emissions, atmosfair develops its own renrewable energy and energy efficiency projects in developing countries – certified by the CDM Gold Standard, the strictest standard available for climate protection projects. atmosfair’s outstanding quality has been confirmed by numerous international comparative studies.

About Project ICARUS
Project ICARUS, a GBTA Foundation initiative, is the most widely recognized and respected Corporate Sustainability/Corporate Social Responsibility program within the global business travel and meeting industry. This is a project led by and targeted primarily at national and international travel buyers/managers and their suppliers/intermediaries, who wish to integrate sustainability into the way they manage, run and supply travel and meetings programs. www.gbta.org/foundation/ICARUS.

Acerca de la Fundación GBTA
La Fundación GBTA es la fundación de educación e investigación de la Asociación Global de Viajes de Negocios (GBTA), la principal organización comercial de viajes y reuniones de negocios del mundo con sede en el área de Washington, DC y operaciones en seis continentes. Colectivamente, los más de 7000 miembros de GBTA administran anualmente más de $345 mil millones de viajes de negocios globales y gastos de reuniones. GBTA proporciona a su creciente red de más de 28 000 profesionales de viajes y 125 000 contactos activos educación, eventos, investigación, defensa y medios de comunicación de primer nivel. La Fundación se estableció en 1997 para apoyar a los miembros de GBTA ya la industria en general. Como fundación líder en educación e investigación en la industria de viajes de negocios, la Fundación GBTA busca financiar iniciativas para promover la profesión de viajes de negocios. La Fundación GBTA es una organización sin fines de lucro 501(c)(3). Para obtener más información, consulte www.gbta.org y www.gbta.org/foundation.

Acerca de la Asociación Global de Viajes de Negocios
La Asociación Global de Viajes de Negocios (GBTA) es la principal organización comercial de viajes de negocios y reuniones del mundo con sede en el área de Washington, DC y operaciones en seis continentes. Los más de 9000 miembros de GBTA administran anualmente más de $345 mil millones de viajes de negocios globales y gastos de reuniones. GBTA y la Fundación GBTA brindan educación, eventos, investigación, defensa y medios de clase mundial a una red global en crecimiento de más de 28,000 profesionales de viajes y 125,000 contactos activos. Para aprender cómo los viajes de negocios impulsan el crecimiento empresarial duradero, gbta.org