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]

CONTACT : 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.

À propos du projet 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.

À propos de la Fondation GBTA
La Fondation GBTA est la fondation d'éducation et de recherche de la Global Business Travel Association (GBTA), la première organisation commerciale de voyages d'affaires et de réunions au monde dont le siège est situé dans la région de Washington, DC et qui opère sur six continents. Collectivement, les plus de 7 000 membres de GBTA gèrent chaque année plus de $345 milliards de dépenses mondiales de voyages d'affaires et de réunions. GBTA fournit son réseau croissant de plus de 28 000 professionnels du voyage et 125 000 contacts actifs avec une éducation, des événements, des recherches, des plaidoyers et des médias de classe mondiale. La Fondation a été créée en 1997 pour soutenir les membres de GBTA et l'industrie dans son ensemble. En tant que principale fondation d'éducation et de recherche dans l'industrie du voyage d'affaires, la Fondation GBTA cherche à financer des initiatives visant à faire progresser la profession du voyage d'affaires. La Fondation GBTA est une organisation à but non lucratif 501(c)(3). Pour plus d'informations, voir www.gbta.org et www.gbta.org/foundation.

À propos de l'Association mondiale des voyages d'affaires
La Global Business Travel Association (GBTA) est la première organisation commerciale de voyages d'affaires et de réunions au monde. Son siège social est situé dans la région de Washington, DC et elle opère sur six continents. Plus de 9 000 membres de GBTA gèrent chaque année plus de $345 milliards de dépenses mondiales de voyages d'affaires et de réunions. GBTA et la Fondation GBTA offrent une éducation, des événements, des recherches, des plaidoyers et des médias de classe mondiale à un réseau mondial en pleine croissance de plus de 28 000 professionnels du voyage et 125 000 contacts actifs. Pour savoir comment les voyages d'affaires stimulent la croissance durable des entreprises, gbta.org