2023 U.S.-Booked Air Volume: $174 million
Consolidated U.S. TMC: Amex GBT
BTN estimates U.S.-booked air travel spend at McKinsey increased slightly in 2023 to $174 million.
With indirect emissions generated by business travel accounting for more than 80 percent of the company’s carbon footprint, the consulting firm has reshaped travel and procurement policies to support in support of its transition to net zero by 2030.
On Jan. 1, 2023, the firm implemented a global internal carbon fee of $50 per ton of carbon dioxide equivalent on all air travel. In 2024, the fee will be expanded to all emission categories, including ground transportation and hotel stays.
The company has committed to reducing Scope 3 GHG emissions from business travel by 35 percent per employee by 2025 from a 2019 baseline and it is on track to achieve this target. The roadmap includes virtual events, hybrid work arrangements, investments in sustainable aviation fuel and encouraging travelers to switch from air to rail journeys and to stay the weekend in a client city. McKinsey also provides every employee with their own personal CO2 emissions dashboard detailing their travel behavior against targets and peers.
The company continues to engage with travel suppliers on sustainability goals and in 2023 hosted its second supplier summit. Its Green Hotels program engages more than 1,000 hotel properties on sustainability and urges employees to select environmentally sustainable properties.