For the first time, environmental concerns top the annual Global Risks Report produced by the World Economic Forum, the international organization committed to improving the state of the world. Extreme weather, natural disasters and failure to protect our environment rank among chief concerns; outranking infectious diseases, food and water crises, and weapons of mass destruction. BCD Travel Research & Innovation’s Mike Eggleton explains what this could mean for business travel. Check out his Q&A.
1. Why are environmental risks suddenly ranking higher than others?
Environmental issues are currently on everybody’s mind. That’s partly due to awareness created by climate activists like Greta Thunberg, but also because of weather extremes like floods and droughts all over the world.
It’s a severe long-term risk and we are starting to realize that it will affect all of us.
2. To what extent will environmental risks affect business travel?
First of all, travel’s environmental impact is why we need to reduce our carbon footprint. This means that we should carefully weigh up the pros and cons before each business trip. Sometimes a virtual meeting can be just as effective as a face-to-face meeting. Advito’s Sustainable Collaboration team managed to drastically cut a client’s carbon emissions in five months.
Whenever we go on a business trip, we should consider CO2 compensation BCD’s Carbon Footprint Calculator for Air Travel automatically shows a flight’s CO2 emission on all BCD itineraries.
We’ve all either had a business trip disrupted by weather extremes or we know someone who has. With our total trip management platform and app TripSource®, travelers stay informed and engaged with risk alerts, flight alerts, emergency response notifications, policy information and trip reminders.
3. What are the three things you would recommend companies do now in order to protect their business travelers?
- Don’t overlook other business travel risks. An example: Cybersecurity is a growing concern, particularly as hackers target biometric data. Yet, according to the 2020 survey by BCD’s SolutionSource partner International SOS, only 31% of companies include cybersecurity in their travel policies.
- Make sure you have all the tools in place to fulfil your duty of care. Emerging technologies can help you bridge the duty of care gap. Anticipate trouble before it happens; and save precious time when it does. Find out more in our Inform report, Duty of care: Emerging technology and travel management or in this infographic.
- Check out our Travel Risk Survival Kit for risk information and proven solutions for mitigating economic, geo-political, environmental, health and safety, and cyber risks. Stay tuned to be the first to get the latest update.