Expedia Group Releases Its 2023 Global Impact Report Demonstrating Actions and Progress Aligned With Its Open World™ Social Impact and Sustainability Strategy
Expedia Group Releases Its 2023 Global Impact Report Demonstrating Actions and Progress Aligned With Its Open World™ Social Impact and Sustainability Strategy |
[06-May-2024] |
SEATTLE, May 6, 2024 /PRNewswire/ -- Expedia Group today released its 2023 Global Impact Report highlighting actions taken and progress made in pursuit of the company's environmental, social and governance targets and commitments. Formally launched in 2022, Expedia Group's Open World™ social impact and sustainability framework has since come to life through programs and partnerships focused on driving impact, with the mission of powering more responsible and sustainable travel for everyone, everywhere. "Expedia Group continues to focus on making a positive impact across the travel industry, concentrating on the connection between our employees, partners, travelers and communities," said Peter Kern, vice chairman and CEO, Expedia Group. "We have expanded our environmental and community initiatives through the launch of programs like the Made to Travel™ Fund, which awards grants to nonprofits that share our goal of removing barriers to travel. Holding ourselves accountable, this report highlights our actions, progress, ongoing commitment, and vision for the future of travel." Key highlights from 2023 include: Environment Interim targets:
Next steps include developing a Net Zero roadmap which outlines the path to achieving these commitments. Additionally, in an effort to help travelers understand and book more eco-friendly properties, Expedia Group has added industry-aligned attributes to its travel sites that help supply partners demonstrate their sustainability credentials. This allows travelers the ability to filter for hotels that have received third-party eco-certifications. Social Impact Additionally, the company and its employees continued its effort to help better its communities and their wellbeing and resiliency as:
Inclusion and Diversity The year marked the company's highest increases in hiring including:
Expedia Group also took an important step toward closing the gender pay gap by conducting its first all-company pay assessment across roles, demographics and locations. The company developed action plans focused on correcting disparities by making salary adjustments for all genders globally. After adjusting, women at Expedia Group earn USD $1 for every USD $1 earned by men, on a global basis for comparable jobs. (*URI refers to Black, Latino/a/x, Indigenous and Multiracial identities) The 2023 Global Impact report was prepared with reference to the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards, and the Task Force on Climate-Related Financial Disclosures (TCFD). For more information on Expedia Group's Open World™ social impact & sustainability framework, visit www.expediagroup.com. About Expedia Group Expedia Group's three flagship consumer brands include: Expedia®, Hotels.com®, and Vrbo®. One Key™ is our comprehensive loyalty program that unifies Expedia, Hotels.com and Vrbo into one simple, flexible travel rewards experience. To enroll in One Key, download Expedia, Hotels.com and Vrbo mobile apps for free on iOS and Android devices. One Key is currently available in the U.S. and will become available globally soon. View original content to download multimedia:https://www.prnewswire.com/news-releases/expedia-group-releases-its-2023-global-impact-report-demonstrating-actions-and-progress-aligned-with-its-open-world-social-impact-and-sustainability-strategy-302137036.html SOURCE Expedia Group | ||
Company Codes: NASDAQ-NMS:EXPE |