“Driving sustainability supports the long term success of our tourism business – it’s as simple as that…the potential benefits are significant – for our business, destinations, customers, colleagues and the environment.” Jane Ashton, Director of TUI Group Sustainable Development
TUI Travel is one of the world’s leading leisure travel companies, incorporating Thomson and First Choice, and operates in over 180 countries with more than 30 million customers in 31 markets. It aims to make travel experiences special whilst minimising environmental impact, respecting culture and people, and bringing economic benefits to communities.
In 2006, TUI Travel and ClimateCare began to develop a programme that would reduce CO2 emissions, deliver benefits to communities, and which would have relevance for TUI’s customers. TUI needed to be able to demonstrate the value of the programme and be assured that it would be robust.
ClimateCare worked in close consultation with TUI’s senior management to develop the World Care Fund, a fund to develop and support projects that both cut carbon emissions and improve the lives of people, with a focus on those living in TUI’s destination countries.
Using the Gold Standard framework, to ensure robust measurement and reporting of environmental and social impacts, ClimateCare developed and managed a portfolio of ground breaking, bespoke renewable energy and energy efficiency projects on behalf of the TUI World Care Fund.
Our on the ground partnerships, with a variety of renewable energy companies and entrepreneurs, and expertise in project development enabled the World Care Fund to take a pioneering approach and invest in projects at a very early stage of their development. Their financial support ranged from providing sustainable, up front funding to develop a community Hydro Plant in Zambia – bringing electricity to rural communities for the first time, to purchasing the wind turbines for a renewable energy project in Turkey.
Eight year old Annointing is now able to read her book and keep up with her studies, thanks to TUI Travel Plc’s investment in the Zengamina Hydro Project in Zambia.
This project has provided over a thousand homes, schools , businesses and a hospital with clean reliable power, many for the first time.
“It’s critical that companies like TUI find the right partners to realise their vision of making a positive impact for the world and for the communities they operate in. We’re pleased that working with ClimateCare and using our robust framework gave TUI the confidence to know they secured real, measurable benefits to the environment and the people the World Care Fund supports,” said Adrian Rimmer, CEO of the Gold Standard Foundation.
Working with ClimateCare, TUI directly funded a reduction of 750,000 tonnes of CO2 through projects that wouldn’t have happened without the carbon funding. They have left a lasting legacy as these projects continue to deliver carbon reductions year on year, securing ongoing carbon finance.
ClimateCare’s unique network and experience of developing Climate and Development projects helped TUI invest its funds wisely to deliver maximum return for people and the environment in a way that was also relevant to the business. At a time where investment in this type of project was relatively new for corporate business, working with ClimateCare reduced the risk and allowed TUI to demonstrate clear leadership in sustainability, secure that behind the scenes ClimateCare would ensure delivery of robust and verified outcomes for their investment.