The Swiss Re insurance group has 14,000 employees scattered around the world and if any of them want to fly somewhere for work this year, they will need to have a good reason.
To do its bit to tackle climate change, the company has decided that in 2022, its greenhouse gas emissions from air travel should be half what they were in 2018.
This target has been added to the factors used to allocate company bonuses. An internal carbon price means employees booking a return flight from London to New York will have about $200 charged to their business unit’s cost centre if they fly economy, or about $600 for a seat in business.
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