Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.

Tourism

Europe’s Upcoming Ban on ‘Climate Neutral’ Marketing to Affect Travel Brand Greenwashing

2 months ago

The European Union is on track to ban marketing claims such as “climate neutral” by 2026 that scientifically based certification can’t validate.

Claims such as “carbon neutral,” “environmentally friendly,” and “eco” will require companies to verify their products’ merits through third-party certification schemes. 

Travel companies are among the industries that may be affected by the looming ban. For example, airlines may need to change booking interfaces that offer “climate-neutral” flights in exchange for buying carbon offsets supporting projects that lack credibility.

The rules okayed on Wednesday still need formal approval from the European Union parliament and its member states — expected in November. But it would be procedurally rare for the rules to be denied.

The move came on the same day United Nations Secretary-General Antonio Guterres said “humanity has opened the gates to hell” in its failure to stop rising carbon emissions and a forecasted increase in extreme weather.

EU press release on its climate claims rules

Business Travel

Ashton Kutcher’s Venture Firm Leads $15 Million Investment in Climate Tech Startup

11 months ago

Actor (and travel tech investor) Ashton Kutcher is at it again, as his Sound Ventures venture capital firm has co-led a $15 million investment in climate tech company Chooose.

It’s the latest in a long chapter of travel investing for Kutcher, revealed on Friday, with previous deals including Affirm, Airbnb, Hipmunk and Citymaps, which was bought by TripAdvisor .

Norway-based Chooose, which offers climate solutions such as carbon offsetting, carbon removals and sustainable aviation fuel, already works with global companies and airlines including British Airways, Air Canada and Japan Airlines. It also works with Booking.com, Trip.com and SAP Concur.

Startups like this have fast emerged out of the need to give companies better insight into their carbon footprints when flying. This extra capital will go towards scaling up its platform, and further “embed climate action solutions into customer experiences.” It also plans to expand into new geographies, thanks to the funding provided by Soundwaves, which is the sustainability-focused vehicle of Kutcher’s fund.

GenZero, a decarbonisation-focused investment company owned by Singapore’s Temasek, also co-led the investment round. Existing investors Shell Ventures and Vinyl Capital also participated in the strategic capital round. Other current investors include travel technology giant Amadeus and Contrarian VC.

UPDATE: This article was amended to remove the series B mention, which had originally been provided.

Filters

Tags

carbon-offsets

Clear Filters