Travel management company Reed & Mackay will introduce a new tool that allows customers to benchmark their business travel emissions against industry peers following a collaboration, announced on Wednesday (5 March), with carbon planning platform Clarasight.
The TMC, which is owned by Navan, said it will integrate clients’ booking data into Clarasight’s platform to “enable both parties to deploy actionable insights for their shared clients”.
This includes a “first-of-its-kind” benchmarking solution that allows corporates to compare their travel activity, spend and emissions against that of industry peers.
This functionality will provide both company-level and city-pair level benchmarking, according to the companies, along with access to Clarasight’s scenario modelling and carbon budgeting capabilities. The collaboration will also see the two companies combine their datasets to publish wider industry analyses.
This latest development follows Reed & Mackay’s 2023 partnership with carbon emissions specialist Squake to integrate emissions data into its online booking tool, and its recently launched carbon-based travel approval functionality.
“Many of our clients are focused on ways to drive emissions reduction further into their travel programmes. Simply tracking emissions is no longer enough – there needs to be coherent and achievable activity to back this up, and this is where the Clarasight platform can really add significant value,” said Reed & Mackay’s global sustainability director, Chris Truss.
“This is an exciting collaboration because it allows us to leverage our existing CO2 data and reporting capabilities to provide a platform for our customers with access to highly strategic guidance for more enhanced, forward-looking sustainable travel programmes,” Truss added.