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Sign upMay 9, 2025
Crédit Agricole
Montrouge
The bank aims to reduce its carbon footprint related to business travel by 30% between 2019 and 2025 and has already achieved a 44% reduction by 2023. This success is largely due to a travel policy prioritizing train travel over flights.
Virtual communication tools have increasingly proven to be the perfect backup plan for certain situations by making collaboration possible from anywhere in the world. But what if it becomes the communication method by default? Embracing virtual communication over business travel is a smart, sustainable, and modern shift with multiple benefits for companies. With today’s digital tools, business trips for short meetings are often unnecessary and do more harm than good. Replacing travel with virtual alternatives like video conferencing, online workshops, and virtual collaboration tools not only cuts indirect carbon emissions of companies but also reduces operational costs considerably. Business trips are usually even more expensive than holidays, including business class, restaurants, and hotel stays, and the bill is generally charged to the company. According to a 2020 study, meetings and conferences accounted for 18% of hotel gross bookings in 2019 (3). New technologies can, hence, save time and improve work-life balance, flexibility, and productivity. Transitioning away from unnecessary travel is, therefore, a strategic and sustainable move for companies to set new communication standards for efficient and responsible business practices.
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