Overview and Performance

At Travel + Leisure Co., we are proud of our ability to positively impact the travel industry through responsible tourism, as we deliver on our environmental, social, and governance strategy. Our progress is fueled by our commitment to inclusive, responsible, and sustainable growth which enables our company and stakeholders to thrive. We are glad to recognize meaningful achievements in several key areas.

Last year, we reached our previous water withdrawal goal six years ahead of projection. Accordingly, we have reset our new goal to reduce water withdrawal by 35% by 2025. In addition to our goal to reduce carbon emissions by 40%, we will establish a waste diversion goal by 2022. We are also mapping out the strategy to support our intention to reach 20% renewable energy consumption by 2030, which includes our latest progress leveraging artificial intelligence to manage the strain on local electricity grids.

2020 proved to be a transformative year worldwide. The effects of the global COVID-19 pandemic prompted our team to deliver agile, responsive engagement with our stakeholders around the world. Through our We’ll Be Ready return-to-work plan, we prioritized the safety and wellbeing of our associates, owners, members, and guests, while continuing to deliver on our mission: to put the world on vacation. In 2021, we continue to navigate the evolving impact of the global health crisis, while resuming operations safely.

In June of 2020, we responded to the heightened global awareness of systemic racism and racial inequities with our commitment to Listen, Learn, and then Act. We set a goal to increase diverse representation at the Director-and-above level across the organization. Our focus on strengthening stakeholder engagement includes an emphasis on increasing diverse voices, including the re-ignition of our Global Inclusion & Diversity Council and the worldwide expansion of associate-centric Diversity Resource Groups. Additionally, we continue to prioritize community engagement across the organization, most recently championing the youth of Central Florida through the new Travel + Leisure Eatonville Scholarship Program.

While our company name has changed, our beliefs remain steadfast: with hospitality and responsible tourism at the heart of all we do, we bring out the best in people and places around the globe. I am confident that our business will continue to grow and evolve responsibly and I look forward to sharing news of our progress in the years to come.

Michael D. Brown

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