2021 U.S.-Booked Air Volume: $2 million
Consolidated Global TMC: Amex GBT
U.S.-booked air volume at investment bank and financial
services firm UBS fell from $50 million in 2019 to $5.8 million and
subsequently to $2 million in 2021, according to BTN estimates.
The bank in 2021 booked 7,500 flight segments worldwide,
compared with 124,000 the previous year and 219,000 in 2019. The total number
of kilometers traveled for business across all transport modes dropped from 459
million in 2019 to 265 million in 2020 and 17 million in 2021.
UBS has a policy of offsetting all its business air travel.
The number of metric tons of CO2 caused by air travel that the bank claims to
have offset fell from 43,000 in 2019 to 23,000 in 2020 and just 47 in 2021,
according to its sustainability report. UBS stated in its second-quarter
results for 2022 that reasons for operating expenses rising 1 percent included
“higher expenses for travel and entertainment.”