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  "documentTitle": "2024 Annual Report",
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  "notes": "This is a page from a TUI Group annual report, specifically addressing TCFD (Task Force on Climate-related Financial Disclosures) requirements.",
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      "text": "TUI is continuously working on improving its metrics and targets to ensuring an effective steering of the most material climate related risks and opportunities.",
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      "text": "For details on our metrics please refer to the Non-Financial Group Declaration on page 76",
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      "text": "a) Metrics used by TUI to assess climate related risks and opportunities in line with its strategy and risk management process",
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      "text": "b) Scope 1, Scope 2, and Scope 3 greenhouse gas emissions and the related risks",
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      "text": "Climate change is a pressing global challenge. There is an urgency to act and for everyone to play a role in the transition to a low carbon economy. As a global tourism group, our business model inherently leads to a significant emission of greenhouse gases. In alignment with our reduction strategy, low emissions are the cornerstone for our pathway. This is reflected in our currently used metrics to assess climate related risks and opportunities. Following the larger scale use of SAF, we will further develop our metrics to reflect the impact on CO2 emissions. Emissions from TUI's airline, cruises and hotel segments represent 99% of the Group's emissions. Within our asset portfolio our airline emissions represent roughly 75% of the Group's total carbon dioxide (CO2) emissions. We are working to reduce the environmental footprint of holidays and drive-up environmental standards in our industry. In order to measure and manage climate-related risks and in line with our strategic target to achieve net-zero emissions across our operations and supply chain by 2050 at the latest, we monitor our absolute CO2 emissions, (specific) fuel consumption and specific carbon emissions. TUI has considered the cross-sector risks Following the larger scale use of SAF, we will further develop our metrics to reflect the impact on CO2 emissions. TUI currently does not have an internal carbon pricing mechanism. For the reasons outlined above, CO2 emissions form our key metric to assess climate related risks and opportunities.",
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