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How PredictX is Pioneering the Use of AI for Corporate Travel Sustainability

June 14, 2024
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How PredictX is Pioneering the use of AI for Corporate Travel Sustainability 

PredictX pioneers corporate travel sustainability by using AI to manage and reduce carbon footprints, transforming travel data into actionable environmental strategies. 

As corporate social responsibility (CSR) gains greater prominence in business practices, corporate travel has emerged as a critical frontier for innovation in sustainability. PredictX leads this transformative movement, utilising advanced AI and analytics, to redefine the way corporate travel management approaches this domain. 

Addressing the Imperative : Sustainable Corporate Travel 

Corporate travel imposes significant challenges when it comes to managing an organisation’s carbon footprint. Traditional methods of tracking and managing travel-related emissions are often fragmented and inefficient. This fragmentation leads to data inconsistencies, making it difficult for firms to create a comprehensive sustainability strategy. 

PredictX addresses these challenges head-on by offering a holistic approach to travel data management. By integrating data from over 200 sources and applying advanced machine learning models, we provide a unified view of travel activities, enabling firms to accurately measure and manage their carbon footprint. 

Core Features of PredictX’s Sustainability Solutions 

  1. Comprehensive Data Integration 

We consolidate T&E data from various sources, ensuring all travel-related activities are accounted for. This integration allows for a more accurate calculation of CO2 emissions, considering factors such as distance travelled, haul type, carrier, class of travel and even specific aircraft types. 

  1. Advanced Emissions Calculations 

Utilising industry-leading methodologies, we provide precise CO2 emission calculations. Our platform adjusts distances and emissions outputs based on aircraft type along with other variables, making sure that the data reflects real world conditions. 

  1. Impact Measurement Across All Travel Activities

PredictX’s tools measure the environmental impact of all business travel activities, including air travel, hotel stays, car rentals, and rail journeys. This comprehensive approach ensures that no aspect of corporate travel is overlooked. 

  1. Transparent Reporting and Forecasting 

With PredictX, businesses can generate detailed reports highlighting their travel-related emissions, which can be used to track performance against sustainability goals, model future emissions, and plan reduction strategies effectively. 

  1. Actionable Insights for Sustainable Decision-Making 

PredictX not only provides data but also offers actionable insights. Our platform’s simulation capabilities allow companies to model the impact of various travel policies and practices, helping them make informed decisions to reduce their carbon footprint. 

Detailed Insights from PredictX Dashboards 

PredictX offers various dashboards that provide comprehensive insights into corporate travel sustainability:

CO2 Emissions Analytics:

Our CO2 Analytics help pinpoint regions and routes that contribute most to their carbon footprint and develop targeted strategies to reduce emissions. 

For instance they can highlight emissions intensity for specific geographies and communicate that directly to stakeholders, encouraging the use of less carbon-intensive travel options in high-emission regions. 

Travel Sustainability Impact 

This profile enables companies to monitor and manage their overall travel-related emissions by type and department. They can identify which types of travel or departments are contributing most to their emissions and take specific actions, such as promoting virtual meetings or rail travel for shorter distances.

            Air Vs Rail 

Air vs Rail enables companies to seek out new ways of reducing emissions without engaging in just travel reduction.  This dataset combines and compares both Air and Rail modes of travel for the same routes, where there is a significant amount of activity via both. Emissions factors are applied to both and the impact of shifting traffic from one Air to Rail modelled, enabling you to immediately see where the biggest opportunities for emissions reductions lie.

Shaping the Future of Corporate Travel Sustainability with PredictX

As regulations like the Corporate Sustainability Reporting Directive (CSRD) come into force, the demand for robust sustainability reporting will intensify. PredictX is prepared to address these challenges, continually refining our platform to deliver increasingly precise and comprehensive sustainability analytics. Our commitment to sustainability is evident in our onion investment in R&D. By anticipating industry trends and regulatory changes, PredictX ensures that our clients are consistently equipped with cutting-edge tools to effectively manage their environmental impact. 

Book a demo with our team to navigate the complexities of sustainable travel management now! 

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