Booking Holdings Inc. is a leading online travel and booking company based in the United States of America. The company operates in the Other - Travel & Booking Web sector, providing a comprehensive range of travel and accommodation services to customers worldwide. Booking Holdings Inc. is committed to decarbonisation and reducing its carbon footprint through various initiatives, including the adoption of renewable energy and corporate power purchase agreements (PPAs).

Corporate Energy and Decarbonisation

As a global company, Booking Holdings Inc. recognises the importance of reducing its carbon footprint and contributing to the fight against climate change. The company has set ambitious goals to reduce its greenhouse gas emissions and become carbon neutral by 2025. To achieve this, Booking Holdings Inc. has implemented a range of initiatives to reduce its energy consumption and increase the use of renewable energy sources.

One of the key initiatives undertaken by the company is the adoption of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, Booking Holdings Inc. is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.

In addition to corporate PPAs, Booking Holdings Inc. has also invested in on-site renewable energy generation, such as solar panels and wind turbines. These initiatives not only help to reduce the company's carbon footprint but also provide a reliable and sustainable source of energy for its operations.

Renewable Energy

Booking Holdings Inc. is committed to increasing the use of renewable energy sources across its operations. The company has set a target to source 50% of its electricity from renewable sources by 2025. To achieve this, the company is investing in a range of renewable energy projects, including wind, solar, and hydroelectric power.

One of the key ways in which Booking Holdings Inc. is increasing its use of renewable energy is through the adoption of corporate PPAs. The company has signed several long-term contracts with renewable energy providers, which will supply the company with a significant amount of renewable energy over the coming years. These agreements not only help to reduce the company's carbon footprint but also provide a reliable and cost-effective source of energy for its operations.

In addition to corporate PPAs, Booking Holdings Inc. is also investing in on-site renewable energy generation. The company has installed solar panels at several of its facilities, which generate a significant amount of renewable energy. These initiatives not only help to reduce the company's carbon footprint but also provide a reliable and sustainable source of energy for its operations.

Conclusion

Booking Holdings Inc. is a leading online travel and booking company that is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious goals to become carbon neutral by 2025 and is implementing a range of initiatives to achieve this. By adopting corporate PPAs and investing in on-site renewable energy generation, Booking Holdings Inc. is able to secure a reliable and cost-effective source of renewable energy while also supporting the growth of the renewable energy sector. These initiatives not only help to reduce the company's carbon footprint but also provide a reliable and sustainable source of energy for its operations. Overall, Booking Holdings Inc. is a company that is leading the way in sustainable business practices and is committed to making a positive impact on the environment.