Sustainable development strategy

During 2008/2009, we developed a Group sustainable development policy in conjunction with key colleagues, articulating our vision and approach to sustainable development. The Group Code of Conduct covers a wide range of sustainability issues, including human rights, business ethics and transparency and commits TUI Travel to upholding the principles of the UN Global Compact.

TUI Travel’s sustainable development strategy is based on consideration of the key issues affecting the Company, now and in the future. It has been developed in consultation with internal and external stakeholders.

We encourage all TUI Travel businesses to develop their own sustainable development strategy, aligning with Group priorities. At the end of 2008/2009, 73%* of TUI Travel businesses had their own sustainable development strategy.

*Weighted by employee numbers.

Policy and mitigation for Groupwide risks relating to sustainability are facilitated by the Group Risk Management and Sustainable Development Departments, with responsibility for managing such risks also shared by the businesses themselves. For further details, see the Risk section.

Each strategic priority has a Board-level sponsor and is underpinned by our commitment to integrate sustainable development into the way TUI Travel operates.