Green Carpet is a SaaS platform that transparently captures, monitors and reports business travel emissions in accordance with global ESG reporting standards.
As part of its innovation Green carpet initiative, Thomas Cook (India) LimitedIndian leader in omnichannel travel services, and LTIMindtree (NSE: LTIM, BSE: 540005), a global technology consulting and digital solutions company, has signed an agreement with Eurolife FFHa leading insurance group based in Greece, offering life and non-life insurance products to more than 500,000 customers.
Green carpet, a pioneering global initiative to track carbon emissions generated by business travel, addresses the specific challenges organizations face by providing them with tools to capture, monitor, analyze, report and ultimately reduce their carbon emissions. carbon. The platform provides real-time insights into Scope 3 emissions, enabling organizations to significantly reduce their spending on environmental, social and governance (ESG) reporting.
The integration of Eurolife FFH on the Green carpet The platform highlights the growing need for world leaders to monitor and manage their carbon emissions while setting ambitious sustainability goals.
Madhavan Menon, Executive Chairman, Thomas Cook (India) Ltd said, “We are delighted to welcome Eurolife FFH – to our pioneering Green Carpet sustainability initiative. Our united efforts highlight the critical need for businesses around the world to adopt sustainable practices and take responsibility for their carbon footprint. With Green Carpet, we are paving the way for a greener and more responsible business landscape.
Since its launch in March 2023, Green Carpet has attracted the attention of leading players in the international business landscape and our acquisition pipeline appears encouraging. This strategic initiative aligns with the company’s commitment to fostering sustainable business practices and contributing to the preservation of the environment.
Sanjay Tugnait, President and CEO of Fairfax Digital Services said, “Green Carpet is a powerful tool that will enable enterprise clients to accelerate their journey to Net Zero. This is an exemplary partnership between Thomas Cook and Eurolife FFH, powered by Fairfax Digital’s global expertise in creating ESG solutions. Capturing, measuring, comparing and reporting is not only a UN requirement for Scope 3 emissions, but also a social obligation for us to do our part and save the planet. In this year of India’s G20 Presidency, as a member of the G20 Startup 20 Sustainable Development Working Group, I am delighted that we have built this digital solution that we can present to the G20 countries.
Thomas Cook India and LTIMindtree’s Green carpet will bring the following benefits to Eurolife:
- Simplified data capture and analysis of travel emissions with real-time dashboards
- Alignment with global sustainability frameworks
- Quick and easy integration with companies’ current business travel platforms
- Advanced AI and ML to provide analytics
- Decision making to achieve company net zero emissions targets
Alexandre Sarrigeorgiou, Chairman and CEO Eurolife FFH declared: “We aspire to be fair to people, not only through our insurance products, but also through important initiatives that positively impact society in various ways. Our ambition is to be a driving force for a more sustainable future for all, which is why we are very pleased to join ‘Green Carpet’ as part of our overall ESG strategy. Any meaningful tool that helps the world fight climate change must be exposed and supported.
Sudhir Chaturvedi, Chairman and Board Member, LTIMindtree said, “At LTIMindtree, we use our ESG and digital solutions expertise to help organizations simplify and accelerate their journey to net zero, tackling scope 3 emissions from business travel. The SaaS platform strengthens companies’ sustainability efforts through automation of data capture, calculation, in-depth analytics and emissions reporting to help them make their business travel sustainable. The initiative was launched earlier this year with Thomas Cook India, with the aim of improving monitoring and reporting of Scope 3 emissions aligned with global frameworks and reducing carbon footprint to build a greener planet.
About Tapis Vert: In March 2023, Thomas Cook (India) Limited and SOTC Travel partnered with LTIMindtree to launch “Green carpet”, an innovative global platform designed to enable businesses to effectively track and mitigate carbon emissions generated by business travel. Developed with the expertise of Fairfax Digital Services, this groundbreaking initiative merges the extensive experience of Thomas Cook and SOTC in the travel sector, LTIMindtree’s mastery in ESG consulting and digital solutions, and the global knowledge of Fairfax Digital Services (a Fairfax company).
About Thomas Cook (India) Limited: Established in 1881, Thomas Cook (India) Limited (TCIL) is the country’s leading omni-channel travel agency, offering a wide range of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel , value-added services and visa services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied TPro, Australian Tours Management, Desert Adventures, Travel Circle International Limited (TCI勝景), Sterling Holiday Resorts Limited, Distant Frontiers , TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa
As one of the largest travel service provider networks headquartered in the Asia Pacific region, Thomas Cook India Group has a presence in 28 countries across 5 continents.
TCIL was awarded The Best Tour Operator at India Travel Awards North 2023, winner of Corporate Citizen Award (Travel Tourism & Hospitality) at Corporate Citizen Conclave & Award 2023, The Outbound Tour Operator of the Year 2022 & 2019 at SATTE . Awards, IAMAI India Digital Awards 2022, CNBC-TV18 & ICICI Lombard India Risk Management Award – Travel & Leisure Category 2022 & 2021, CIO100 Digital Innovation Awards 2022, “Innovation in Omni-experience” Award in the Industry International Data Corporation (IDC) Innovation Awards 2021, Best Travel Agency – India at TTG Travel Awards 2019, Best Outbound Tour Operator at Times Travel Awards 2019 and 2018, Silver Award for Best Integrated Report from Asia (First Time) at Asia Sustainability Reporting Awards 2019-2021, Best Risk Management Framework and Systems at India Risk Management Awards 2019; The French Ambassador’s Award for exemplary achievements in visa issuance for 5 consecutive years and the Condé Nast Traveler – Readers’ Travel Awards from 2011 to 2019.
CRISIL has reaffirmed the rating on the debt programs and banking facilities of Thomas Cook (India) Limited – “CRISIL AA- / Stable” on the long-term banking facilities of TCIL and the rating “CRISIL A1+” on the banking facilities at short term and short term banking facilities. – the Company’s term debt.
For more information, please visit www.thomascook.in
Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, promotes TCIL by holding 72.34% of its paid-up capital and is responsible for the execution of acquisition and investment opportunities.
LTIMindtree is a global technology consulting and digital solutions company that enables companies across industries to reinvent their business models, accelerate innovation and maximize growth by leveraging digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive competitive differentiation, superior customer experiences and business outcomes in a converged world. With more than 82,000 talented and enterprising professionals in more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-recognized strengths of former Larsen and Toubro Infotech and Mindtree to solve today’s toughest business challenges. complex and achieve large-scale transformation. For more information, please visit https://www.ltimindtree.com/.
About Eurolife FFH: Eurolife FFH attaches great importance to respecting people, by designing insurance products that meet all their needs. A member of Fairfax Financial Holdings Ltd., it is one of the leading organizations in the Greek insurance sector. It offers integrated insurance solutions for individuals and businesses that cover all aspects of life and business. Eurolife FFH has a large network of insurance partners across the country and works closely with them, to support its customers so they can achieve more every day. Eurolife FFH aims to be a catalyst for positive change not only through its insurance products, but also through important initiatives that contribute to sustainable development. With people at the epicenter, it designs and supports targeted actions focused on low birth rate and quality of life in remote areas, gender equality and inclusion, culture, entrepreneurship, etc. .
For more information, please visit: www.eurolife.gr/fr
About Fairfax Financial Holdings Limited: Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, engages in the insurance, reinsurance and property and casualty investment management businesses. Founded in 1985 by current Chairman and CEO, Prem Watsa, the company is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in US dollars under the symbol FFH.U.