Appendix

A warming planet and the corresponding damage this creates is an increased risk to all of nature and humanity. We know that travel is carbon intensive and that our business can only exist with a thriving planet. Not only are we therefore taking actions to halve our per passenger emissions by 2030, we are also investing significantly in rewilding and other nature-based initiatives. We proactively support nature restoration and regeneration through our commitment to rewild 100 square meters of land for every passenger that travels with us. The Exodus Travels Foundation also provides funding for projects to regenerate biodiversity, particularly inhard-to-reach places.

The right hand page sets out our carbon emissions and where they come from. Our 2019 data has been through a re-baseline with refined calculation methodologies across all scopes and now also includes a figure for radiative forcing (the non-CO2 impacts of flying) . The data shows the emissions that we are responsible for directly through our offices, from the fuel we burn, and from our Scope 3 emissions through our supply chain that we are working closely with others to reduce.

Corporate Activity By Year

Holiday travel (Scope 3) was the most significant contributor to emissions in both 2019 and 2022. There is a 78% reduction in emissions from the 2019 baseline year to 2022, largely due to COVID-19 travel restrictions. Exodus also saw a large decrease in electricity consumption, as offices in the USA, Australia and Canada were all closed in 2022.

Emissions By Year Activity

Summary of Changes

This report is part of a re-calculation of the emissions previously measured for all 10 Travelopia business units for 2019 and 2022. Data was collected by Carbon Responsible and Travelopia brands, and Synergy performed the carbon analysis. Synergy did not conduct a full data collection process with Travelopia and instead worked with Carbon Responsible's data collection summaries. Where data was not available, Synergy estimated material emissions activities to ensure a complete carbon footprint assessment.

During the re-calculation from initial measurement, some gaps were identified. The following table identifies the major changes done in this re-calculation.

Emissions Source Notes

Well to Tank To align with the Scope 3 Standard, Well-to-Tank emissions were calculated for all scope 1 fuel purchases.

Staff commuting Limited data was available from brands; Synergy estimated emissions based on numbers of FTEs, average method and distance commuted.

Flights Exact distances were calculated for flights that had airport codes or city locations. Where flights had no location data distances were estimated.

Radiative Forcing Radiative forcing has been included in emission factors used. This emissions factor is 89%higher than emissions factors without radiative forcing.

Holiday Activity Data Adventure had significant activity data that was not originally calculated, and was estimated in this footprint.

Exodus and Headwater have done additional work with the carbon consultancy Ecollective to measure holiday emissions for 2022 trip activity. The 2022 holiday accommodation, holiday meals and holiday other travel emissions totals in this report were generated by Ecollective; these calculations have not been reviewed by Synergy.