Sabre 2023 Sustainability Report
Sabre 2023 Sustainability Report
Sabre 2023 Sustainability Report
SUSTAINABILITY
REPORT
CONTENTS
03 Introduction 38 Social
04 Letter from our CEO 39 People
06 Our Sustainability Strategy 44 Inclusion and Diversity
12 Business Overview 47 Supplier Engagement
48 Community Engagement and Corporate Social Responsibility
16 Governance
17 Our Board 50 About This Report
20 Risk Oversight and Management 51 Disclaimer
23 ESG Oversight and Management 53 Sustainability Accounting Standards Board (SASB) Report Index
25 Information Security and Data Privacy 59 Task Force on Climate-related Financial Disclosures (TCFD) Report
28 Key Governance Policies
29 Environmental
30 Our Facilities and Initiatives
32 Migration to the Cloud
34 Driving Sustainable Travel
36 Climate Risk
37 Environmental Performance Metrics
I am proud to introduce this inaugural Sustainability Report for Sabre, following the publication
As our travel ecosystem continues of our ESG Executive Summary Report earlier this year. We have made considerable progress in
to change, I strongly believe there our corporate sustainability journey during 2022-2023, including:
are tremendous opportunities • Establishing a dedicated ESG team: We formalized the roles of our Chief Communications
for Sabre to address the evolving and Corporate Responsibility Officer, added a dedicated Global Director of Sustainability
demands of the travel marketplace. and a Head of Sustainability Communications, and established an executive-level council to
We operate in a huge, dynamically oversee Sabre’s ESG priorities and disclosures.
changing industry, where customers • Expanding our sustainability program: We engaged an external consultancy to help us
demand modern technologies that strengthen our current ESG management practices and develop a roadmap to implement
deliver innovation at pace and a more comprehensive, focused sustainability strategy. With this external support, we also
scale, but responsibly. With that evaluated our greenhouse gas (GHG) emissions, including identifying the most significant
comes significant opportunity to Scope 3 emissions categories and assessing other environmental data sources, to better
grow our business, and I believe measure and more accurately track our impact, which in turn, will guide our efforts in
a strong, clear sustainability decarbonization.
proposition underpinned by a • Strengthening our data tracking capabilities: We onboarded an enterprise software
focus on environmental, social and solution to help enhance the quality, reliability and future auditability of our sustainability-
governance (ESG) practices will related data and reporting.
further enable Sabre to realize • Aligning with relevant ESG frameworks: We aligned this inaugural report with leading
this opportunity. reporting standards and frameworks, notably the Sustainability Accounting Standards
Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD)
recommendations.
During this period, we have had to make challenging decisions, too. As announced in May 2023, we
made the difficult decision to reduce our total employee and contractor base. I have immense respect
for all my Sabre colleagues around the world, and this decision was not made lightly; however, I am
confident that these decisions will better position us for the future. As discussed in the Social section
of this report, we fully recognize that our employees are our greatest strength and endeavor to enable
them to thrive at Sabre.
Looking ahead, this report reflects only the beginning of our sustainability journey, and I am excited to
KURT EKERT
continue sharing our progress on this front. President and Chief Executive Officer
PEOPLE
Celebrate the diversity of our people to reflect
the world we serve.
PLANET
Make our impact meaningful while helping to preserve our
planet for future generations.
PROSPERITY
Use technology and collaboration to build a path to
prosperity, helping to enable a better future for all.
Dating back to 1960, Sabre was born out of a joint initiative between Sabre offers the travel industry’s broadest range of technology
American Airlines and IBM to create the world’s first computerized solutions, including data-driven business intelligence, mobile,
airline reservation system. We have now evolved into a technology distribution and Software as a Service (SaaS) solutions, used by travel
ecosystem that touches almost every stage of a traveler’s experience suppliers and buyers to plan, market, sell, serve and operate their
and aim to be the premier global technology platform in travel. businesses. Headquartered in Southlake, Texas, USA, Sabre serves
its customers through cutting-edge technology developed in facilities
Today, Sabre is investing in a technology transformation that will located around the world.
advance the intelligence behind our products and services, enabling
us to create a new travel marketplace in a cloud-based environment.
We are committed to helping customers operate more efficiently and
offer personalized traveler experiences by leveraging next-generation
technology applications such as artificial intelligence, machine
learning and real-time data and analytics.
IT Solutions: We offer a broad portfolio of software technology Sabre is committed to providing our customers
products and solutions to airlines and other travel suppliers and with products and services that help them promote
provide industry-leading and comprehensive software solutions responsible and sustainable travel, while driving
that help our customers better market, sell, serve and operate. Our down industry emissions; advocating for sustainable
products include reservation systems, commercial and operations business practices in travel and tourism; making a
products, agency solutions and data-driven intelligence. Our positive impact on our people and the communities
reservation system enables end-to-end retailing, distribution and we touch; and minimizing the environmental impact
fulfillment by providing airlines with a platform to house, enhance and of our global business operations.
personalize the customer experience.
$2.5B 6,300 51
2022 Revenue Employees Globally Offices Globally
As of October 2023 As of October 2023
SHAREHOLDERS
CUSTOMERS
EMPLOYEES
TRAVELERS
STRATEGIC
PARTNERS
Governance and
Nominating Committee
Gregg Saretsky (Chair)
Compensation Committee
John Scott, III (Chair)
As of 11/30/2023
6
Non-independent 4-7 Years
10 3
>7 Years
4 Women
4 50s
Men 60s
8 8
Our Board is composed of a diverse group of highly engaged and The Board of Directors remains focused on regular and thoughtful
qualified directors who we believe possess the skills and experiences refreshment to maintain a high level of experience and diversity
necessary to successfully oversee our business. The Board of of perspectives. Our goal is to ensure that we are continuously
Directors believes that having a mix of directors with diverse and bolstering the efficacy of the Board’s oversight abilities.
complementary qualifications is fundamental to its ability to
effectively carry out its oversight responsibilities. As cybersecurity continues to be an increasingly critical topic for
companies in our industry, we recognize the importance of having the
When evaluating candidates for nomination as new directors, experience and independent oversight necessary to help us oversee
the Governance and Nominating Committee considers a number and manage information technology and cybersecurity threats to
of attributes that it has identified as critical to the Board’s ability our business. To that end, our Board of Directors has members
to support Sabre’s strategies and business and ensure effective with significant cybersecurity experience, further expanding its
governance. The Governance and Nominating Committee also capabilities.
considers diversity of race, ethnicity, gender, age, education, skills and
cultural background when evaluating director candidates.
Risk oversight at the Board level is distributed across our full Board and each of its key committees. Our Board of Directors has the primary responsibility
for risk oversight of Sabre as a whole. In addition, the Board has delegated specific oversight responsibilities to the following committees:
Sabre maintains an enterprise risk management (ERM) program, which reports to our Chief Legal Officer and provides quarterly reports
which includes regular assessments of various significant strategic to the Audit Committee.
risks, including possible emerging risks. These assessments occur on
at least an annual basis. For more information about our management of climate-related risks
and opportunities, please refer to our TCFD Report in the appendix of
As part of the ERM process, Sabre’s leadership team (vice president this report.
and above) is asked to rank various risks faced by Sabre in terms
of likelihood of impact to Sabre as a whole, significance of the
impact and expected timing of the impact. The assessment includes
consideration of a broad spectrum of risks, including risks relating to
our business and industry; risks relating to technology and intellectual
property; risks relating to economic, political and global conditions;
and risks relating to our financial condition.
Identified risks are assessed through our ERM program. The results
of these assessments are shared with our Disclosure Committee and
the Audit Committee, with quarterly updates provided to the Audit
Committee regarding management’s approach to addressing the top
risks identified. We also maintain a dedicated compliance function,
ESG COUNCIL
NEW
Sabre policies are aligned with ISO 27001. The information security Further, Sabre is a PCI DSS Level 1 Service Provider and a PCI
requirements set forth in our policies have been selected based Participating Organization. An assessment is performed annually by a
on our overall business strategy and objectives and relevant legal, third-party Qualified Security Assessor to validate Sabre’s compliance
statutory, regulatory and contractual requirements. As these factors with the PCI DSS. All Sabre systems that handle, have access to, or
are expected to change over time, policies are reviewed and evaluated otherwise store, process or transmit cardholder data on behalf of our
at least annually. customers are in scope for this assessment.
Sabre has an established security and data privacy awareness and The Audit Committee reviews Sabre’s cybersecurity and other
training program that includes topical and role-based training, monthly information technology risks, controls and procedures. In addition,
simulated phishing campaigns and interactive discussion forums. We the Technology Committee, in coordination with the Audit Committee,
have partnered with third-party cybersecurity experts experienced in is responsible for periodically reviewing, appraising and discussing
global compliance training to develop relevant educational content. with management the quality and effectiveness of Sabre’s information
technology security, data privacy and disaster recovery capabilities.
All Sabre team members and contractors are required to complete
security and privacy training when hired and to renew training annually.
Team members are also required to acknowledge annually, in writing,
that they will comply with Sabre’s business ethics, information security
and data protection policies.
Sabre was one of the first companies in any industry to design and build a LEED campus as our corporate headquarters, and we continue to incorporate
energy and water conservation and waste reduction practices into our operations.
We maintain offices in multiple countries around the world, and we seek to model best practices across our global facilities to ensure ongoing energy,
carbon, waste and water efficiency and reductions. These include the use of natural lighting, low-energy fluorescent lighting, low-or-no water appliances
and low-water, heat tolerant, all-organic native outdoor landscaping and the broad use of recycled materials in our buildings. Our commitment to
sustainability extends to our employees as well—we expect all employees to perform their duties in line with our sustainability principles.
AIRLINE
Sabre’s Network Planning & Optimization suite includes a variety of
products to assist airlines in planning and optimizing their routes,
operations, and other core decisions, including products designed to
help airlines:
• Improve fuel efficiency by matching demand and capacity
• Reduce ferry flights by promoting optimal crew changes
• Minimize airport congestion, thereby reducing on-ground fuel
consumption
• Calculate optimal center of gravity for airplanes, reducing required
engine thrust and ultimately reducing fuel burn
We understand that physical risks such as inclement weather, For more information about our management of climate-related
natural or man-made disasters and the effects of climate change, risks and opportunities, please refer to our TCFD Report.
along with the potential costs and impacts of transitioning to a
low-carbon economy, can impact our business. We also recognize
the role we play in protecting our planet and helping to reduce
the effects of climate change. Thus, when assessing strategic
initiatives, we have not only considered the physical and transition
risks associated with climate change but also the opportunity for
Sabre to contribute to climate change mitigation efforts.
We understand that we can only effectively manage what we can Through this process, we have identified six of the 15 GHG Protocol
measure, and over the past year we have embarked on a thoughtful categories as relevant to Sabre: Category 1 (Purchased Goods &
approach to collecting and tracking ESG-related data within our Services); Category 2 (Capital Goods); Category 3 (Fuel and Energy
business and operations. This has included onboarding an enterprise Related Activities); Category 4 (Upstream Transportation and
software solution specific to ESG management and reporting. Distribution); Category 6 (Business Travel); Category 7 (Employee
Commuting).
In addition, Sabre engaged a third-party consultancy to assist in
determining the data sources required to calculate Scope 1 and 2 GHG GREENHOUSE GAS EMISSIONS
emissions and to conduct a Scope 3 screening in accordance with SCOPE 1 EMISSIONS 2022
the World Resource Institute/World Business Council for Sustainable Due to current data collection
Development (WRI/WBCSD) GHG Protocol Corporate Accounting Total Scope 1 limitations, no Scope 1 emissions have
been calculated for the year in review.
and Reporting Standard. Our methodology for calculating our GHG SCOPE 2 EMISSIONS
Data only collected from largest six offices. 2022
emissions is aligned with the WRI/WBCSD GHG Protocol’s Corporate
Total Scope 2
Standard. (Location-based method) 3,488.20 CO2e - MT
Total Scope 2
(Market-based method) 3,488.20 CO2e - MT
Our six largest offices are located in Southlake, TX; Montevideo, Uruguay; Krakow,
Poland; Richmond, United Kingdom; Bengaluru, India; and Singapore, Singapore.
We believe that in order to deliver excellence to our customers, it’s We have also contracted with Comparably, a workplace culture site
essential to foster growth, purpose, and connection among team and corporate brand reputation platform, to help our employees easily
members. Our people are the driving force behind making travel provide feedback.
happen, and as such, we prioritize employee engagement and culture
at Sabre. Additionally, we prioritize providing employees with internal
recognition for their hard work and encouraging them to recognize
Our employee engagement strategy is centered around four pillars of peers, teams and departments to help promote engagement and
global engagement that provide a variety of opportunities to develop satisfaction. A key part of our talent retention program has been to
professional skills, build community and engage in meaningful create specific benefits for early-career, mid-career and late-career
activities that connect team members with their passions and employees. Sabre also offers competitive salaries and generous paid
interests: time off, which allow us to hire, incentivize and retain high-caliber
• Inclusion Groups which support diversity and inclusion employees. Our commitment to our employees was recognized
• Communities of Practice which bring employees from similar in 2022 with the Best Company Culture and Best CEO awards by
professional disciplines together to foster development, Comparably, based on direct feedback from employees. Sabre was
innovation and collaboration rated in the top 50 of these categories among 70,000 companies.
• Clubs which help create a sense of community among our
employees and facilitate social interaction
• Support Networks which provide peer support on topics such as
health and wellness
61.8%
I am recognized at Sabre when 75.1% EMPLOYEE ENGAGEMENT SURVEY PARTICIPATION RATE
I do good work: of participants
strongly agree/agree 67%
OF TEAM MEMBERS ARE ENGAGED IN EITHER AN
INCLUSION GROUP, COMMUNITY OF PRACTICE, OR
SABRE WELL-BEING ADVOCACY NETWORK
At Sabre, we are committed to ensuring the health and wellbeing Sabre has also integrated health and safety throughout our global
of our employees, and we work to provide the necessary resources offices. Each of our six main corporate offices (Southlake, TX;
to help ensure that they thrive at Sabre. Our work-from-anywhere Montevideo, Uruguay; Krakow, Poland; Richmond, United Kingdom;
program provides employees additional flexibility in their working Bengaluru, India; and Singapore, Singapore) has an employee
environments and in turn creates less stress, a better work-life balance responsible for health and safety, and safety training is unique to each
and increased productivity. This allows us to create an environment region. We believe we go above and beyond government regulations
that delivers empowerment, innovation and performance. and work to create an environment where all of our employees
feel safe.
As a global company with 51 offices around the world, we believe person feels welcomed, respected, supported and valued. We
that inclusion and diversity (I&D) is critical to our success and that recognize that the meaning and focus of diversity differs by region,
different perspectives create innovative products and services. and thus our diversity efforts are guided by local leadership.
Sabre is dedicated to shifting the needle forward as we embrace
and continue to work towards greater diversity. We are committed
to providing a workplace free of discrimination and sexual
harassment, as well as harassment or discrimination based on race,
color, creed, religion, sex, national origin, marital status, age, sexual
orientation, gender identity characteristics or expression, genetic
information, physical or mental disability, pregnancy, medical
condition or any other basis protected by law.
Inclusion groups, each with at least two Executive Sponsors at the Sabre is also proud to announce that it has received a score of 95
helm, raise awareness, provide development workshops and build out of 100 on the 2023 Human Rights Campaign's (HRC) Corporate
community. They empower team members to shape Sabre into a Equality Index (CEI). The HRC, a foundation that advocates for
workplace where they can be their true selves, feel a sense of equal rights for LGBTQ+ employees, creates its annual CEI to
belonging, and perform at their best every day. help companies benchmark their performance related to LGBTQ+
workplace equality.
Male 61.3%
Female 38.2%
Other/Undeclared 0.5%
White 56.5%
Black/African American 4.4%
Hispanic/Latino 11.4%
Asian 25.6%
American Indian/Alaskan Native 0.4%
Native Hawaiian/Pacific Islander 0.0%
Two or More Races 1.6%
Not Disclosed/Not Available 0.1%
Sabre takes a holistic approach to engaging with our suppliers Sabre also recognizes the importance of supplier diversity, as we
and actively works to hold them to the highest ethical, social and believe that an inclusive supplier base can provide access to a wide
environmental standards. Our Supplier Code of Conduct outlines the range of capabilities and perspectives that can only strengthen our
minimum standards for conducting business in a safe and ethical ability to deliver excellence to our clients.
manner. We expect our suppliers to conduct their business in full
compliance with all international, national and local regulations
and to refrain from bribery, corruption and human rights violations.
Some of the environmental considerations we require from our
suppliers include a written environmental policy that addresses CO2
emissions, waste, energy, water and wood and paper management,
an individual or team to be responsible for environmental
management and an understanding of the risks and impacts
associated with their products.
As a global company, Sabre recognizes the importance of giving Since 2003, Sabre has donated over $20 million to charitable
back to our community and providing our employees with an organizations. Sabre Poland was recently recognized by U.S.
opportunity to do so as well. We do this by encouraging employee Ambassador Mark Brzezinski for its efforts to help the war
volunteerism on company time through one paid day off per quarter in Ukraine.
for community volunteering. Since 2003, Sabre employees have
logged more than 300,000 volunteer hours as part of Give Together,
our global corporate social responsibility (CSR) program.
317 2,536
TEAM VOLUNTEER
MEMBERS HOURS
Certain statements in this report are forward-looking statements or achievements to be materially different from any future results,
about trends, future events, uncertainties and our plans and performances or achievements expressed or implied by the forward-
expectations of what may happen in the future. Any statements that looking statements. The potential risks and uncertainties include,
are not historical or current facts are forward-looking statements. In among others, the impact and extent of the recovery from the effects
many cases, you can identify forward-looking statements by terms of the global COVID-19 pandemic on our business and results of
such as “guidance,” “target,” “on track,” “outlook,” “expect,” “believe,” operations, financial condition and credit ratings, as well as on the
“confident,” “well-positioned,” “momentum,” “trajectory,” “opportunity,” travel industry and consumer spending more broadly, the effect
“will,” “milestone,” “inflection point,” “prospective,” “focus,” “strategic,” of remote working arrangements on our operations and the speed
“commitment,” “upside,” “optimistic,” “long term,” “position,” “goal,” and extent of the recovery across the broader travel ecosystem,
“objective,” “pipeline,” “path,” “plan,” “progress,” “likely,” “future,” dependency on transaction volumes in the global travel industry,
“trend,” “anticipate,” “will,” “forecast,” “continue,” “estimate,” “project,” particularly air travel transaction volumes, including from airlines’
“possible,” “may,” “could,” “should,” “would,” “intend,” “potential,” or the insolvency, suspension of service or aircraft groundings, the effect
negative of these terms or other comparable terminology. Forward-
looking statements involve known and unknown risks, uncertainties Continues on next page >>
and other factors that may cause Sabre’s actual results, performance
The Sustainability Accounting Standards Board (SASB) is an independent, private sector organization with a mission to develop and disseminate
sustainability accounting standards that help public corporations disclose material, decision-useful information to investors. For additional information
on the SASB Standards, please visit sasb.org.
To support investors and stakeholders, Sabre has provided the following disclosures based on the SASB Standard for the Software & IT Services sector.
(1) Total energy consumed, (2) percentage TC-SI-130a.1 We do not currently track this data but are continuing to evaluate a
grid electricity, (3) percentage renewable process to do so in the future. In 2022 we onboarded an enterprise
software solution to help enhance the quality, reliability and future
auditability of our sustainability-related data and reporting, and we are
laying important foundations to enhance our risk management, data
collection, oversight approach, reporting and targets going forward.
(1) Total water withdrawn, (2) total water TC-SI-130a.2 We do not currently track this data but are continuing to evaluate a
consumed, percentage of each in regions process to do so in the future.
with High or Extremely High Baseline Water
Stress
Discussion of the integration of TC-SI-130a.3 We recognize the role we play in protecting our planet and helping to
environmental considerations into strategic reduce the effects of climate change. Thus, when assessing strategic
planning for data center needs initiatives, we have not only considered the physical and transition risks
associated with climate change but also the opportunity for Sabre to
contribute to climate change mitigation efforts.
For example, our 2017 decision to begin to shift strategically away from
a historically mainframe-centric transaction processing approach toward
a secure cloud-based processing platform was driven in part by the fact
that many of our legacy data centers were located in an area of the United
States particularly prone to severe weather incidents. Transitioning to
the cloud minimizes our exposure to potential extreme weather events
that can have a significant impact on our ability to continue serving our
customers. Additionally, with this initiative, we saw a strategic opportunity
for Sabre to significantly reduce its environment footprint.
Description of policies and practices TC-SI-220a.1 Sabre does not engage in the practice of behavioral advertising directly
relating to behavioral advertising and user and we prohibit any third parties from using third-party cookie information
privacy for behavioral advertising. We incorporate behavioral advertising risks
in our internal privacy impact assessments. Additional information on
this topic is available in our Privacy Statement and associated Cookie
Policies.
Number of users whose information is used TC-SI-220a.2 Not currently available.
for secondary purposes
DATA SECURITY
DATA SECURITY
Description of approach to identifying and TC-SI-230a.2 Sabre’s enterprise information security policies and standards are
addressing data security risks, including designed to provide administrative, logical, physical and technical controls
use of third-party cybersecurity standards that seek to protect the security and confidentiality of information and
assets, protect against reasonably anticipated threats or hazards to the
security or integrity of such information and assets and protect against
unauthorized access to or use of information and assets.
Sabre policies are aligned with ISO 27001. The information security
requirements set forth in our policies have been selected based on our
overall business strategy and objectives and relevant legal, statutory,
regulatory and contractual requirements. As these factors are expected to
change over time, policies are reviewed and evaluated at least annually.
Sabre engages third parties to perform independent assessments of its
cybersecurity capabilities on a periodic basis.
Employee engagement as a percentage TC-SI-330a.2 Results from Sabre’s 2022 Engagement Survey:
• I am recognized at Sabre when I do good work: 75.1% of participants
strongly agree/agree
• I have a clear and meaningful role and feel valued for contributing to
Sabre’s success: 79.7% of participants strongly agree/agree
• I have received candid, positive or constructive feedback within the
last 30 days: 78% strongly agree/agree
Percentage of gender and racial/ethnic TC-SI-330a.3 We do not currently disclose gender and racial/ethnic group
group representation for (1) management, representation by employee category. Below, we have disclosed our
(2) technical staff, and (3) all other global gender diversity and U.S. race and ethnic group representation.
employees
GLOBAL GENDER DIVERSITY U.S. RACE & ETHNICITY
(% OF TOTAL HEADCOUNT / FTE) (% OF U.S. HEADCOUNT / FTE)
(As of December 31, 2022) (As of December 31, 2022)
Total amount of monetary losses as a TC-SI-520a.1 Not meaningful; as noted on page 99 of Sabre's 2022 Form 10-K,
result of legal proceedings associated with monetary losses as a result of legal proceedings associated with
anticompetitive behavior regulations anticompetitive behavior regulations totaled $3.05 for the year in review.
(1) Amount of data storage, (2) percentage TC-SI-000.C Not currently available.
outsourced
The Financial Stability Board’s Task Force on Climate-related Financial Disclosure (TCFD) has developed a voluntary, consistent climate-related financial
risk disclosure for use by companies in providing information to investors, lenders, insurers and other stakeholders. For additional information on TCFD,
please visit fsb-tcfd.org.
Sabre’s TCFD report is organized around the framework’s four main tenets, which are governance, strategy, risk management, and metrics and targets.
GOVERNANCE
a) Describe the board’s oversight of climate- The Governance and Nominating Committee is responsible for overseeing Sabre’s ESG strategy and
related risks and opportunities initiatives and engaging with investors and other key stakeholders related to ESG matters.
The Governance and Nominating Committee receives a report on our ESG initiatives from our
Chief Communications and Corporate Responsibility Officer, on behalf of the ESG Council, at each
quarterly meeting. This information is shared with the full Board at every quarterly Board meeting.
We recognize the role we play in protecting our planet and helping to reduce the effects of climate
change. Thus, when assessing strategic initiatives, we have not only considered the physical and
transition risks associated with climate change but also the opportunity for Sabre to contribute to
climate change mitigation efforts.
GOVERNANCE
b) Describe management’s role in assessing Sabre recently expanded the mandate of our Chief Communications and Corporate Responsibility
and managing climate-related risks and Officer to serve as an internal champion for ESG, leading Sabre’s ESG strategy development and
opportunities execution. Sabre also recently announced a dedicated Global Director of Sustainability, who is
responsible for growing Sabre’s sustainability program and cementing Sabre’s commitment to
playing a leading role in enabling sustainable travel, and a Head of Sustainability Communications,
who is focused on building Sabre’s reputation as a purpose-led organization among key
stakeholders.
This new oversight includes the formation of a cross-functional, executive-level ESG Council to
resource and implement a strategic action plan across data management, risk management, policy
review and development and enterprise reporting activities.
As noted above, The Governance and Nominating Committee receives a report on our ESG
initiatives from our Chief Communications and Corporate Responsibility Officer, on behalf of the
ESG Council, at each quarterly meeting. This information is shared with the full Board at every
quarterly Board meeting.
STRATEGY
a) Describe the climate-related risks and As noted above, we recognize the role we play in protecting our planet and helping to reduce
opportunities in the short, medium, and the effects of climate change. Thus, when assessing strategic initiatives, we have not only
long term considered the physical and transition risks associated with climate change but also the
opportunity for Sabre to contribute to climate change mitigation efforts.
Our revenue is highly dependent on transaction volumes in the global travel industry, and
we recognize that there are various climate-related factors that may have a temporary or
sustained disruption to leisure and business travel, including: changing attitudes towards the
environmental costs of travel; and inclement weather, natural or man-made disasters and the
effects of climate change.
STRATEGY
a) Describe the climate-related risks and As a leader in the travel technology space, we recognize the opportunities and
opportunities in the short, medium, and responsibilities we have to advance global sustainability efforts. We seek to make our impact
long term meaningful while preserving our planet for future generations:
Focus on creating technology that can help reduce carbon emissions of the global
travel industry
• Put our planet at the heart of each of our existing and new technologies
b) Describe the impact of climate-related Technology is enabling travelers to make better choices when they travel by surfacing more
risks and opportunities on business, sustainable accommodation options, flights with a lower carbon footprint or rail alternatives.
strategy, and financial planning As we look to the future, we aim to contribute to decarbonization efforts within the travel
industry and are committed to acting responsibly and intentionally to better enrich our
communities.
As noted above, when assessing strategic initiatives, we have not only considered the
physical and transition risks associated with climate change but also the opportunity for
Sabre to contribute to climate change mitigation efforts. For example, our 2017 decision to
begin to shift strategically away from a historically mainframe-centric transaction processing
approach toward a secure cloud-based processing platform was driven in part by the fact
that many of our legacy data centers were located in an area of the United States particularly
prone to severe weather incidents. Transitioning to the cloud minimizes our exposure to
potential extreme weather events that can have a significant impact on our ability to continue
serving our customers. Additionally, with this initiative, we saw a strategic opportunity for
Sabre to significantly reduce its environment footprint.
STRATEGY
b) Describe the impact of climate-related In June 2023 Sabre announced a partnership with Google allowing us to integrate Google’s
risks and opportunities on business, Travel Impact Model to display the carbon footprint of flights on our systems, an important
strategy, and financial planning step in bringing sustainability information to the mainstream for corporate and leisure
travelers and advance the travel ecosystem toward a more sustainable future.
c) Describe the resilience of Sabre’s Sabre is in the process of growing our sustainability program and reviewing opportunities to
strategy, taking into consideration better position the company for a low-carbon future. We are still in the process of developing
different climate-related scenarios our climate change strategy.
STRATEGY
a) Describe the organization’s process of Sabre maintains an enterprise risk management (ERM) program, which includes regular
identifying and assessing climate-related assessments of various significant strategic risks, including possible emerging risks. These
risks assessments occur on at least an annual basis.
b) Describe the organization’s process As part of the ERM process, Sabre’s leadership team (vice president and above) is asked
for managing climate-related risks to rank various risks faced by Sabre in terms of likelihood of impact to Sabre as a whole,
significance of the impact and expected timing of the impact. The assessment includes
c) Describe how processes for identifying, consideration of a broad spectrum of risks, including risks relating to our business and
assessing, and managing climate-related industry; risks relating to technology and intellectual property; risks relating to economic,
risks are integrated into the organization’s political and global conditions; and risks relating to our financial condition.
overall risk management
Identified risks are assessed through our ERM program. The results of these assessments
are shared with our Disclosure Committee and the Audit Committee, with quarterly updates
provided to the Audit Committee regarding management’s approach to addressing the top
risks identified. We also maintain a dedicated compliance function, which reports to our Chief
Legal Officer and provides quarterly reports to the Audit Committee.
a) Disclose the metrics used by the We understand that we can only effectively manage what we can measure, and over the past
organization to assess climate-related year we have embarked on a thoughtful approach to collecting and tracking ESG-related data
risks and opportunities in line with its within our business and operations. This has included onboarding an enterprise software
strategy and risk management process solution specific to ESG management and reporting. This enterprise software solution will
help enhance the quality, reliability and future auditability of our sustainability-related data
and reporting. We look forward to continuing to enhance our reporting on these metrics in the
future.
Through this process, we have identified six of the 15 GHG Protocol categories as relevant
to Sabre: Category 1 (Purchased Goods & Services); Category 2 (Capital Goods); Category 3
(Fuel and Energy Related Activities); Category 4 (Upstream Transportation and Distribution);
Category 6 (Business Travel); Category 7 (Employee Commuting).
c) Describe the targets used by the Not currently available. In 2022 we onboarded an enterprise software solution to help
organization to manage climate-related enhance the quality, reliability and future auditability of our sustainability-related data and
risks and opportunities and performance reporting, and we are laying important foundations to enhance our risk management, data
against targets collection, oversight approach, reporting and targets going forward.