Governance in Travel & Tourism
Governance is one of the three pillars of ESG. Governance assesses how a company uses policies and controls to inform business decisions, comply with the law, and meet obligations to stakeholders. Governance failures (for example, aggressive tax avoidance, corruption, excessive executive pay, or relentless lobbying) cause reputational harm and loss of trust. Companies in every sector, including travel & tourism, will need to make concerted efforts to improve their performance across all three ESG measures.