He concedes that sustainability is not the reason for booking a trip for the first time for most consumers but “it might very much be a reason why they repeat because they’re aware of our sustainability credentials and they’ve had a great experience”.
In 2018, Intrepid became one of travel’s first B Corp Certified businesses, and will recertify for a second time this year. As the operator prepares to go through the process for a third time, Thornton insists no one is resting on their laurels, adding he sees it as an opportunity for the business.
“Back then, we had 21 legal entities to get through the process,” he explains. “Now it’s 56. We see the independent certification as a roadmap to keep improving.
“[Being] B Corp Certified also helps us attract quality people to the company,” Thornton continues, adding that around 10% of those people working for Intrepid – some 421 employees – hold shares in the company.
Thornton acknowledges a rise in Intrepid’s 2023 carbon emissions compared with 2022 despite its commitment to science-based carbon reduction targets requiring the operator to halve its emissions by 2035 and be net zero by 2050.
“The first thing is just carrying an enormous number of more customers. We’re also now reporting the five acquired businesses [during the pandemic], that have never had carbon reporting before.”
The challenge is getting tougher as reporting gets more sophisticated, Thornton says, highlighting how Intrepid has commissioned PwC to provide independent assurance of its environmental performance.
“We’re now moving into a world led by European legislation – within five years, carbon emissions will have to be reported in a similar way to financials so we’re trying to get ahead of that curve,” he explains.