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American International Group Inc. said Monday its scope 1 and 2 carbon emissions increased in 2021 but stayed below pre-pandemic levels due to real estate consolidation.
AIG reduced its New York-area office spaces from seven properties to three in downtown and midtown New York City and Jersey City, New Jersey, last year.
AIG’s emissions from business travel also tripled in 2021 as pandemic restrictions eased.
Carbon emissions from business travel increased to 4,410 metric tons of carbon dioxide equivalent in 2021, versus 1,394 in 2020, according to AIG’s second environmental, social and governance report released Monday.
AIG had reported a 97% drop in carbon emissions from business travel in 2020 due to the shift to work from home.
AIG’s overall estimated scope 3 emissions, which include business travel, increased by 20% in 2021 compared with the prior year. The increase was primarily due to improvements in data coverage and the inclusion of four additional scope 3 sources as well as the increase in business travel, AIG said.