TFWA sustainable development charter

Article 1: Introduction

TFWA’s Management Committee decided on 19 March 2010 to make a firm commitment towards sustainable development and to implement a specific action plan in a bid to limit the impact of the association’s current and future negative environmental footprint.

Article 2: Relation to TFWA's CSR Policy

TFWA’s commitment to adopt a more responsible approach to the environment is part of a broader approach to « Corporate Social Responsibility », following on from the various initiatives undertaken under the auspices of « TFWA Care » and through the association’s interest in the safety of all personnel working directly or indirectly on the events which the association organises.

Article 3: Relation to TFWA's Financial Objectives

Financial performance is a vital element for sustainable development. Inversely too, sustainable development is a means to improve financial performance of the Association and stakeholder companies.

TFWA is conscious of the need to continue fulfilling its mission in the interest of its members and TFWA reaffirms that it is fully committed to maintaining the best possible financial performance.

Article 4: Continuous Improvement

Adopting a sustainable development programme is a process of continuous improvement, with short-term, medium-term and long-term objectives and with no specific time limit.

Each objective will have a series of performance indicators to measure the results achieved and to adjust the action plan accordingly if necessary.

Article 5: Communicating the Charter

Given the association’s leading position, TFWA wishes to act as “a catalyst for awareness and responsibility” among both its members and more broadly, within the duty free and travel retail industry.

Consequently, TFWA intends to communicate responsibly on its objectives and actions in a bid to promote a set of guidelines among its team members, participants in the events it organises as well as all partners and service providers. A plan of action for this will be prepared.

Article 6: Environmental Impact of Events

TFWA is committed to compensate either totally or partially its carbon footprint through official programmes which aim to reduce carbon dioxide emissions in other regions of the world or through approved reforestation programmes. TFWA will measure the impact of its events in terms of carbon emissions. This calculation will only take those emissions produced on site at the events organised.*

* The aim of the events TFWA produces is to bring together in one place and at one time all industry stakeholders in order to provide best possible opportunities for industry growth. Impact of the participants’ travel to the events themselves will not be taken into account.