EXO Foundation has partnered with UnTours Foundation on a microfinance initiative that will empower EXO Travel’s network of tourism partners to invest in a greener future.
The UnTour Foundation’s Reset Tourism Fund will provide accessible and flexible financial resources to select suppliers within EXO Travel’s network of tourism partners. These funds can be used to invest in a variety of green initiatives, helping the business transition towards more sustainable practices.
UnTours Foundation is a non-profit organisation dedicated to advancing sustainable tourism practices and supporting local communities around the world. Their Reset Tourism Fund uses microfinance to support these efforts. By tapping into their experience, EXO Foundation expects the partnership will create a lasting positive impact on the future of our destinations.
‘Our partnership with UnTours Foundation reinforces our commitment to fostering sustainable practices within the tourism industry’, adds Charlotte Piffard, EXO Foundation Leader. ‘We want to give the opportunity for companies in our supply chain to invest in greener operations and contribute to a more sustainable future, in turn, contributing to reducing the overall carbon footprint of EXO Travel’.
This innovative collaboration has the potential to create a lasting positive impact on the future of tourism in Southeast Asia. Read on to learn more.
This targeted support will help tourism businesses reduce their environmental footprint while strengthening their long-term viability.
How it works
Many small and medium-sized tourism businesses (SMEs) in Southeast Asia lack access to the financial resources they need to transition towards more sustainable practices.
This lack of access to microfinance creates a significant barrier in advancing sustainability in the region. Even with the best intentions, these businesses often struggle to invest in energy-efficient technologies, implement waste reduction strategies or adopt other eco-friendly practices.
The Reset Tourism Fund will provide microfinance to select suppliers in EXO Travel’s network to invest in a variety of green initiatives, including:
- Energy-efficient technologies
- Waste reduction strategies
- Implementation of other environmentally friendly practices
This targeted support will help tourism businesses reduce their environmental footprint while strengthening their long-term viability.
The Reset Tourism Fund will empower small tourism businesses in EXO’s network thrive in a sustainable and equitable tourism landscape.
A sustainable future, together
The Reset Tourism Fund is designed to be more than just a one-time financial boost. The funds are intended to be reinvested as returns are generated, creating a continuous cycle of support for future sustainability initiatives.
The combined expertise of EXO Foundation and UnTours Foundation is what makes this program truly powerful.
Together, we’ll be working closely to:
- Identify and engage with EXO Travel’s local partners
- Evaluate investment opportunities
- Provide ongoing support and guidance to investees
As a result, we are confident the Reset Tourism Fund – Asia will empower small tourism businesses in EXO’s network thrive in a sustainable and equitable tourism landscape.
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