Tourism as a shared mission

However, its rapid expansion also presents social and environmental challenges that must be addressed collectively. Tourism accounts for 8.8%* share of global GHG emissions with reported emissions in 2023 amounting to 3,410 million tons CO2 equivalentGG. With further expected growth in global travel in the coming years, the environmental impacts of tourism pose significant challenges in regions vulnerable to climate change.

The increasing evidence of climate change and its impact on tourism coincides with a rising global demand for sustainable tourism and responsible practices.

In this context, TDF is committed to promoting sustainable tourism practices that support the goals of the National Tourism Strategy. By directing capital into eco-conscious, socially inclusive projects and supporting local spending, the Fund is enabling a sustainable tourism ecosystem that delivers economic value while safeguarding cultural heritage, fostering adventure tourism, and empowering community engagement. In addition, TDF has a clear ESG strategy that embeds sustainable practices into its internal processes and within its decision making.

Tourism’s future depends on collective action. Through close collaboration with public and private stakeholders, the Fund is advancing a shared mission - building a sustainable, resilient, and competitive tourism sector that benefits both present and future generations.