One of the travel industry’s most environmentally focused tour operators, Intrepid, is scrapping carbon offsets and abandoning its emissions targets as unreachable.

The Australian-headquartered global travel company said it would instead invest A$2m (£980,000) a year in an audited “climate impact fund” supporting immediate practical measures such as switching to electric vehicles and investing in renewable energy.

Intrepid, which specialises in small group tours, said it was stopping carbon offsets and “stepping away” from the Science Based Targets initiative (SBTi), after having committed to 2030 goals monitored by the climate-certification organisation five years ago.

In an open letter to staff, the Intrepid co-founder and chair, Darrell Wade, and the chief executive, James Thornton

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