KATHMANDU, JUNE 25

Intrepid Travel, a global leader in responsible tourism and a certified B Corp, has been recognized for its outstanding contribution to advancing a sustainable travel industry.

TIME unveiled its third-annual TIME100 Most Influential Companies list, highlighting companies that have made extraordinary impact around the world.

Intrepid is the only tour operator and experience provider on this year's list and has been recognized alongside other notable innovators and leaders in business including Disney, Apple and Patagonia.

According to TIME: "People want to travel more responsibly-both environmentally and socially-and business is booming for the certified B Corp, which saw record-breaking booking days after launching a flight-free program (and more than 100 Indigenous-led tours) last year. The carbon-neutral company was the first global tour operator to establish verified, science-based carbon-reduction targets."

"This honor is a testament to the power of travel; not only does exploring the world provide thought-provoking, incredible, fun experiences – it also has the power to transform our world and create more resilient communities," said James Thornton, CEO of Intrepid Travel.

"This proves that our style of locally led, small-group adventures is no longer a 'niche'. Our way of traveling is actually helping to shape the future of travel. As an industry, we can support more responsible travel habits and make a substantial difference by using our collective power, influence and voice to help make the world a better place," he added.

To assemble the list, TIME solicited nominations from its global network of contributors and correspondents as well as from outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward.