Banking And Finance
Visa, the leading global payments technology company, has announced its commitment to reach net-zero emissions by 2040. The company has already achieved carbon neutrality across its operations in 2020. Visa also has plans to become a climate-positive company through new partnerships and initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company’s footprint.
“Visa is committed to creating a more sustainable future. Our new net-zero commitment and enhanced efforts across our network in support of sustainable initiatives are immediate ways we will achieve our goals to help build a better future for our planet,” said Al Kelly, chairman, and chief executive officer of Visa.For the commitment to reach net-zero emissions by 2040, Visa is now a new signatory of The Climate Pledge, an initiative co-founded by Amazon and Global Optimism, as well as World Wildlife Fund (WWF) initiative.
Visa will be setting science-based targets through the Science Based Target initiative at the 1.5 degree Celsius ambition level. These new commitments join Visa’s existing sustainability leadership, including its transition to 100 percent renewable electricity usage in 2020.
“This Earth Month Visa is using the power of our network to accelerate transformation in sustainability and economic recovery while helping ensure that the planet and economies around the world thrive,” said Douglas Sabo, chief sustainability officer of Visa. Visa is accelerating its initiatives to use its products, services, network, data, payments expertise, and brand to support sustainable commerce and transition to a low-carbon economy.