As world leaders come together for the UN Climate Change Conference (COP26), Mastercard unveiled an acceleration of its net zero timeline by a decade, from 2050 to 2040.
It is also scaling its sustainable solutions to customers across Europe and Latin America, including Banco de Costa Rica, ekko, Gránit Bank, and Sberbank, which have all signed on to adopt the Mastercard Carbon Calculator.
As part of its net zero strategy, Mastercard had already committed to meet its existing science-based targets (SBTi) for greenhouse gas reduction, which are aligned to the United Nations Business Ambition for a 1.5°C future. The company transitioned to 100% renewable energy in 2018 for its operations, and its emission reduction strategy primarily centers on further decarbonization across its value chain, including Scopes 1, 2 & 3 emissions.
Read the full release here.
Published Nov 1, 2021 12pm EDT / 9am PDT / 4pm GMT / 5pm CET