{"id":479347,"date":"2021-04-21T07:03:43","date_gmt":"2021-04-21T11:03:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-deepens-global-commitment-to-environmental-sustainability-with-pledge-to-reach-net-zero-emissions-by-2040\/"},"modified":"2021-04-21T07:03:43","modified_gmt":"2021-04-21T11:03:43","slug":"visa-deepens-global-commitment-to-environmental-sustainability-with-pledge-to-reach-net-zero-emissions-by-2040","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-deepens-global-commitment-to-environmental-sustainability-with-pledge-to-reach-net-zero-emissions-by-2040\/","title":{"rendered":"Visa Deepens Global Commitment to Environmental Sustainability with Pledge to Reach Net-zero Emissions by 2040"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Visa Deepens Global Commitment to Environmental Sustainability with Pledge to Reach Net-zero Emissions by 2040<\/b><\/p>\n<p class=\"bwalignc\"><i>Visa marks Earth Day 2021 with industry-leading milestones, innovative partnerships and initiatives toward its vision of a sustainable future <\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVisa (NYSE: V), a leading global payments technology company, announced today a new global commitment to reach net-zero emissions by 2040, and that the company achieved carbon neutrality across its operations in 2020.<sup>i<\/sup> Visa also outlined plans to become a climate positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company\u2019s own footprint.\n<\/p>\n<p>\n\u201cVisa is committed to creating a more sustainable future,\u201d said Al Kelly, chairman and chief executive officer of Visa. \u201cOur 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.\u201d\n<\/p>\n<p><b>Net-zero by 2040 \u2013 10 years ahead of Paris Climate Agreement goal<\/b><\/p>\n<p>\nAs part of the commitment to reach net-zero emissions by 2040, Visa announced it is a new signatory of The Climate Pledge, an initiative co-founded by Amazon and Global Optimism, as well as a new member of the Climate Business Network, a World Wildlife Fund (WWF) initiative to accelerate action toward a net-zero future. Visa\u2019s net-zero commitment is aligned with emerging global standards and definitions and will include efforts with suppliers to abate a significant portion of the greenhouse gas footprint of the company\u2019s purchased goods and services. Visa also has committed to set science-based targets through the Science Based Target initiative at the 1.5 degree Celsius ambition level. These new commitments join Visa\u2019s existing sustainability leadership, including its transition to 100 percent renewable electricity usage in 2020.\n<\/p>\n<p>\n\u201cThis 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,\u201d said Douglas Sabo, chief sustainability officer of Visa. \u201cBy prioritizing clean energy and sustainable practices, investing in environmentally innovative initiatives and engaging with corporate and civil society leaders on climate, we are committed to being a part of the global solution to climate change.\u201d\n<\/p>\n<p><b>Supporting Sustainable Commerce<\/b><\/p>\n<p>\nVisa is expanding its initiatives to use its products, services, network, data, payments expertise and brand to support sustainable commerce and the transition to a low-carbon economy. Today, Visa announced its collaboration with the Cambridge Institute for Sustainability Leadership (CISL) to work together to identify new opportunities to apply electronic payments capabilities and the Visa network toward realizing a sustainable future. Results of the collaboration are anticipated in Summer 2021.\n<\/p>\n<p>\nVisa\u2019s collaboration with CISL complements the company\u2019s efforts to work across its network to support a low-carbon future, including:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nPartnerships advancing sustainable payment cards and accounts\n<\/li>\n<li>\nGlobal initiatives supporting sustainable behaviors, such as in mobility and travel\n<\/li>\n<li>\nDeveloping sustainable insights to support stakeholders in commerce in understanding consumer barriers and drivers of sustainable living behaviors\n<\/li>\n<li>\nUsing the brand\u2019s platforms to inspire sustainable living among millions of consumers\n<\/li>\n<\/ul>\n<p>\nVisa\u2019s new goals and efforts to support sustainable commerce build upon the company\u2019s existing recognized industry leadership in sustainability, including inclusion on the following: Dow Jones Sustainability North American Index, America\u2019s Most Responsible Companies, 100 Best Corporate Citizens and 100 Most Just Companies.\n<\/p>\n<p>\nFor more information, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fvisa-everywhere%2Fblog%2Fbdp%2F2021%2F04%2F15%2Fsustainable-commerce-and-1618453815474.html&amp;esheet=52415072&amp;newsitemid=20210421005395&amp;lan=en-US&amp;anchor=https%3A%2F%2Fusa.visa.com%2Fvisa-everywhere%2Fblog%2Fbdp%2F2021%2F04%2F15%2Fsustainable-commerce-and-1618453815474.html&amp;index=1&amp;md5=e3b93246c769a9430eb721cf99004cbf\">https:\/\/usa.visa.com\/visa-everywhere\/blog\/bdp\/2021\/04\/15\/sustainable-commerce-and-1618453815474.html<\/a>.\n<\/p>\n<p><b>About Visa Inc.<\/b><\/p>\n<p>\nVisa is the world\u2019s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network \u2013 enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company\u2019s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fusa.visa.com%2Fabout-visa.html&amp;esheet=52415072&amp;newsitemid=20210421005395&amp;lan=en-US&amp;anchor=usa.visa.com%2Fabout-visa.html&amp;index=2&amp;md5=a3ef8c0d13986e38a281f13a7e6c625c\">usa.visa.com\/about-visa.html<\/a>, usa.<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fvisa.com%2Fvisa-everywhere%2Fblog.html&amp;esheet=52415072&amp;newsitemid=20210421005395&amp;lan=en-US&amp;anchor=visa.com%2Fvisa-everywhere%2Fblog.html&amp;index=3&amp;md5=db57f42fdeaae0badb3e905ff310df57\">visa.com\/visa-everywhere\/blog.html<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FVisaNews&amp;esheet=52415072&amp;newsitemid=20210421005395&amp;lan=en-US&amp;anchor=%40VisaNews&amp;index=4&amp;md5=57790c2392224b1b75637e23647a2f91\">@VisaNews<\/a>.\n<\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as \u201cwill,\u201d \u201cplans,\u201d \u201cis expected,\u201d and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of taking actions related to our strategy, plans for future climate initiatives and goals, and the potential impact of our actions. By their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from Visa\u2019s forward-looking statements due to a variety of factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020, and our other filings with the U.S. Securities and Exchange Commission. You should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.\n<\/p>\n<hr \/>\n<p><sup>i<\/sup> This carbon neutrality achievement covers greenhouse gas emissions footprint from Visa\u2019s Scope 1 (owned source), Scope 2 (purchased electricity) and business travel and employee commuting elements of Scope 3 (value chain) emissions. Scopes 1, 2 and 3 are as defined by the Greenhouse Gas Protocol of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210421005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210421005395\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210421005395\/en\/<\/a><\/span><\/p>\n<p><b>Visa Media<br \/>\n<\/b><br \/>Lindy Mockovak<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:lindy.mockovak@visa.com\">lindy.mockovak@visa.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Environment Technology Finance Banking Other Technology Professional Services Software Alternative Energy Energy Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Visa Deepens Global Commitment to Environmental Sustainability with Pledge to Reach Net-zero Emissions by 2040 Visa marks Earth Day 2021 with industry-leading milestones, innovative partnerships and initiatives toward its vision of a sustainable future SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Visa (NYSE: V), a leading global payments technology company, announced today a new global commitment to reach net-zero emissions by 2040, and that the company achieved carbon neutrality across its operations in 2020.i Visa also outlined plans to become a climate positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company\u2019s own footprint. \u201cVisa is committed to creating a more sustainable future,\u201d said Al Kelly, chairman and chief executive officer of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-deepens-global-commitment-to-environmental-sustainability-with-pledge-to-reach-net-zero-emissions-by-2040\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Visa Deepens Global Commitment to Environmental Sustainability with Pledge to Reach Net-zero Emissions by 2040&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479347","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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