Visa
Visa Inc., a global leader in digital payments, is headquartered in the United States and operates extensively across North America, Europe, Asia, and beyond. Founded in 1958, Visa has transformed the financial landscape, pioneering innovations in electronic payment systems. The company primarily focuses on facilitating secure and efficient transactions through its core products, including credit, debit, and prepaid cards, as well as advanced payment solutions like Visa Direct. What sets Visa apart is its vast network, connecting millions of merchants and financial institutions worldwide, ensuring seamless payment experiences. With a strong market position, Visa consistently ranks among the top payment processors globally, recognised for its commitment to security and innovation. Notable achievements include the introduction of contactless payments and a robust fraud prevention system, solidifying its reputation as a trusted partner in the financial services industry.
DitchCarbon Score
How does Visa's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Visa's score of 83 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Visa's reported carbon emissions
In 2023, Visa reported total carbon emissions of approximately 429,800,000 kg CO2e, with emissions distributed across various scopes: 10,300,000 kg CO2e from Scope 1, 30,000 kg CO2e from Scope 2 (market-based), and a significant 409,500,000 kg CO2e from Scope 3. The Scope 3 emissions included 32,900,000 kg CO2e from business travel and 23,100,000 kg CO2e from employee commuting. Visa has set ambitious climate commitments, aiming for net-zero emissions by 2040, which encompasses all scopes of emissions. This target aligns with the Science Based Targets initiative (SBTi) framework. Specifically, Visa aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by FY2030 from a FY2020 baseline, and Scope 3 emissions by 42% within the same timeframe. Furthermore, Visa's long-term goal includes a 90% reduction in absolute emissions across all scopes by 2040, using FY2019 as the baseline year. These commitments reflect Visa's proactive approach to sustainability and its recognition of the need for significant reductions in carbon emissions to combat climate change effectively.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Visa is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
