Mastercard

Mastercard, a US-based financial intermediation services company, has set ambitious targets for emissions reduction. The company aims for net-zero greenhouse gas emissions by 2040. To achieve this, Mastercard has established science-based targets to reduce its absolute emissions by 38% for Scope 1 and 2, and 20% for Scope 3 by 2025, using 2016 as a baseline year.

For the year 2025, Mastercard reported total emissions of approximately 465,219,000 kg CO2e. This includes Scope 1 emissions of approximately 3,444,000 kg CO2e, Scope 2 (market-based) emissions of approximately 1,705,000 kg CO2e, and Scope 3 emissions of approximately 457,043,000 kg CO2e. In 2024, total emissions were approximately 466,938,000 kg CO2e, with Scope 1 at approximately 2,962,000 kg CO2e, Scope 2 (market-based) at approximately 849,000 kg CO2e, and Scope 3 at approximately 463,976,000 kg CO2e. In 2023, the company reported total emissions of approximately 536,880,000 kg CO2e, comprising Scope 1 at approximately 3,556,000 kg CO2e, Scope 2 (market-based) at approximately 463,000 kg CO2e, and Scope 3 at approximately 505,491,000 kg CO2e.

Mastercard's Scope 3 emissions are predominantly driven by purchased goods and services. The company is actively engaged in climate initiatives, including commitments to the Science Based Targets initiative (SBTi) and the Climate Pledge. It has been noted that Mastercard is on track to meet its near-term targets for emissions reduction.