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Financial Intermediation
US
updated 4 days ago

Visa

Company website

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.

83

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.

30

Industry Benchmark

Visa's score of 83 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.

91%

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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 include 32,900,000 kg CO2e from business travel and 23,100,000 kg CO2e from employee commuting, highlighting the substantial impact of indirect emissions associated with its operations. Visa has set ambitious climate commitments, aiming for net-zero emissions by 2040 across all scopes, which encompasses both direct operations and its supply chain. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% and Scope 3 emissions by 42% by 2030, using 2020 as the base year. Additionally, Visa's long-term goals include a 90% reduction in absolute emissions across all scopes by 2040, with specific targets of 81.22% reduction in Scope 1 and 2 emissions by 2030 from a 2019 base year. These commitments align with the Science Based Targets initiative (SBTi) framework, reinforcing Visa's dedication to addressing climate change and reducing its carbon footprint effectively. The data presented is sourced directly from Visa Inc., with no cascaded emissions data from parent or related organizations.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

200920102011201220132014201520162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Visa's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Visa is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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