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 80 is higher than 99% 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 429,500,000 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 across all scopes. This target aligns with the Science Based Targets initiative (SBTi) framework, which includes a near-term goal of reducing absolute Scope 1 and 2 emissions by 50% by FY2030 from a FY2020 baseline, and a 42% reduction in Scope 3 emissions within the same timeframe. Additionally, Visa achieved carbon neutrality across its operations in 2020, marking a significant milestone in its sustainability journey. The company is committed to ongoing energy efficiency initiatives and transitioning to 100% renewable electricity, with limited use of carbon offsets to cover residual emissions. Visa's long-term strategy includes a 90% reduction in absolute emissions across all scopes by 2040, further demonstrating its dedication to addressing climate change and reducing its environmental impact.
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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 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | - | 000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 000,000,000 | 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.
