Visa

Visa's reported carbon emissions

Visa, headquartered in the US, has established comprehensive climate commitments, aiming for net-zero emissions across its value chain by 2040. This ambitious target aligns with the Science Based Targets initiative (SBTi) net-zero framework. For the fiscal year 2023, Visa reported a total of approximately 460.3 million kg CO2e emissions. This figure is broken down as follows: * **Scope 1:** Approximately 10.3 million kg CO2e. * **Scope 2 (Market-based):** Approximately 0.3 million kg CO2e. * **Scope 3:** Approximately 409.5 million kg CO2e, with purchased goods and services being the largest contributor at approximately 345.3 million kg CO2e. Visa has set near-term reduction targets as well. By fiscal year 2030, they aim to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% from a fiscal year 2020 base year. Concurrently, they aim for a 42% reduction in absolute Scope 3 GHG emissions within the same timeframe. These targets are validated by the SBTi and considered consistent with a 1.5°C warming pathway. The company has also committed to reducing absolute Scope 1 and Scope 2 GHG emissions by 81.22% by fiscal year 2030 from a fiscal year 2019 base year, with a corresponding 46.2% reduction in Scope 3 emissions. Furthermore, long-term targets include a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by fiscal year 2040 from a fiscal year 2019 base year, encompassing land-related emissions and removals. Visa is a signatory to the Climate Pledge, reinforcing its commitment to decarbonisation efforts.