Visa

Visa, a financial intermediation services company based in the US, has demonstrated a commitment to climate action through comprehensive emissions reporting and ambitious reduction targets.

Emissions Data:

• 2025: Total reported emissions were approximately 685.3 million kg CO2e. This comprised Scope 1 emissions of approximately 12.6 million kg CO2e, Scope 2 emissions (market-based) of about 369,000 kg CO2e, and Scope 3 emissions totalling approximately 611.3 million kg CO2e. The largest contributor to Scope 3 emissions was purchased goods and services, accounting for around 521.1 million kg CO2e.
• 2024: Total emissions were approximately 690.2 million kg CO2e, with Scope 1 at approximately 13.5 million kg CO2e, Scope 2 (market-based) at about 25,000 kg CO2e, and Scope 3 at approximately 613.2 million kg CO2e.
• 2023: Total emissions amounted to approximately 592.8 million kg CO2e. Scope 1 emissions were about 15.9 million kg CO2e, Scope 2 (market-based) was approximately 832,000 kg CO2e, and Scope 3 emissions totalled roughly 575 million kg CO2e.
• 2022: Total emissions were approximately 540.4 million kg CO2e. Scope 1 emissions were around 12.8 million kg CO2e, Scope 2 (market-based) was approximately 2.3 million kg CO2e, and Scope 3 emissions were approximately 525.3 million kg CO2e.
• 2021: Total emissions were approximately 424.1 million kg CO2e, with Scope 1 at about 9.6 million kg CO2e, Scope 2 (market-based) at roughly 1.8 million kg CO2e, and Scope 3 at approximately 412.7 million kg CO2e.
• 2020: Total emissions were approximately 508.1 million kg CO2e. Scope 1 emissions stood at approximately 9.4 million kg CO2e, Scope 2 (market-based) at about 3.9 million kg CO2e, and Scope 3 at approximately 498.7 million kg CO2e.
• 2019: Total emissions were approximately 644.9 million kg CO2e. Scope 1 emissions were about 13.7 million kg CO2e, Scope 2 (market-based) was approximately 29.3 million kg CO2e, and Scope 3 emissions totalled roughly 631.2 million kg CO2e.

Climate Commitments and Reduction Targets:

Visa has established significant climate commitments, including:

• Net-Zero by 2040: Visa has set a goal to achieve net-zero emissions across its value chain by 2040, aligned with the Science Based Targets initiative (SBTi) net-zero framework. This commitment encompasses Scope 1, 2, and 3 emissions.
• Near-Term Reductions:
  • A commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by FY2030 from a FY2020 base year.
  • A commitment to reduce absolute Scope 3 GHG emissions by 42% by FY2030 from a FY2020 base year.
  • Separately, based on a FY2019 base year, Visa commits to reduce absolute Scope 1 and 2 GHG emissions by 81.22% by FY2030 and absolute Scope 3 GHG emissions by 46.2% within the same timeframe. Long-term targets also include reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2040 from a FY2019 base year.
• Climate Pledge: Visa is a signatory to the Climate Pledge, committing to reach net-zero carbon emissions by 2040.

These targets are supported by ongoing emissions monitoring and reporting, reflecting Visa's dedication to environmental stewardship within the financial intermediation services sector.