Visa Canada Corporation Sustainability Profile
Visa Canada Corporation, a subsidiary of the global payments technology leader Visa Inc., is headquartered in Canada. Established in 1966, the company has significantly shaped the financial services landscape, providing innovative payment solutions across the nation. With a strong presence in major operational regions, Visa Canada focuses on facilitating secure electronic payments, enhancing consumer experiences, and supporting businesses of all sizes. The company’s core offerings include credit, debit, and prepaid card services, distinguished by their advanced security features and widespread acceptance. Visa Canada holds a prominent market position, recognised for its commitment to technological innovation and customer service excellence. As a key player in the payments industry, Visa Canada continues to drive growth and transformation in the way Canadians transact.
DitchCarbon Score
How does Visa Canada Corporation'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 Business Services 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 Canada Corporation's score of 81 is higher than 90% 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 Canada Corporation, headquartered in Canada, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. However, as a current subsidiary of Visa Inc., it inherits climate commitments and reduction initiatives from its parent company. Visa Inc. has established significant climate commitments, including science-based targets for emissions reductions, which are cascaded down to Visa Canada Corporation. These initiatives encompass various frameworks such as the Science Based Targets initiative (SBTi), CDP, and RE100, all aimed at reducing the overall carbon footprint and promoting sustainability within the organisation. While specific reduction targets for Visa Canada Corporation are not detailed, the overarching goals set by Visa Inc. reflect a commitment to addressing climate change and reducing greenhouse gas emissions across all scopes. This includes efforts to enhance energy efficiency and transition to renewable energy sources. In summary, while Visa Canada Corporation does not provide specific emissions data, it aligns with the climate strategies and targets set by Visa Inc., demonstrating a commitment to sustainability and responsible corporate practices in the face of climate change.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Visa Canada Corporation's Industry?
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Visa Canada Corporation's Scope 3 Categories Breakdown
Visa Canada Corporation's Scope 3 emissions, which increased by 50% last year and decreased by approximately 3% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 84% of Scope 3 emissions.
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Visa Canada Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Visa Canada Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
