Smart watches and fitness straps are becoming increasingly integrated into the world of fashion as minimalist accessories.
We believe it’s our responsibility to take care of the planet—from managing our own footprint when it comes to climate, waste and water to using our solutions and technologies to contribute to a sustainable future. We place a priority on climate change and recently became the first payments company to set a science-based target, which ensures that our actions help the world meet the goals outlined in the Paris Agreement. Our approach to environmental stewardship focuses on four main areas: energy efficiency and green building, renewable energy, addressing our supply chain impacts and contributing environmentally conscious solutions.
At Mastercard, our first priority is continuously improving the environmental footprint of our offices and operations. The next step is ensuring our electronic payment solutions are built on a sustainable foundation by increasing the energy efficiency of our network and data centers and by investing in renewable resources. We also look to our supplier base.
- Mastercard is first in the payments industry to receive external validation for our science-based target to reduce our Scope 1, 2 and 3 greenhouse gas (GHG) emissions 20% by 2025 based on a 2016 base year.
- By the end of 2018, we had reduced our Scope 1, 2 and 3 emissions by 42% from our base year (2016), and we are continuing to reduce emissions toward our 2025 target.
- We source renewable energy for 100% of our global operations, and we are committed to maintaining this goal on an ongoing basis, even as our energy footprint expands.
- In 2018, our on-site solar arrays generated 1,725,808 kilowatt-hours of renewable energy, or 9.6% of the electricity consumed at our technology headquarters in Missouri and at our global headquarters in Purchase, New York, outperforming our projected annual creation of 1.3 million kWh.
- 79% of our owned and operated facilities’ total square footage is either green-building certified or located in a building that achieved green certification in that area of the world. This includes our LEED Gold certified headquarters in Purchase and LEED Platinum data center in O'Fallon.
- To support our Scope 3 emissions targets, we are working with suppliers on their climate initiatives.
In 2018, we invited suppliers that represented approximately 65% of our global procurement spend to report to the CDP. For 2019, we increased the proportion invited to approximately 85% of our global procurement spend to drive progress toward our 2025 science-based target reduction goal.
- In 2018, we exceeded our goal of recycling, diverting or composting 70% of waste generated in our owned facilities; We diverted 77% of waste from landfills. Based on this success, we have updated our 2019 goal and intend to recycle, divert or compost 80% of the waste generated in the facilities we own.
- We support our employees’ green transportation choices by providing bicycle allowances, shuttle-bus services and car-charging stations (including new stations added in 2018 at two of our U.S. offices and at our office in Belgium, plus charging stations available at other leased office spaces outside the U.S).
Beyond managing our own environmental footprint, we take advantage of opportunities to apply our people, assets and innovation toward a more sustainable future.
- Mastercard joined with card manufacturers Gemalto, Giesecke+Devrient and IDEMIA to launch the Greener Payments Partnership (GPP). Its mission is to reduce first-use polyvinyl chloride (PVC) in all cards and to research alternative materials for cards, including recyclable, bio-sourced and biodegradable materials. While plastic used in payment cards represents only 0.01% of plastic volume, we intend to do our part.
- We partnered with M-KOPA Solar and Centenary Bank to use Mastercard's Quick Response (QR) payment technology in Uganda giving more people a simple, pay-as-you-go (PAYG) option to purchase M-KOPA's affordable, safe and clean solar energy.
- We are partnering with more than 150 global cities to make public transit management smarter and more efficient. We are also working to encourage ridership and boost transit systems' capacity to meet growing demand. With our solutions, people can use payment cards or mobile devices as the only tickets they need to get around – by train, bus, ferry or bike-share.
- We have also partnered with the Technology & Entrepreneurship Center at Harvard (TECH), which is hosting a series of programs for global city leaders to identify common challenges, discuss solutions, share data and exchange insights related to urban planning, mobility services and more.
- We joined the Steering Committee of the UN Global Compact Cities Programme (the Global Compact's urban arm), through which city and regional governments collaborate with the private sector and civil society to address complex global challenges on a local level.
Mastercard’s ‘Relaunch your Career’ program helps people who have taken a break in their career to return to the world of work, through training and coaching.