Visa pledges to reach net zero by 2040

The firm aims to become a climate-positive company through new partnerships and initiatives

Festival Net Zero 2021

Payments technology company Visa has committed to reach net zero global emissions by 2040.

The firm outlined plans to become a ‘climate-positive’ company through new partnerships and initiatives, a few months after it achieved carbon-neutrality in its operations.

As part of the net zero pledge, the company joined The Climate Pledge, an initiative co-founded by Amazon and Global Optimism.

It has also become a member of the Climate Business Network, a World Wildlife Fund initiative to accelerate action toward a net zero future.

Visa has also committed to set science-based targets through the Science Based Target initiative at the 1.5°C ambition level.

The company shifted to 100% renewable electricity last year.

Al Kelly, Chairman and Chief Executive Officer of Visa, said: “Our new net zero commitment and enhanced efforts across our network in support of sustainable initiatives are immediate ways we will achieve our goals to help build a better future for our planet.”

 

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