Commercial, Energy Efficiency, GHG Emissions - August 9, 2018
Mastercard sets 20% GHG reduction goal
Mastercard announced plans to reduce greenhouse gas emissions by 20% by 2025, a target approved by the Science Based Targets initiative (SBTi). The plan will use a 2016 baseline and include both direct and indirect emissions.
In a statement, the company noted they are the first payments industry company to achieve this recognition from SBTi. "As a company, we pursue opportunities to be a force for good in the world," said Kristina Kloberdanz, chief sustainability officer, Mastercard. "Climate change is one of the biggest challenges of our time. This commitment highlights Mastercard’s determination to be a part of the solution."
Focusing on indirect emissions – the majority of the company’s carbon emissions – Mastercard has dedicated a team to help global suppliers to quantify and reduce their own product and service-related emissions.
To reduce its direct emissions, Mastercard is pursuing green certification for all eligible construction projects. The company has achieved LEED certification for all owned campuses, Green Mark Gold Plus in its Singapore regional office, and has certifications underway with Green Star in Australia, BREEAM in Belgium, and LEED in Dubai and India.
In 2017, Mastercard achieved 100% renewable energy offset usage across all of its global offices, accomplished through a combination of on-site solar generation, direct renewable energy purchases in deregulated markets, and country-specific renewable energy credits.