{"id":72036,"date":"2021-11-02T14:53:13","date_gmt":"2021-11-02T12:53:13","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=72036"},"modified":"2021-11-02T14:55:53","modified_gmt":"2021-11-02T12:55:53","slug":"mastercard-to-achieve-net-zero-goal-10-years-ahead-of-schedule","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/mastercard-to-achieve-net-zero-goal-10-years-ahead-of-schedule\/","title":{"rendered":"Mastercard to achieve net zero goal 10 years ahead of schedule"},"content":{"rendered":"

Mastercard<\/a> unveiled an acceleration of its net zero timeline by a decade, from 2050 to 2040. It is also scaling its sustainable solutions to customers across Europe and Latin America, including Banco de Costa Rica, ekko, Gr\u00e1nit Bank, and Sberbank, which have all signed on to adopt the Mastercard Carbon Calculator.<\/p>\n

As part of its net zero strategy, Mastercard had already committed to meet its existing science-based targets (SBTi) for greenhouse gas reduction, which are aligned to the United Nations Business Ambition for a 1.5\u00b0C future. The company transitioned to 100% renewable energy in 2018 for its operations, and its emission reduction strategy primarily centers on further decarbonization across its value chain, including Scopes 1, 2 & 3 emissions.<\/p>\n

Mastercard has received an \u201cA\u201d rating for Supplier Engagement since 2018 from CDP (formerly Carbon Disclosure Project) and joined the\u00a01.5\u00b0C Supply Chain Leaders Initiative<\/strong><\/a>, supporting large and small suppliers with concrete resources and tools for measuring their emissions and developing climate strategies through the\u00a0SME Climate Hub.<\/strong><\/a><\/p>\n

Supported by its new global\u00a0Sustainability Innovation Lab<\/strong><\/a>, the company aims to encourage tangible\u00a0action by people who use its 2.9 billion cards across the globe. This includes helping banks offer their consumers digital tools, such as the Mastercard Carbon Calculator, that encourage climate-conscious choices, and cards made from more sustainable materials.<\/p>\n

\u201cTackling the global climate crisis will take all of us \u2013 and major businesses have a vital role to play. At Mastercard, we continue to raise the bar for ourselves, accelerating our commitment to reach net zero emissions,\u201d\u00a0said Michael Miebach, chief executive officer, Mastercard.\u00a0\u201cWe will also use our technology and global network to\u00a0inspire collective action\u00a0that fosters a more sustainable digital economy.\u201d<\/p>\n

To help accelerate progress toward Mastercard\u2019s sustainability goals, the company made changes to its executive compensation model, linking it to three global ESG priorities including operational carbon neutrality. Mastercard also\u00a0showed progress<\/strong><\/a>\u00a0in 2020 against its existing 1.5\u00b0C SBTi-approved targets, including a Scope 1 & 2 reduction of 44% and Scope 3 reduction of 57% against a 2016 baseline, and was recently awarded for Supply Chain Leadership from the Climate Leadership Conference.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mastercard unveiled an acceleration of its net zero timeline by a decade, from 2050 to 2040. It is also scaling its sustainable solutions to customers across Europe and Latin America, including Banco de Costa Rica, ekko, Gr\u00e1nit Bank, and Sberbank, which have all signed on to adopt the Mastercard Carbon Calculator. As part of its […]<\/p>\n","protected":false},"author":410,"featured_media":72042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6702,984],"tags":[9101,11614],"yoast_head":"\nMastercard to achieve net zero goal 10 years ahead of schedule - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Mastercard unveiled an acceleration of its net zero timeline by a decade, from 2050 to 2040. 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