Visa
Visa Inc., a global leader in digital payments, is headquartered in the United States and operates extensively across North America, Europe, Asia, and beyond. Founded in 1958, Visa has transformed the financial landscape, pioneering innovations in electronic payment systems. The company primarily focuses on facilitating secure and efficient transactions through its core products, including credit, debit, and prepaid cards, as well as advanced payment solutions like Visa Direct. What sets Visa apart is its vast network, connecting millions of merchants and financial institutions worldwide, ensuring seamless payment experiences. With a strong market position, Visa consistently ranks among the top payment processors globally, recognised for its commitment to security and innovation. Notable achievements include the introduction of contactless payments and a robust fraud prevention system, solidifying its reputation as a trusted partner in the financial services industry.
DitchCarbon Score
How does Visa'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 Financial Intermediation 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's score of 83 is higher than 99% 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's reported carbon emissions
In 2023, Visa reported total carbon emissions of approximately 429,500,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 10,300,000 kg CO2e, while Scope 2 emissions amounted to approximately 30,000 kg CO2e (market-based) and 67,200,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, which totalled around 409,500,000 kg CO2e, primarily from purchased goods and services (approximately 345,300,000 kg CO2e). Visa has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2040. This includes a near-term target to reduce absolute Scope 1 and 2 emissions by 81.22% and Scope 3 emissions by 46.2% by 2030, using a 2019 baseline. Furthermore, Visa's long-term goal is to achieve a 90% reduction in absolute emissions from all scopes by 2040. These commitments align with the Science Based Targets initiative (SBTi) framework, demonstrating Visa's dedication to addressing climate change and reducing its carbon footprint in the financial services sector.
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Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Visa is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
