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Mastercard Joins Net-Zero Climate Club With Audacious 2050 Goal

  • It’s the first payment processor with a science-based target
  • The plan calls for reducing both direct and indirect emissions
Mastercard Illustrations Ahead Of Earnings Figures
Photographer: Gabby Jones/Bloomberg

Mastercard Inc. has tightened its corporate climate strategy, now pledging to reach the equivalent of no greenhouse gas emissions by 2050, a goal shared by a quickly growing number of companies and governments around the world.

The payment processor was already the first in its industry to agree to a climate program with the Science Based Targets initiative (SBTi), a project led by several nonprofits that helps companies develop adequate goals. Those thresholds are to cut direct emissions by 38% and indirect emissions from supply chains and customers by 20% by 2025 from 2016 levels.