Visa Inc.

"Visa Inc., a company based in the USA, has set a net zero target for 2040. Net Zero Tracker
This target covers carbon dioxide and other greenhouse gases, including scope 1, scope 2, and partially scope 3 emissions, but does not cover historical emissions. Net Zero Tracker
An interesting fact about Visa's environmental policy is that the company achieved carbon neutrality across its operations for 2020 and commits to maintain that going forward. Net Zero Tracker
However, Visa does not have a publicly available plan that outlines steps toward its target. Net Zero Tracker
In addition, you can check out …"

Current Score (vs. LY)

68.3 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #17

S&P100: #10

Financials: #2

100.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

58.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 4,0185,1028,642
Scope 2 - location-based 59,1888,8210
Scope 2 - market-based NANA51,366
Scope 1-2 - location-based 63,20613,9238,642
Scope 1-2 - market-based NA NA 60,008
Scope 3 320,987400,000523,963
Total - location-based 384,193413,923532,605
Total - market-based NA NA 583,971

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 461,984380,022
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Visa Inc. belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 42.0 2020 2030
S1S2MKT 50.0 2020 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/06/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 No target Yes
Visa Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Visa Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2020 base year. Visa Inc. also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Visa by zerotracker.net: June 20, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Must be high environmental integrity
  • Avoid biodiversity harm
  • Other conditions
Plans for carbon dioxide removal (CDR) No

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 0.0
Transparency 30.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 23.333333333333336 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 15.0 30.0 0.0
Total 68.3 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 10.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -8.1
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 2.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 5.0
Actual (in %): 71.1
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 10.0 0.0 10.0
Total 68.3 / 100.0 68.3 0.0 42.8


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2018 2018
Source NZPDU Public Yourstake Wikirate (NV) CDP NZPDU Public Public CDP NZPDU Public NZPDU
Publication Year 2022 2022 unknown 2022 2021 2021 2021 2021 2020 2020 2021 2019
Scope 1 4,018 4,018 4,018 5,102 5,102 5,102 5,000 8,642 8,642 8,642 7,500 9,165
Scope 2 - location-based 59,188 59,188 59,188 8,821 66,462 66,462 0 0 66,009 66,009 0 92,519
Scope 2 - market-based NA 0 0 NA 8,821 8,821 10,000 51,366 51,366 51,366 52,500 53,158
Scope 1-2 - location-based 63,206 63,206 63,206 13,923 71,564 71,564 5,000 8,642 74,651 74,651 7,500 101,684
Scope 1-2 - market-based NA NA NA NA 13,923 13,923 15,000 60,008 60,008 60,008 60,000 62,323
Scope 3 320,987 320,987 320,987 400,000 405,913 405,913 400,000 523,963 523,963 523,963 470,000 232,156
Total - location-based 384,193 384,193 384,193 413,923 477,477 477,477 405,000 532,605 598,614 598,614 477,500 333,840
Total - market-based NA NA NA NA 417,129 417,129 415,000 583,971 570,242 570,242 530,000 287,896

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog