MasterCard Inc.

"MasterCard Incorporated has committed to achieving net zero emissions by 2040. Net Zero Tracker
This includes reducing total Scope 1 and 2 emissions by 38% and Scope 3 emissions by 20% by 2025 from a 2016 baseline. Net Zero Tracker
An interesting fact about their environmental policy is that they were the first payments company to set a science-based target for reducing their carbon footprint. Net Zero Tracker
However, their ability to meet their net-zero targets heavily depends on cooperation from their suppliers, who are responsible for the majority of their Scope 3 GHG emissions. Net Zero Tracker
In addition, …"

Current Score (vs. LY)

70.7 pts (-5.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #12

S&P100: #9

Financials: #1

80.0%

Transparency

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

66.7%

Commitments

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

66.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 5,1643,2214,758
Scope 2 - location-based 48,97452,53852,141
Scope 2 - market-based 229268162
Scope 1-2 - location-based 54,13855,75956,899
Scope 1-2 - market-based 5,393 3,489 4,920
Scope 3 494,564366,143503,012
Total - location-based 548,702421,902559,911
Total - market-based 491,139 363,147 499,480

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 875,016561,322
Methodology Pre-calculated sector intensity (revenue)Scope 3 based on previous year

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

MasterCard 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 20.0 2016 2025
S1S2S3LOC 21.883435400880796 2016 2025
S1S2LOC 38.0 2016 2025

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2040

Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on S1S2LOC scope emissions.


Science-based Targets (SBTI)

Date Published / Updated :01/06/2020

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2025 No target No
MasterCard Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Mastercard commits to reduce absolute scope 1 and 2 GHG emissions 38% by 2025 from a 2016 base year. Mastercard also commits to reduce absolute scope 3 GHG emissions 20% over the same target period.

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 MasterCard Incorporated by zerotracker.net: May 10, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) No

Additional notes: We achieved carbon neutrality, or the 100% offset of our operational CO2 emissions, in 2021

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 5.0 10.0 -5.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 -5.0
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 6.666666666666667 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 26.666666666666668 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) 5.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 20.0 30.0 0.0
Total 70.7 100.0 -5.0


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 5.0
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? partly 2.5 / 5.0 5.0 -2.5 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 5.0 -2.5 5.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 8.0
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 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? Net Zero Policy 5.0 / 5.0 5.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -3.4
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? -8.7
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 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 21.1
Actual (in %): 45.4
5.0 / 5.0 5.0 0.0 5.0
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 %): 12.2
Actual (in %): 42.1
5.0 / 5.0 5.0 0.0 5.0
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 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 70.7 / 100.0 75.7 -5.0 61.0


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2019 2019 2019 2019 2018 2018 2018
Source NZPDU Public Yourstake CDP NZPDU Public CDP NZPDU Public Wikirate NZPDU Public Wikirate (NV)
Publication Year 2022 2022 2022 2021 2021 2021 2020 2020 2021 2020 2019 2021 2019
Scope 1 5,164 5,164 5,164 3,221 3,221 3,221 4,758 4,758 4,758 4,758 4,828 4,828 4,828
Scope 2 - location-based 48,974 48,974 48,974 52,538 52,538 52,538 52,141 52,140 52,141 52,141 52,859 52,859 52,859
Scope 2 - market-based 229 229 229 268 268 268 162 162 162 NA 3,399 3,399 NA
Scope 1-2 - location-based 54,138 54,138 54,138 55,759 55,759 55,759 56,899 56,898 56,899 56,899 57,687 57,687 57,687
Scope 1-2 - market-based 5,393 5,393 5,393 3,489 3,489 3,489 4,920 4,920 4,920 NA 8,227 8,227 NA
Scope 3 494,564 494,564 494,564 366,143 366,143 366,143 503,012 503,009 503,012 503,012 495,961 495,962 495,962
Total - location-based 548,702 548,702 548,702 421,902 421,902 421,902 559,911 559,907 559,911 559,911 553,648 553,649 553,649
Total - market-based 491,139 499,957 499,957 363,147 363,147 369,632 499,480 499,478 507,932 NA 492,410 504,189 NA

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