At Visa, ESG activities are managed at a functional level across our strategic and operational areas, with executive and Board oversight.
At the management level, a cross-function body has served as the central coordinating entity facilitating our ESG strategy and reporting efforts. The group has included cross-functional representation from more than a dozen senior leaders.
At the Board level, the Nominating and Corporate Governance Committee of the Board has formal responsibility for and oversight of ESG policies, programs and reporting in their totality as well as for the individual topics of environmental sustainability, climate change, human rights, political activities and expenditures, and social impact and philanthropy. These responsibilities are incorporated into the Committee Charter for the Nominating and Corporate Governance Committee, available on our Board Committees and Composition page.
Additional responsibilities for individual ESG topics include the following:
- Audit and Risk Committee: Risk management (including risk from ESG issues), ethics and compliance, cybersecurity and information security
- Compensation Committee: Executive compensation, diversity and inclusion
- Finance Committee: Tax strategy