Visa Reaches 100 Percent Renewable Electricity Goal
As part of the company’s commitment to sustainability, Visa has reached its goal to use 100 percent renewable electricity by 2020 through energy sources like solar and wind.
Since setting the 100 percent renewable goal in 2018, Visa achieved quick action across its global facilities portfolio by advancing to a sustainable mix of renewable energy sources such as solar and wind.
“At Visa, we see both a responsibility and an opportunity to make broad shifts toward a sustainable and inclusive future,” said
Working with local utilities and competitive electricity market providers, Visa leveraged renewable electricity options available in each market that best fit the country’s approach to renewable electricity. Visa made local renewable electricity investments in markets where the company has major facilities, including four locations in the U.S. and the
With a commitment to support the broader renewable electricity transition, Visa also joined and followed the guidelines of RE100, a global collaborative of influential businesses committed to 100 percent renewable power led by
By purchasing 100 percent renewable electricity, Visa mitigates the greenhouse gas emissions from the electricity the company consumes (Scope 2 emissions), reducing its operational emissions from its facilities and data centers by almost 90 percent versus the company’s 2014 baseline.
“We congratulate Visa on their exciting announcement that they have reached 100 percent renewable electricity – it shows that it is possible for companies to switch to clean energy at speed,” states
Visa will continue its commitment to foster a more sustainable future inside its operations and in the broader ecosystem of commerce. Within its operations, Visa locations around the world have implemented energy efficiency measures to meet this commitment, including a commitment to LEED-based building design and operations, lighting and HVAC upgrades, and an efficient electronics policy that mandates at least 90 percent of new electronics in its largest corporate campus offices meet either ENERGY STAR or EPEAT certification standards.
“With the world’s growing focus on the global challenges of climate change, we recognize and understand the need to play a leadership role in helping build a more sustainable future,” said
This achievement builds on Visa’s broader sustainability strategy, which has received industry recognition. Visa has been on the Dow Jones Sustainability North American Index since 2017, a FTSE4Good Index Member, and was named an ‘Outperformer’ in the Software and Services sector by Sustainalytics in 2018, a leading independent global provider of ESG and corporate governance research and ratings to investors. For additional awards and recognition, please visit Visa’s 2018 Corporate Responsibility and Sustainability report.
Visa’s commitment to sustainability extends outside the company as well. Among the many efforts underway, the company has:
- Worked to remove friction of public transit and urban mobility
- Partnered on a 25-country study on consumers and healthy and sustainable living
- Helped launch Travalyst, an initiative focused on sustainable travel and tourism
- Joined purpose-led brands as a founding partner of Brands for Good, an initiative to build a movement to make sustainable living more attractive, rewarding and attainable
Visa is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information visit usa.visa.com/about-visa.html, usa.visa.com/visa-everywhere/blog.html and @VisaNews.