Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient and secure products and services to take control of their financial lives.
We believe access to affordable and convenient financial services should be a right for all rather than a privilege for the few. To achieve this, we are aligned across the company around one central vision: to make the movement and management of money as simple, secure and affordable as possible. As we democratize financial services, we can enable the hopes, dreams and ambitions of millions of people around the world.
The Climate Innovation for Adaptation and Resilience Alliance (CIFAR, pronounced “see far”) is a global initiative working to accelerate responsible innovation in digital finance for climate adaptation and resilience. The Alliance currently has 11 full members and one observer member. PayPal is a founding funder and member of the Alliance.
The CIFAR Alliance aims to provide gender-inclusive climate adaptation and resilience tools and resources directly to 1 billion of the world’s most vulnerable people, as well as mobilize over $25 billion of catalytic public, private and capital market investment in widely scaled solutions by 2030. The experiences, needs and interests of the world’s most affected individuals, small businesses, and natural ecosystems guide the Alliance’s actions, with particular focus on rural, urban, and coastal populations globally.
PayPal will measure progress by comparing with a 2019 base year, with the ultimate goal of reducing absolute emissions by 25%.
In 2021, PayPal achieved a 73% operational emissions reduction from a 2019 base year.
Women make up the overwhelming majority of the world’s unbanked and underserved adults. PayPal has a responsibility to help expand the role of women in the financial system and advance economic equity through our resources, tools and technologies. As the private sector lead for the Economic Justice and Rights Action Coalition of the U.N. Women’s Generation Equality Forum, PayPal committed to strategic external and internal investments over the next four years supporting economic empowerment of women and girls, including:
With the resources, tools and technologies at our disposal, PayPal will measure success by partnering with collaborative technical and advocay platforms to improve the availability, quality and use of gender data.
28% of suppliers, by spend, have or committed to a SBT in 2021. Over 40% of our vendors by spend reported specific activities to reduce their GHG emissions.
Engaging with 75% of our suppliers will help us reach our long-term goal of net-zero GHG emissions by 2040 by reducing the Scope 3 emissions associated with the products and services we procure.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.