Visa Inc.

Visa Inc. (NYSE: V) 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 digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

Purpose

Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.

Ryan McInerney

Chief Executive Officer, Visa Inc.

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Alignment with Guiding Principles


At the Council for Inclusive Capitalism, we invite companies of all sizes, industries, and geographies to champion our Guiding Principles for Inclusive Action and demonstrate how they contribute to meaningful change. To ensure alignment with our principles, our members are assessed by at least one reporting body, sustainability-related certificate, benchmark, rating agency or similar organization.

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

Visa aims to reduce absolute scopes 1 and 2 greenhouse gas emissions 50 percent by FY2030 from a FY2020 base year.

Activities & Initiatives

Visa aims to reduce Scope 1 emissions through measures including energy efficiency projects at our data centers and offices, prioritizing the occupancy of green facilities and buildings and taking steps to lower the emissions impact of our global fleet. We will reduce Scope 2 greenhouse gas emission through our continued procurement of 100% renewable electricity. 

Measures & Targets

Visa aims to measure progress by conducting an annual greenhouse gas inventory, energy efficiency initiatives, and procuring 100% renewable electricity with a goal of reducing absolute scopes 1 and 2 greenhouse gas emissions 50 percent by FY2030 from a FY2020 base year.

SDG Focus Area(s):

Summary

Visa aims to engage our employees in empowering people and communities in need by setting a goal to have 20% of our global workforce volunteering in the communities in which they live and work annually.

Activities & Initiatives

Visa aims to engage our employees in empowering people and communities in need. Visa leverages volunteer leadership councils, volunteer time off and team-based volunteer events to engage and inspire global volunteerism in the communities where we live and work. Visa offers two days of paid time off each year to eligible employees to volunteer for the charity or activity of their choice during work hours. Additionally, team volunteering opportunities are organized, encouraged and supported. We continue to offer opportunities for virtual volunteering. We also engage voluntary Community & Volunteering Councils around the world to facilitate our programs while also providing employees with leadership development opportunities.

Measures & Targets

Visa aims to measure progress by tracking employee volunteer hours registered through an online platform with a goal of at least 20% of our global workforce participating in volunteering, giving and other social impact initiatives annually.

SDG Focus Area(s):

Summary

Visa aims to demonstrate our commitment to gender and racial equality in the Visa workforce by maintaining equal pay for equal work globally, and include 100 percent of regular, active employees in fully-integrated subsidiaries in our equal pay analysis.

Activities & Initiatives

Visa aims to promote gender and racial equality in pay for equal work, meaning that men and women earn the same pay for the same work globally, and the same is true for racial and ethnic minorities and their white peers in the U.S. As part of building an inclusive and equitable organization, we are committed to tracking, measuring, evaluating and reporting annually on our workforce demographics and pay equity. Visa’s goal is to include 100 percent of regular, active employees in fully-integrated subsidiaries in our equal pay analysis.

Measures & Targets

Visa aims to track, measure, evaluate and report annually on our workforce demographics and pay equity. Visa’s goal is to include 100 percent of regular, active employees in fully-integrated subsidiaries in our equal pay analysis.

SDG Focus Area(s):

Summary

Visa aims to promote employee inclusion and diversity by increasing the number of under-represented Visa colleagues in the general U.S. workforce by 50% by 2025 from a 2020 baseline.

Activities & Initiatives

Visa aims to promote employee diversity and inclusion within the enterprise through global diversity and inclusion strategies. We will do so throughout the regions in which we operate, focusing on the issues most relevant to each region. This includes focus on objectives such as:

• Talent & Culture: supporting diverse talent in a culture focused on inclusion. 

• Partnership & Community: amplifying partnerships for societal and business benefits. 

• Process & Capabilities: enabling global I&D through a center of excellence on measurement and best practices. 

• Leadership & Communications: supporting I&D outcomes linked to talent, brand, community and business actions.

Measures & Targets

Visa aims to measure progress toward these goals by tracking the number of under-represented Visa colleaguesin the general U.S. workforce.

SDG Focus Area(s):

Summary

Visa aims to achieve carbon neutrality in operations (greenhouse gas emissions scopes 1 and 2 as well as the business travel and employee commuting components of scope 3) by 2030.

Activities & Initiatives

Visa aims to conduct an annual greenhouse gas inventory and engage in other initiatives to reduce emissions. This includes procurement of 100% renewable electricity, ongoing energy efficiency initiatives and the use of high-quality carbon offsets to cover minimal residual emissions.

Measures & Targets

Visa aims to measure progress by conducting an annual greenhouse gas inventory and other initiatives to reduce emissions. This includes procurement of 100% renewable electricity, ongoing energy efficiency initiatives and the use of high-quality carbon offsets to cover minimal residual emissions.

SDG Focus Area(s):

Summary

Visa aims to eliminate the footprint from our scopes 1, 2 and 3 emissions by 2040.

Activities & Initiatives

Visa aims to reduce greenhouse gas emissions, including efforts with suppliers to abate a significant portion of the greenhouse gas footprint of the company's purchased goods and services.

Measures & Targets

Visa aims to measure progress by conducting an annual greenhouse gas inventory and other initiatives to reduce emissions. This includes procurement of 100% renewable electricity, ongoing energy efficiency initiatives and the use of high-quality carbon offsets to cover minimal residual emissions.

SDG Focus Area(s):

Summary

Visa aims to reduce absolute scope 3 GHG emissions 42 percent by FY2030 from a FY2020 baseline year.

Activities & Initiatives

Visa aims to reduce Scope 3 greenhouse gas emissions by engaging with suppliers through EcoVadis and CDP Supply Chain and on a macro level through business partnerships and participation in industry organizations. The primary contributor to Visa's Scope 3 emissions is from our purchased goods and services. Our primary plan for achieving this target will be the implementation of our supplier engagement program. This program will aim to help suppliers reduce their own emissions, which will also reduce the upstream impact of Visa's business. Visa is also undertaking efforts to limit the impacts of business travel and employee commuting, including our joining of the United Eco Skies Alliance to help accelerate sustainable aviation.

Measures & Targets

Visa aims to measure progress by conducting an annual greenhouse gas inventory and engaging with suppliers on efforts to reduce their operational footprint with a goal of reducing absolute scope 3 GHG emissions 42 percent by FY2030 from a FY2020 baseline year.

SDG Focus Area(s):

Summary

Visa will digitally enable 50 million small and micro businesses (SMBs) worldwide by the end of 2023 through a range of locally designed programs and solutions to enable SMBs to drive efficiency and sales.

Activities & Initiatives

Support economic empowerment, opportunity and inclusive prosperity of small and micro businesses worldwide through a range of locally designed programs and solutions to enable SMBs to drive efficiency and sales through acceptance of digital payments, building online businesses, SMB education and incentivizing neighborhood support.

Measures & Targets

Digitally enable 50 million small and micro businesses by the end of 2023.

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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.