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.
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ESG Reporting & Transparency
Promote transparency of Visa’s approach to and progress toward material ESG issues.
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SDG Focus Areas :
Alfred Kelly
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
To promote employee inclusion and diversity, Visa has set a goal to increase the number of under-represented Visa colleagues at the vice president level and above in the U.S. by 50% in 3 years and in the general U.S. workforce by 50% in 5 years.
Activities & Initiatives
Promote employee diversity and inclusion within the enterprise through global diversity and inclusion strategies.
Measures & Targets
Progress toward goals to:
- Increase number of under-represented Visa colleagues at the vice president level and above in the U.S. by 50% in 3 years
- Increase number of under-represented Visa colleagues in the general U.S. workforce by 50% in 5 years
Summary
Visa is committed to the reduction of our greenhouse gas emissions and supports climate change mitigation by maintaining our use of 100% renewable electricity on an ongoing basis.
Activities & Initiatives
Reduce greenhouse gas emissions and support climate change mitigation.
Measures & Targets
Continued achievement of 100% renewable electricity usage globally as defined by RE100 standards
Summary
Visa is committed to engaging our employees in empowering people and communities in need, with a goal of having 70% of our global workforce participating in volunteering, giving and other social impact initiatives annually.
Activities & Initiatives
Engage our employees in empowering people and communities in need.
Measures & Targets
At least 70% of our global workforce participating in volunteering, giving and other social impact initiatives annually.
Summary
Visa promotes inclusive and sustainable capitalism over the long-term through biennial ESG materiality assessments and at least annual review with the Board of Directors of material ESG issues.
Activities & Initiatives
Support strong oversight of material ESG issues and long-term strategy by the Board of Directors.
Measures & Targets
- Annual review of material ESG issues with the Board of Directors
- Biennial ESG materiality assessment
Summary
Visa will promote employee inclusion and diversity in our talent pipeline by implementing our Visa Black Scholars & Jobs Program to provide $10 million in scholarships and guarantee full-time jobs at Visa to those who fulfill requirements.
Activities & Initiatives
Promote employee inclusion and diversity in our talent pipeline through our signature Visa Black Scholars & Jobs Program that creates a $10 million fund for scholarship assistance for college-bound Black and African American students and guarantees a full-time job upon graduation for all recipients who have met their commitments.
Measures & Targets
Successful implementation of the Visa Black Scholars & Jobs Program.
Summary
Visa is committed globally to gender and racial equality in the Visa workforce by maintaining equal pay for equal work.
Activities & Initiatives
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.
Measures & Targets
Maintain equal pay for equal work for men and women globally and for racial/ethnic groups in the U.S., in part through continued analysis and reporting on our workforce demographics and equal pay.
Summary
Visa supports economic opportunity by enhancing career opportunities for 14,500 individuals, both within and outside Visa’s workforce, over a five-year period.
Activities & Initiatives
Promote economic opportunity through implementation of apprenticeships and work-based learning programs, continuing education, on-the-job training and reskilling.
Measures & Targets
Enhance career opportunities for 14,500 individuals over a five-year period, both within and outside of Visa’s workforce.
Summary
Visa supports a culture of ethics and compliance by requiring employees to annually complete training on our global policies, programs and initiatives built on the foundation of the Visa Code of Conduct.
Activities & Initiatives
Promote ethical behavior in all that we do through Visa’s comprehensive global ethics and compliance program.
Measures & Targets
Visa requires employee completion of annual ethics and compliance training, including topics such as Anti-Bribery; Anti-Money Laundering; Antitrust and Competition Law; Data Privacy; Key Controls; Political Participation, Lobbying and Contributions; Prevention of Insider Trading; Records Management; Workplace Harassment and Discrimination.
Summary
Visa commits to the transparency of our material ESG commitments and progress by publishing annual ESG reporting in line with GRI, SASB and other relevant ESG standards and frameworks.
Activities & Initiatives
Promote transparency of Visa’s approach to and progress toward material ESG issues.
Measures & Targets
Publication of annual ESG report in line with leading international standards and frameworks.
Sign up your company
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.
