Mastercard

Mastercard reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 54 Kt (-1.6 /-2.9% y-o-y). Also positively, carbon intensity was down at 2.9 t (-0.7 /-19.4% y-o-y).

Mastercard's Scope 3 emissions surged to 495 Kt (+128/+35% y-o-y). The growth accelerated relative to the long-term trend (+1% CAGR) observed since 4Q'17.

The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -2.8 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -19 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Mastercard achieved carbon neutrality across its operations (Scope 1 + 2) in 2021. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.