Visa

Visa reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 4 Kt (-9.9 /-71.3% y-o-y). Also positively, carbon intensity declined to 0.2 t (-0.4 /-66.7% y-o-y).

Visa's Scope 3 emissions decreased to 321 Kt (-85 /-20.9% y-o-y). This is a higher rate of decline than over the period since 3Q'19 (-14.9% CAGR).

The company is committed to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -17 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.

Visa also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Visa Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2020 base year. Visa Inc. also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe.