Primary Climate Goal
Visa's target annual all Scopes emissions for 2040 should be equal to 0 Kt = 0% * 420 Kt, according to the company's stated climate goal.
In order to achieve this goal, Visa would need to reduce its emissions at least by -21 Kt per annum over the period from 2021 to 2040:
-21 Kt = ( 0 Kt - 420 Kt ) / (2040 - 2020)
This translates into a -5% reduction in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Visa aims to achieve net zero for all Scopes by 2040
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Visa reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2020 at 14 Kt (-51 /-78.4% y-o-y). Also positively, carbon intensity plummeted to 0.6 t (-2.2 /-78.6% y-o-y).
Visa's Scope 3 emissions declined to 406 Kt (
The company is committed to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -21 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.