Fintech & Ecommerce

Mastercard Reports ESG Achievements

Mastercard ESG strategy and efforts, expressed through the pillars of People, Prosperity and Planet, are directly connected to its long-term success as a company

Mastercard Reports ESG Achievements

Microsoft published a detailed 2022 ESG Report, reflecting on its corporate efforts in the fields of environment, financial empowerment, and sustainable economy.

Among the company’s main achievements, there is

  • the gradual narrowing of the pay gap between female and male employees,
  • empowerment of 3.6 million girls globally since the launch of a decade-long Girls4Tech STEM program,
  • providing 25 million women entrepreneurs with business growth solutions ahead of the 2025 set goal,
  • investment of $420 million in Black communities in the U.S. over three years,
  • connecting over 780 million people to the digital economy since 2015, and 35 million SMBs to the digital economy over the past three years,
  • financial support in the amount of $240 million since 2020 for small businesses and their employees impacted by the pandemic,
  • reduction of Scope 1 and 2 emissions by 44%, and Scope 3 emissions by 40% in 2022, compared to 2016 treated as a base year,
  • adding 15 new reforestation sites around the world in 2022,
  • and expanding the Priceless Planet Coalition to more than 130 corporate partners globally.

These important milestones are small steps on the way to “a world where economic growth is inclusive and sustainable, and the digital economy works for everyone.”

This year, Mastercard continued its efforts to empower female entrepreneurs and boost financial inclusion with a suite of services dedicated to the financial needs of female business owners across the regions of Latin America and the Caribbean.

The company has also pledged to remove the first–use, PVC plastics from payment cards on its network by 2028.

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.