Mastercard Highlights 2023 ESG Report: Empowering People, Fostering Prosperity, Preserving the Planet

Mastercard Highlights 2023 ESG Report: Empowering People, Fostering Prosperity, Preserving the Planet Mastercard Highlights 2023 ESG Report: Empowering People, Fostering Prosperity, Preserving the Planet https://innews.media/en/news/id-37846

Mastercard reaffirms its commitment to powering economies and empowering people through the release of its Environmental, Social, and Governance (ESG) Report. Grounded in the ethos of doing well by doing good, Mastercard's strategic priorities to expand in payments, extend services, and embrace new networks are underscored by its dedication to ESG principles.

The 2023 ESG Report showcases Mastercard's journey and standards while outlining its progression towards ambitious targets. Key achievements across Mastercard's People, Prosperity, and Planet pillars in 2023 include:

Empowering People to Reach Their Full Potential:

- Increased global median pay for female employees to 96.4% of male employees' median pay, ensuring pay equity.

- Educated 6.8 million girls through the Girls4TechTM curriculum since 2014, exceeding targets two years early.

Fostering Prosperity Around the World:

- Connected over 870 million people to the digital economy and supported 48 million small businesses, nearing targets set for 2025.

- Provided solutions to 37 million women entrepreneurs, exceeding the goal of 25 million.

- Reached 12 million micro and small businesses through the Mastercard Strive initiative.

- 5 million users registered on the Community Pass platform.

Preserving the Planet for Future Generations:

- Decoupled emissions from corporate growth, with a 1% YOY decrease in emissions versus 13% growth in net revenue.

- Reduced Scope 1 and 2 emissions by 48%, and Scope 3 emissions by 40% in 2023 compared to 2016, on target to achieve short-term milestones by 2025.

- Accelerating efforts to eliminate first-use PVC plastics from payment cards on its network by 2028.

Mastercard leverages its employees, technology, resources, partnerships, and expertise to drive positive, lasting impact while creating markets for the future. The company looks forward to continuing its collaborative work, seeking opportunities to expand its positive impact.

We thank our partners for their continued support as we strive to build a more inclusive, sustainable world together.