Raw: [
Mastercard’s 2023 Environmental, Social and Governance Report details how the company is activating its network, services, products, and partnerships to fulfill its commitment to social good. The report highlights progress…
The post Mastercard’s 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet appeared first on ESG News.
]
Mastercard's 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet – ESG News
LOADING
ESG News
ESG Business
Sustainability
Technology
Infrastructure
ESG Reporting
ESG Standards
Environmental
Government
Diversity, Equity & Inclusion
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
ESG Events
Upcoming Event List
International
ESG Europe
ESG Asia
ESG India
ESG Russia
ESG Middle East
ESG Japan
ESG Canada
ESG Latin America
ESG United Kingdom
Videos
Force For Good
Greenwich Economic Forum
UN Global Compact Leaders Summit 2022
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG NewsESG Business
SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion
Fils and Telr Partner to Drive Sustainability in Finance and Payments
ESG News
February 16, 2024
Deloitte Leads the Way in ESG & Sustainability Services, Verdantix Report Finds
ESG News
February 13, 2024
The English Football Premier League Takes Big Step in Sustainability with New Commitment
ESG News
February 12, 2024
Salesforce Reveals the Gap Between Sustainability Commitments and Business Integration
ESG News
February 12, 2024
Trafigura Sees AI Driving Up Copper Demand by 1 Million Tons by 2030
ESG News
April 9, 2024
Google Announces Water Stewardship Initiatives for World Water Day
ESG News
March 25, 2024
Intel and Biden-Harris Administration Forge Path for $8.5 Billion Funding Under CHIPS and Science Act
ESG News
March 20, 2024
JLL and Jupiter Intelligence Partner to Integrate AI-Driven Climate Risk Analytics into Real Estate Decarbonization Strategy
ESG News
March 20, 2024
EU Mandates Energy-Efficient Buildings by 2050 to Combat Emissions and Poverty
ESG News
April 15, 2024
DOE Unveils Groundbreaking Federal Blueprint to Decarbonize America’s Buildings Sector
ESG News
April 3, 2024
Air Liquide and Vopak Forge Partnership for Singapore’s Hydrogen Future
ESG News
March 11, 2024
IBM Pledges $45 Million to Transform Urban Environments for Climate Resilience
ESG News
March 7, 2024
Mastercard’s 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet
ESG News
April 16, 2024
Target’s Sustainability Efforts Are Sprouting and Supporting Future Growth
ESG News
April 15, 2024
IBM Showcases Progress on Sustainability and Social Responsibility in 2023 Impact Report
ESG News
April 12, 2024
ISS-Corporate Bolsters Sustainability Services with Celsia Acquisition
ESG News
April 12, 2024
BSI Revamps Event Sustainability Guidance: Focus on Climate, Supply Chain, and Social Impact
ESG News
April 10, 2024
Climate Action 100+ Releases Net Zero Standard for Oil & Gas Company Assessments
ESG News
March 27, 2024
Canada Announces First Canadian Sustainability Disclosure Standards
ESG News
March 15, 2024
Ford, Other Industry Leaders Support Strengthened EPA Standards on Heavy-Duty Vehicle Emissions
ESG News
February 9, 2024
SHEIN Boosts Women’s Empowerment with $430,000 Donation to Dress for Success
ESG News
March 8, 2024
Deutsche Bank’s Initiative in Asia, Empowering Women in Agriculture
ESG News
March 8, 2024
Standard Chartered Release 2023 Diversity, Equality and Inclusion Impact Report
ESG News
March 1, 2024
Australian Employer Gender Pay Gap Report Exposes Top Companies
ESG News
February 27, 2024
ESG Investing
Sustainable Finance ESG Funds Digital AssetsESG LifestyleESG Events
Upcoming Event ListInternational
ESG Europe ESG Asia ESG India ESG Russia ESG Middle East ESG Japan ESG Canada ESG Latin America ESG United KingdomVideos
Force For Good Greenwich Economic Forum UN Global Compact Leaders Summit 2022 Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Get Breaking ESG News Alerts
Daily Newsletter
Join Now
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
Mastercard’s 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet
csr
/
ESG Reporting
/
News
/
Sustainable Finance
/
Mastercard’s 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet
by ESG News
•
April 16, 2024
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
Mastercard’s 2023 Environmental, Social and Governance Report details how the company is activating its network, services, products, and partnerships to fulfill its commitment to social good. The report highlights progress made towards social impact goals focused on People, Prosperity, and the Planet. Additionally, it details ongoing efforts beyond outlined milestones. Strong governance principles underpin the company’s ESG strategy, ensuring these efforts directly support business success.
Impact in 2023
Empowering People: The global median pay gap between female and male employees narrowed to 4%, a 1.7% improvement from 2022. Mastercard remains committed to achieving pay equity.
Investment in Black Communities: Since launching the In Solidarity initiative in 2020, Mastercard has invested over $511 million in Black communities in the U.S., exceeding the initial goal two years early. Efforts continue.
Girls4Tech Education: The Girls4Tech™ curriculum has educated over 8 million girls since its launch in 2014, surpassing the initial goal two years early. The program’s expansion remains ongoing.
Fostering Global Prosperity
Financial Inclusion: In collaboration with partners, Mastercard has connected over 870 million people and 48 million small businesses to the digital economy, nearing its goals of 1 billion by 2025 and 50 million by 2025, respectively.
Supporting Women Entrepreneurs: Mastercard surpassed its goal of providing solutions to 25 million women entrepreneurs, reaching 37 million. Continued support through various programs is a priority.
Micro and Small Businesses: The Mastercard Strive initiative has reached 12 million micro and small businesses.
Community Pass: The Community Pass has registered 5 million users.
Preserving the Planet
Decoupling Emissions from Growth: Mastercard achieved a 1% year-over-year decrease in emissions while net revenue grew 13%, demonstrating progress in decoupling emissions from corporate growth.
Emission Reductions: Scope 1 and 2 emissions were reduced by 48%, and Scope 3 emissions by 40% in 2023 compared to the 2016 baseline. Additionally, 91% of suppliers reported on Scope 3 emissions to CDP. The company remains on track for its 2025 milestones.
Eliminating PVC Plastics: Mastercard accelerated efforts to eliminate first-use PVC plastics from payment cards on its network by 2028.
Related Article: Deloitte Partners with Informatica and Workiva to Revolutionize ESG Reporting
Mastercard emphasizes its commitment to building a sustainable world where everyone prospers. ESG is a core business strategy driving long-term value for stakeholders. The company leverages its people, technology, resources, partnerships, and expertise to create positive lasting impact while building markets for the future.
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
ESG
ESG News
Mastercard
Plastic Waste
Sustainability
Related Articles
New Global Wind Report Reveals Record Year for Wind Energy but Highlights Need for Policy-Driven Action
ESG News •
April 16, 2024
EdgeConneX Secures $1.9 Billion in Sustainability-linked Financing for EMEA Digital Infrastructure Expansion
ESG News •
April 16, 2024
EU Mandates Energy-Efficient Buildings by 2050 to Combat Emissions and Poverty
ESG News •
April 15, 2024
UK to Spearhead Green Revolution with New Training Center for Future Industry Leaders
ESG News •
April 15, 2024
Apr
20
All day
Chinese Language Day
Apr
21
All day
World Creativity and Innovation Day
Apr
22
All day
International Mother Earth Day
Apr
22
April 22 – April 26
Earth Day 2024
Apr
22
April 22 – April 26
EarthX 2024
View Calendar
Today’s Top ESG Stories
Mastercard’s 2023 ESG Report Outlines Progress Toward Social Impact Goals to Support People, Prosperity and Our Planet April 16, 2024
EdgeConneX Secures $1.9 Billion in Sustainability-linked Financing for EMEA Digital Infrastructure Expansion April 16, 2024
Norway Eyes Large-Scale Carbon Removal with Government Funding for Climeworks Study April 15, 2024
Robeco Revamps Multi-Asset Strategy, Prioritizing Sustainable Transition Leaders Across Diverse Sectors April 15, 2024
JERA, Japan’s Largest Power Company, Establishes Global Renewables Subsidiary, JERA Nex Limited in London April 15, 2024
ESG News Quote of the Day
You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.
Theodore Melfi, American filmmaker
Tweet
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Related Stories
New Global Wind Report Reveals Record Year for Wind Energy but Highlights Need for Policy-Driven Action
EdgeConneX Secures $1.9 Billion in Sustainability-linked Financing for EMEA Digital Infrastructure Expansion
EU Mandates Energy-Efficient Buildings by 2050 to Combat Emissions and Poverty
UK to Spearhead Green Revolution with New Training Center for Future Industry Leaders
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Sponsorships
Events
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2021 ESG News Corp. All rights reserved.
Add ESG News to your home screen?
Add this web page on your home screen for quick and easy access when you’re on the go.
Just tapthen “Add to home screen”
×