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Mastercard Inc

Common Name
Mastercard
Country
United States
Sector
Financial Services
Industry
Credit Services
Employees
35,300
Ticker
MA
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Mastercard Inc. is a global technology company in the financial industry, renowned for its vast payment processing network. Its primary function is to facilitate electronic payments between consumers,...

Mastercard's GHG Emissions Data Preview

In 2024, Mastercard completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Mastercard has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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$curl "https://tracenable.com/api/v1/ghg-emissions/absolute?ticker=MA&reporting_period=2024"

Verified Sources Behind Mastercard’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Mastercard’s data sources below and access millions more through our Disclosure Search.

a. Mastercard's Impact Report 2024
a. Mastercard's Impact Report 2024
b. Mastercard's ESG Report 2023
b. Mastercard's ESG Report 2023
c. Mastercard's Corporate Sustainability Report 2021
c. Mastercard's Corporate Sustainability Report 2021

Insights into Mastercard's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofMastercard amounted to52,006metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Mastercarddecreased by 0.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Mastercard's Scope 1 Emissions Over Time

20192020202120222023202401.5 k3 k4.5 k6 ktCO2e-32%+60%-8%-25%-17%
  • Total Scope 1
  • Year-over-Year Change

What are Mastercard's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Mastercard were 2,962 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Mastercard reduced its Scope 1 emissions over time?

Since 2019, Mastercard's Scope 1 emissions have decreased by 37.75%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Mastercard's Scope 1 emissions decreased by 16.7%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Mastercard's Scope 2 emissions?

In 2024, Mastercard reported Scope 2 greenhouse gas (GHG) emissions of 849 tCOâ‚‚e using the market-based method and 49,044 tCOâ‚‚e using the location-based method.a

Has Mastercard reduced its Scope 2 emissions over time?

Since 2019, Mastercard's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Mastercard's emissions have plateaued with no significant change in its energy consumption footprint.ab

Compared to the previous year(2023), Mastercard's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Mastercard's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Mastercard use for Scope 2 reporting?

In 2024, Mastercard reported its Scope 2 emissions using the market-based method and using the location-based method.a

Mastercard's Scope 2 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Mastercard's Value Chain Emissions

In 2024, Mastercard reported 463,976 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Mastercard includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Mastercard's Scope 3 Emissions Over Time

2019202020212022202320240150 k300 k450 k600 ktCO2e-27%+35%+2%0%-8%
  • Total Scope 3
  • Year-over-Year Change

What are Mastercard's Scope 3 emissions?

In 2024, Mastercard reported total Scope 3 emissions of 463,976 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Mastercard reduced its Scope 3 emissions over time?

Since 2019, Mastercard's Scope 3 emissionshave remained relatively stable, indicating that Mastercard's emissions have plateaued with no significant change in its value chain footprint.ab

Compared to the previous year (2023), Mastercard's Scope 3 emissions remained relatively stable, indicating that Mastercard's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Mastercard disclose?

In 2024, Mastercard reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Mastercard's Scope 3 emissions?

In 2024, the largest contributors to Mastercard's Scope 3 emissions were:a

  • Business Travel (Cat. 6): 30,933 tCOâ‚‚e(43.64%)
  • Employee Commuting (Cat. 7): 27,744 tCOâ‚‚e(39.14%)
  • Fuel- and Energy-Related Services (Cat. 3): 10,569 tCOâ‚‚e(14.91%)

Mastercard's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(14.9%)Business Travel(Cat. 6)(43.6%)Employee Commuting(Cat. 7)(39.1%)

Insights into Mastercard’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Mastercard reported Scope 1 greenhouse gas (GHG) emissions of 2,962 tCOâ‚‚e and total revenues of USD 28,156 millions. This translates into an emissions intensity of 0.11 tCOâ‚‚e per millions USD.a

Mastercard's Scope 1 Emissions Intensity Compared to Peers

505002,00020,000100,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)EAmerican ExpressYear: 2024Scope 1: 21,817 tCO2eRevenue: $M 65,952Scope 1 Intensity: 0.33 tCO2e/$MIPG PhotonicsYear: 2024Scope 1: 41,764 tCO2eRevenue: $M 977Scope 1 Intensity: 42.74 tCO2e/$MSoFi TechnologiesYear: 2024Scope 1: 293 tCO2eRevenue: $M 2,613Scope 1 Intensity: 0.11 tCO2e/$MSLMYear: 2023Scope 1: 157 tCO2eRevenue: $M 1,809Scope 1 Intensity: 0.09 tCO2e/$MCharles SchwabYear: 2022Scope 1: 8,409 tCO2eRevenue: $M 20,763Scope 1 Intensity: 0.41 tCO2e/$MBread Financial HoldingsYear: 2024Scope 1: 933 tCO2eRevenue: $M 3,838Scope 1 Intensity: 0.24 tCO2e/$MUS BancorpYear: 2024Scope 1: 34,015 tCO2eRevenue: $M 27,334Scope 1 Intensity: 1.24 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MCapital One FinancialYear: 2024Scope 1: 7,251 tCO2eRevenue: $M 39,110Scope 1 Intensity: 0.19 tCO2e/$MApollo Global ManagementYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 26,136Scope 1 Intensity: 0.05 tCO2e/$MArthur J. Gallagher & Co.Year: 2024Scope 1: 1,186 tCO2eRevenue: $M 11,559Scope 1 Intensity: 0.10 tCO2e/$MHartford Insurance GroupYear: 2024Scope 1: 5,981 tCO2eRevenue: $M 26,383Scope 1 Intensity: 0.23 tCO2e/$MAlly FinancialYear: 2024Scope 1: 5,585 tCO2eRevenue: $M 8,898Scope 1 Intensity: 0.63 tCO2e/$MEEEquitable HoldingsYear: 2024Scope 1: 1,548 tCO2eRevenue: $M 12,434Scope 1 Intensity: 0.12 tCO2e/$MPayPal HoldingsYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 31,818Scope 1 Intensity: 0.07 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MTruist FinancialYear: 2024Scope 1: 13,382 tCO2eRevenue: $M 13,278Scope 1 Intensity: 1.01 tCO2e/$MKKR & CoYear: 2024Scope 1: 1,860 tCO2eRevenue: $M 21,628Scope 1 Intensity: 0.09 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MVisaYear: 2024Scope 1: 13,510 tCO2eRevenue: $M 35,922Scope 1 Intensity: 0.38 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MWestern UnionYear: 2023Scope 1: 4,132 tCO2eRevenue: $M 4,357Scope 1 Intensity: 0.95 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MProgressiveYear: 2024Scope 1: 32,281 tCO2eRevenue: $M 75,335Scope 1 Intensity: 0.43 tCO2e/$MMastercardYear: 2024Scope 1: 2,962 tCO2eRevenue: $M 28,156Scope 1 Intensity: 0.11 tCO2e/$M

How does Mastercard's GHG emissions intensity compare to its peers?

In 2024, Mastercard reported a Scope 1 emissions intensity of 0.11 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.21, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Mastercard rank on GHG emissions intensity within its industry?

In 2024, Mastercard ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Mastercard is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Mastercard's Total Carbon Footprint

In 2024, Mastercard reported a total carbon footprint of 515,982 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.45% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Mastercard's total carbon footprint was Scope 3 emissions, accounting for 89.92% of the company's total carbon footprint, followed by Scope 2 emissions at 9.5%.a

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