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Mastercard Inc

Common Name
Mastercard
Country
United States
Sector
Financial Services
Industry
Credit Services
Employees
39,800
Ticker
MA
Exchange
New York Stock Exchange
Description
Mastercard Incorporated is a global technology company in the payments industry. The company operates a multi-rail network that facilitates electronic payments and related services for consumers, merc...

Mastercard's GHG Emissions Data Preview

In 2025, 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)2025202420232022-2019
Total Scope 1
3,444a
2,962a
3,556a
Total Scope 2
Market-Based
1,705a
849a
463a
Location-Based
52,294a
49,044a
48,498a
Total Scope 3
457,043a
463,976a
505,491a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.105a
0.1052a
0.1417a
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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.

a. Mastercard's Impact Report 2025
b. Mastercard's Corporate Sustainability Report 2021
c. Mastercard's ESG Report 2023

Insights into Mastercard's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Mastercard amounted to 55,738 metric 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 2024, the total operational greenhouse gas (GHG) emissions of Mastercard increased by 7.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Mastercard's Scope 1 Emissions Over Time

201920202021202220232024202501.5 k3 k4.5 k6 ktCO2e-32%+60%-8%-25%-17%+16%
  • Total Scope 1
  • Year-over-Year Change

What are Mastercard's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Mastercard were 3,444 metric tons of CO₂ equivalent (tCO₂e).a

Has Mastercard reduced its Scope 1 emissions over time?

Since 2019, Mastercard's Scope 1 emissions have decreased by 27.62%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year (2024), Mastercard's Scope 1 emissions increased by 16.27%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Mastercard's Scope 2 emissions?

In 2025, Mastercard reported Scope 2 greenhouse gas (GHG) emissions of 1,705 tCO₂e using the market-based method and 52,294 tCO₂e 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.ac

Compared to the previous year (2024), 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 2025, 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

2019202020212022202320242025015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Mastercard's Value Chain Emissions

In 2025, Mastercard reported 457,043 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Mastercard includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Mastercard's Scope 3 Emissions Over Time

20192020202120222023202420250150 k300 k450 k600 ktCO2e-27%+35%+2%0%-8%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Mastercard's Scope 3 emissions?

In 2025, Mastercard reported total Scope 3 emissions of 457,043 metric tons of CO₂ equivalent (tCO₂e).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.ac

Compared to the previous year (2024), 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 2025, 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 2025, the largest contributors to Mastercard's Scope 3 emissions were:a

  • Business Travel (Cat. 6): 33,188 tCO₂e (45.97%)
  • Employee Commuting (Cat. 7): 27,477 tCO₂e (38.06%)
  • Fuel- and Energy-Related Services (Cat. 3): 9,851 tCO₂e (13.64%)

Mastercard's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(38.1%)Fuel- andEnergy-RelatedServices (Cat. 3)(13.6%)Business Travel(Cat. 6)(46.0%)

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

In 2025, Mastercard reported Scope 1 greenhouse gas (GHG) emissions of 3,444 tCO₂e and total revenues of USD 32,800 millions. This translates into an emissions intensity of 0.11 tCO₂e per millions USD.a

Mastercard's Scope 1 Emissions Intensity Compared to Peers

202005,000100,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)SBI CardYear: 2025Scope 1: 198 tCO2eRevenue: $M 1,736Scope 1 Intensity: 0.11 tCO2e/$MChailease HoldingYear: 2024Scope 1: 4,868 tCO2eRevenue: $M 710Scope 1 Intensity: 6.85 tCO2e/$MEdenredYear: 2024Scope 1: 6,649 tCO2eRevenue: $M 2,972Scope 1 Intensity: 2.24 tCO2e/$ML&T FinanceYear: 2025Scope 1: 386 tCO2eRevenue: $M 1,864Scope 1 Intensity: 0.21 tCO2e/$MRECYear: 2025Scope 1: 306 tCO2eRevenue: $M 2,565Scope 1 Intensity: 0.12 tCO2e/$MMitsubishi HC CapitalYear: 2024Scope 1: 3,093 tCO2eRevenue: $M 12,882Scope 1 Intensity: 0.24 tCO2e/$MIndian Railway FinanceYear: 2025Scope 1: 21 tCO2eRevenue: $M 3,177Scope 1 Intensity: 0.01 tCO2e/$MMuthoot FinanceYear: 2025Scope 1: 129 tCO2eRevenue: $M 1,504Scope 1 Intensity: 0.09 tCO2e/$MPower FinanceYear: 2024Scope 1: 1 tCO2eRevenue: $M 4,000Scope 1 Intensity: 0.00 tCO2e/$MCholaYear: 2025Scope 1: 356 tCO2eRevenue: $M 1,599Scope 1 Intensity: 0.22 tCO2e/$MShriram FinanceYear: 2025Scope 1: 4,236 tCO2eRevenue: $M 2,672Scope 1 Intensity: 1.59 tCO2e/$MBajaj FinanceYear: 2025Scope 1: 6,169 tCO2eRevenue: $M 4,958Scope 1 Intensity: 1.24 tCO2e/$MWestern UnionYear: 2023Scope 1: 4,132 tCO2eRevenue: $M 4,357Scope 1 Intensity: 0.95 tCO2e/$MBread Financial HoldingsYear: 2024Scope 1: 933 tCO2eRevenue: $M 3,838Scope 1 Intensity: 0.24 tCO2e/$MIPG PhotonicsYear: 2024Scope 1: 41,764 tCO2eRevenue: $M 977Scope 1 Intensity: 42.74 tCO2e/$MSLMYear: 2023Scope 1: 157 tCO2eRevenue: $M 1,809Scope 1 Intensity: 0.09 tCO2e/$MAlly FinancialYear: 2024Scope 1: 5,585 tCO2eRevenue: $M 8,898Scope 1 Intensity: 0.63 tCO2e/$MSoFi TechnologiesYear: 2024Scope 1: 293 tCO2eRevenue: $M 2,613Scope 1 Intensity: 0.11 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MAmerican ExpressYear: 2024Scope 1: 21,817 tCO2eRevenue: $M 65,952Scope 1 Intensity: 0.33 tCO2e/$MPaypal HoldingsYear: 2025Scope 1: 2,100 tCO2eRevenue: $M 33,175Scope 1 Intensity: 0.06 tCO2e/$MCapital One FinancialYear: 2024Scope 1: 7,251 tCO2eRevenue: $M 39,110Scope 1 Intensity: 0.19 tCO2e/$MVisaYear: 2025Scope 1: 12,635 tCO2eRevenue: $M 39,997Scope 1 Intensity: 0.32 tCO2e/$MMastercardYear: 2025Scope 1: 3,444 tCO2eRevenue: $M 32,800Scope 1 Intensity: 0.11 tCO2e/$M

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

In 2025, Mastercard reported a Scope 1 emissions intensity of 0.11 tCO₂e per millions USD. Compared to the peer group median of 0.22, 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 2025, Mastercard ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 2025, Mastercard reported a total carbon footprint of 512,781 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.62% decrease compared to 2024, 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 89.13% of the company's total carbon footprint, followed by Scope 2 emissions at 10.2%.a

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