Visa Inc
Visa's GHG Emissions Data Preview
In 2023, Visa 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).
Visa has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Visa’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 Visa’s data sources below and access millions more through our Disclosure Search.
Insights into Visa's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Visa amounted to 77,500 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 2022, the total operational greenhouse gas (GHG) emissions of Visa increased by 15.11%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Visa's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Visa's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Visa were 10,300 metric tons of CO₂ equivalent (tCO₂e). a
Has Visa reduced its Scope 1 emissions over time?
Since 2018, Visa's Scope 1 emissions have increased by 5.1%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Visa's Scope 1 emissions increased by 60.69%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Visa's Scope 2 emissions?
In 2023, Visa reported Scope 2 greenhouse gas (GHG) emissions of 300 tCO₂e using the market-based method and 67,200 tCO₂e using the location-based method. a
Has Visa reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Visa's Scope 2 emissions (Location-Based) rose by 10.31% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Visa use for Scope 2 reporting?
In 2023, Visa reported its Scope 2 emissions using the market-based method and using the location-based method. a
Visa's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Visa's Value Chain Emissions
In 2023, Visa reported 409,500 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 2023 disclosure of Visa includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Visa's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Visa's Scope 3 emissions?
In 2023, Visa reported total Scope 3 emissions of 409,500 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 Visa reduced its Scope 3 emissions over time?
Since 2018, Visa's Scope 3 emissions have decreased by 11.48%, reflecting a declining long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2022), Visa's Scope 3 emissions remained relatively stable, indicating that Visa 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Visa disclose?
In 2023, Visa reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Visa's Scope 3 emissions?
In 2023, the largest contributors to Visa's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 345,300 tCO₂e (84.3%)
- Business Travel (Cat. 6): 32,900 tCO₂e (8.03%)
- Employee Commuting (Cat. 7): 23,100 tCO₂e (5.64%)
Visa's Scope 3 Emissions by Categories
Insights into Visa’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Visa reported Scope 1 greenhouse gas (GHG) emissions of 10,300 tCO₂e and total revenues of USD 32,657 millions. This translates into an emissions intensity of 0.32 tCO₂e per millions USD. a
Visa's Scope 1 Emissions Intensity Compared to Peers
How does Visa's GHG emissions intensity compare to its peers?
In 2023, Visa reported a Scope 1 emissions intensity of 0.32 tCO₂e per millions USD. Compared to the peer group median of 0.26 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Visa rank on GHG emissions intensity within its industry?
In 2023, Visa ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Visa is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Visa's Total Carbon Footprint
In 2023, Visa reported a total carbon footprint of 487,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.34% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Visa's total carbon footprint was Scope 3 emissions, accounting for 84.09% of the company's total carbon footprint, followed by Scope 2 emissions at 13.8%. a