Visa Squarely Focused on Using 100% Renewable Electricity By End of 2019
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying their brand, products, people, network and scale to reshape the future of commerce.
Visa recently announced its commitment to using 100 percent renewable electricity across its global operations and is squarely focused accomplishing this goal by the end of 2019. Visa is also joining the RE100 initiative, a collaborative, global platform developed by The Climate Group in partnership with CDP to increase demand for and delivery of renewable energy.
To reach 100 percent renewable electricity by the end of 2019, Visa will pursue an approach that emphasizes immediate action across its global facilities portfolio. Today, an estimated 35 percent of Visa’s global electricity consumption comes from a mix of renewable energy sources such as solar, wind, and hydropower.
Working with local utilities and competitive electricity market providers, Visa will pursue renewable electricity options available in each market that best fit its approach to renewable electricity. Visa will seek impactful, local renewable electricity investments in markets where the company has major facilities, including four locations in the U.S. and the U.K. that account for 80 percent of its global electricity use. Visa also will be transitioning the remainder of its footprint toward renewable electricity.