Mastercard Corporate Sustainability Report 2020
Mastercard has released its 2020 Corporate Sustainability report, covering how the company has responded to the challenges of the infamous year. The global technology company, headquartered in New York, with a revenue of over $15, is on a mission is to connect and power an inclusive economy to benefit all.
Here are some of the highlights covered in the report:
- Supported workforce with no COVID-related layoffs in 2020
- Investment in new mental and physical wellbeing policies
- Reached the million-girl milestone, since the start of the STEM-based Girls4Tech programme, leading Mastercard to commit to engaging five million girls by 2025.
- Committed to reaching net-zero greenhouse gas emissions by 2050 across our operations and value chain, building on our existing science-based target.
- Issued a $600 million sustainability bond to support carbon reduction, supporting environmental choices for customers, and fostering inclusive growth.
- Launched the Priceless Planet Coalition with now more than 60 partners with a goal to restore 100 million trees over five years.
- Exceeded 10 million cards made from approved sustainable materials using Mastercard’s Sustainable Card Materials Directory.
- Committed to increase annual spending with Black suppliers by more than 70%, to $100 million annually by 2025.
- Announced the new Enhanced Contactless (Ecos) specifications, applying the latest quantum-resistant technologies to deliver enhanced privacy, security and trust for the next generation of contactless payments.
CEO Michael Miebach has always put environmental sustainability first, alongside diversity and inclusive tech.
The weariness of the pandemic has not prevented Mastercard from upholding its values.
“This unprecedented year reinforced how important it is for us to help those in need today and continue to build a more inclusive and sustainable world,” said Miebach, Mastercard chief executive officer. “For us, sustainability means ensuring everyone has the same opportunities to grow and thrive in alignment with the planet. This year’s report is a reflection of all that we have achieved and marks an important moment to share the progress we continue to make together."
Jacobs amplifies sustainability practices with PlanBeyond 2
Civil engineering group, Jacobs, is reinforcing environmental, social and governance (ESG) alignment across the business, through the implementation of a new global approach, PlanBeyondSM 2.0. This will propel the integration of sustainability throughout operations and client solutions.
Jacobs provides consulting and project delivery, for both the government and the private sector. The company is headquartered in Dallas, Texas and has a revenue of US$13bn.
With the launch of PlanBeyond 2.0, sustainability will be even more deeply integrated into Jacobs' global workforce. PlanBeyond 2.0 continues Jacobs' commitment to embed sustainability across all solutions — with accelerated investment in ESG growth sectors including energy transition, sectoral decarbonisation, environmental stewardship, health and social value.
Jacobs aims to hit its sustainability targets
In 2015, the United Nations set up the 17 Sustainable Development Goals, targets agreed to by all United Nations Member States to end poverty, support the environment and create social wellbeing.
Jacobs believes that all 17 of the goals are interconnected. Through stakeholder engagement and assessment, Jacobs has identified six core SDGs, which have been turned into business objectives:
- To advance the health and wellbeing of society
- Deliver solutions for the global water and sanitation crisis
- Foster a culture of technology and innovation
- Create a fair and inclusive future for all
- Develop efficient solutions that deliver net environmental and societal gain
- Address the climate emergency
Jacobs’ employees will expand their understanding of sustainability
Additionally, Jacobs will educate and empower its employees across the company by increasing their knowledge of sustainability, so that all client solutions across its global markets can be designed to contribute toward a resilient future. Employees will:
- Have access to training courses
- Be offered project tools to reinforce sustainability plans and targets
- Be introduced to climate risk and resilience practices
"As a purpose-led company, we recognise that our biggest opportunity to positively address climate change and societal inequalities comes from the solutions we provide our clients — from the world's largest infrastructure projects to mission-critical outcomes and sustainable design", said Steve Demetriou, Jacobs Chair and CEO. "We consider it not only good business, but our obligation to channel our expansive capabilities in resilient infrastructure, regenerative design, clean water, green energy and social value toward benefitting people and the planet, while continuing to outperform and drive superior stakeholder value."
Sustainability at Jacobs means ‘Pursuing long-term business resilience and success while positively contributing toward the economy, society and the environment’ - this can’t be done without the Jacobs team understanding why sustainability is so important and achievable.