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Visa achieves 100% renewable power objective

Author: reynermedia. Licence: Creative Commons, Attribution.

January 15 (Renewables Now) - US payments technology company Visa Inc (NYSE:V) announced today it has fulfilled its objective to use 100% renewable power by 2020.

Visa set this goal in 2018 and then took actions to pursue it, making use of the renewable electricity options available in each market it operates in. The company has made investments in renewable power in markets where it has major facilities, including in the US and the UK. These account for about 80% of its global power use, according to the announcement.

The payment products provider was enrolled in renewable electricity programmes offered by Total Energy in the UK, Xcel Energy in Colorado, Austin Energy in Texas and Peninsula Clean Energy in the San Francisco Bay Area.

In total, Visa has 131 offices in 76 countries and four global processing centres. It now mitigates the greenhouse gas emissions from the power it consumes, thus lowering its operational emissions by nearly 90% versus the company’s 2014 baseline.

Visa is a member of the RE100 collaborative initiative that brings together influential businesses committed to 100% renewable power.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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