Global payments giant Visa has made a major commitment to renewable energy by pledging to use 100 percent renewable electricity across global operations by the end of next year. Visa has joined a global initiative called RE100 which includes some of the top companies globally and they’re all committed to shifting their energy needs to renewable sources. Some of the other members of this initiative include Apple, Microsoft, and HSBC.
“For Visa, this announcement is an example of our longstanding commitment to operate as a responsible, ethical and sustainable company, while fostering economic growth,” said Visa CEO Al Kelly in a statement issued to the press.
This commitment is part of several initiatives that Visa has taken to improve its environmental credentials. They include a composting and recycling program as well as the use of more efficient lighting. It’s also trying to offset its transportation impact by rely more on virtual meetings, employee shuttles, and public transport subsidies.
Almost 35 percent of Visa’s global electricity consumption currently comes from a mix of renewable energy sources while three quarters of its greenhouse gas emissions originate from its office buildings and data centers.
Visa will now invest in renewable sources of energy particularly in the United States and the United Kingdom where four of its facilities account for 80 percent of its global electricity use.