Visa Reaches 100 Percent Renewable Energy Goal
Will Visa’s announcement make some consumers feel warm and fuzzy when they pay their credit card bills?
Financial giant Visa Inc. two years ago committed to meet all of its energy needs with 100 percent renewable electricity by 2020. The year has just begun, but Visa announced it already has met its goal.
The credit card company worked with local utilities and competitive electricity market providers to identify renewable electricity options. Visa explained it made local renewable electricity investments in markets where the company has major facilities, including four locations in the United States and the U.K. that account for 80 percent of its global electricity use.
“At Visa, we see both a responsibility and an opportunity to make broad shifts toward a sustainable and inclusive future,” said Al Kelly, Visa CEO. “I’m proud of the investments we’ve made in our infrastructure to reach this important renewable energy milestone. We will continue to prioritize advancing the role of our business and industry in transitioning to a cleaner global economy.”