Mastercard Incorporated



Financial Services



2000 Purchase Street, Purchase, NY 10577

Tel: 914-249-2000



  • Top 50 Companies for Diversity Diversity Inc.
  • #211 World’s Best Employers 2020
  • #13 Just Companies 2021
  • America’s Best Employers By State 2020
  • #97 Best Employers for Women 2020
  • #38 World’s Most Valuable Brands 2020
  • #275 Global 2000 2020
  • #56 Best Employers for Diversity 2020
  • #9 Top Regarded Companies 2019
  • #73 America’s Best Employers 2019
  • Blockchain 50 2019
  • #46 World’s Most Innovative Companies 2018
  • #110 America’s Largest Public Companies 2018
  • Change the World list Fortune




Kristina Kloberdanz   


  • FTSE4Good
  • World’s Most Admired Companies Fortune 
  • World’s Most Ethical Companies Ethisphere
  • Dow Jones Sustainability North America Index
  • Gender Equality Index Bloomberg
  • Gold-Level Green Lease 2020



Report created by Cec Ehrhard   

Mastercard Incorporated

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Mastercard is a financial service corporation headquartered in Purchase, New York. Mastercard was originally founded in 1966 as the Interbank Card Association. The transformation to Mastercard occured from the coalition of a number of bankcard associations. Mastercard became a public company in 2006 and traded on the NYSE.

Mastercard’s mission is to “work to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. [Their] decency quotient, or DQ, drives our culture and everything we do inside and outside of our company.”

Company Sustainability Activity

According to MasterCard:

“Sustainability at Mastercard is at the core of our business strategy; it’s an imperative stated in our purpose.”


  • “B” score CDP climate change
  • “A” grade for Supplier Engagement 
  • Joined RE100 – commitment to continue using 100% renewable energy across all global operations
  • First in the payments industry to receive approval from the Science Based Targets initiative (SBTi) for updated emissions target, which aligns to a 1.5-degree Celsius climate trajectory
  •  Achieved 100% recycling for electronic waste.


  •  38% absolute reduction in Scope 1 and 2 greenhouse gas emissions by 2025 from our 2016 base year and 20% reduction in Scope 3 emissions over the same period.


People and Culture

  • As of September 1, 2019, women represented nearly 40% of our global workforce and 32% of our senior management roles
  • In the U.S., racial and ethnic minorities represented 37% of our workforce and 33% of our senior management
  • Women Earned $1.000 for every $1.000 men earned. In the U.S.,racial and ethnic minorities earned $1.005 compared to every $1.000 earned by white employees 
  • All employees have the opportunity to receive a contribution of 10% of base pay, on a matched basis to employee retirement plans. Employee participation reached over 92% in 2019
  • Approximately 39% of employees supported more than 3,400 charities through monetary donations or by contributing more than 73,000 volunteer hours to support these charities

Climate Change

  • At present, Mastercard has lowered Scope 1 and 2 emissions by 43% from 2016, and Scope 3 by 40%
  • The company launched the Priceless Planet Coalition in January 2020, pledging to plant 100 million trees over the years with partners who share a commitment to doing well by doing good
  • Today, nearly 85% of their global workspace meets regional or international green certification standards
  • Mastercard increased their goal to 85% waste diversion in 2020, with an eventual goal of zero waste in their facilities in the U.S.
  • In October 2020, Mastercard celebrated their first year since the launch in Uganda of the Pay on Demand solar initiative

Inclusive Growth 

  • MasterCard Foundation is focused on helping economically disadvantaged young people in Africa to find opportunities to move themselves, their families, and their communities out of poverty to a better life. The goal is to enable 30 million young people to secure dignified and fulfilling work by 2030.
  • The MasterCard Impact Fund committed $93.5 million toward inclusive growth, as of Dec. 31, 2019.
  • The company established a $50 million collaborative effort with the Rockefeller Foundation to advance the field of data science for social impact, and launched a platform to bring partners onboard.
  • In 2015, the company set an ambitious goal to bring 500 million individuals into the financial system by 2020. As that goal has been met, MasterCard has raised the total commitment to 1 billion people worldwide by pledging to bring another 500 million people into the digital economy by 2025.


UN Sustainable Development Goals

UN SDGs Compliance


  • Expanded the Scholars Program at the tertiary level to advance transformative leadership and youth transitions in support of socio-economic transformation in Africa
  • Fifteen thousand young people will be added to the Program with a focus on excluded populations, refugees, displaced youth, people with disabilities, and women


  • MasterCard has invested in global consumer research to better understand women’s financial needs and behaviors across 18 markets
  • Developed Women by Design, which is a proprietary framework for designing more inclusive financial solutions
  • MasterCard launched Women Sparks, a design thinking innovation workshop focused on working with company partners on women-centric concept development


  • MasterCard launched innovative programs across more than 125 countries, successfully bringing 500 million previously unbanked individuals into the formal economy

SDG 16

  • In 2012, 57% of Mastercard’s employees were U.S.-based and most employees came from the banking industry. Today, 61% of employees work in 79 countries outside the U.S. The employees have a wider range of skills than at any time previously — and are the most diverse they’ve ever been, from senior leadership down
  • The company covers a core package of global benefits and supplemental benefits for employees who need to meet local and regional needs
  • Cyber and intelligence: the company offers integrated products and services to prevent, detect and respond to fraud and cyberattacks

SDG 17

  • Mastercard sponsors more than 30 organizations representing diverse communities, including: Black / African American, People With Disabilities, Hispanic / Latino, LGBTQ+, Woman, Veterans, All Communities.
  • Since their partnership with the World Food Programme (WFP) began, MasterCard and its cardholders have donated a total of $26.9 million to fund the equivalent value of more than 107 million meals.
  • MasterCard is a member of several sustainability organizations and peer networks focused on environmental, social and governance topics. Memberships include: BSR, Business Ambition for 1.5°C, CECP, The Conference Board, Corporate Eco Forum, Global Reporting Initiative, GreenBiz Executive Network, Green Lease Leaders, Sustainability 50 (part of World 50), Sustainable Brands, Sustainable Purchasing Leadership Council, Together with Nature, UN Global Compact, Green Building Council

Secondary SDGs : 13


Mastercard has made progress over the past several years to make the company more inclusive and diverse. They lack substantial progress made towards the environment, and have set modest reduction in emissions targets. Likewise, the company has not pledged to become carbon neutral by a certain date. The company does not have clearly stated SDGs, as the goals created on this report have been taken from different sections of MasterCard sustainability activities. MasterCard only has one main target in place to reach. The company have been given a “C” rating.

Analysis Outlook: Negative

Mastercard is receiving a negative outlook because they have limited targets and goals. Likewise, they only have two certifications. With regard to sustainability, the company has a lot of room to grown, and must identify more specific sustainability targets and SDGs, as well as communicate how they will work toward achieving them.

Key Points

  •  No clear SDGs or KPIs
  •  Only one clearly stated target
  •  Lengthy sustainability report with minimal substance 





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