Visa will team with Plan A to offer its Sustainability platform as a part of its FinTech Partner Connect programme to Visa’s issuer network.
Under the terms of the partnership, Visa will offer the Plan A Sustainability Platform, a corporate carbon accounting, decarbonisation, and ESG reporting SaaS solution, to its issuer network.
Plan A claims it aims to empower companies to future-proof their businesses through the partnership and help them stay competitive by managing their net-zero journey at scale in one end-to-end platform.
Furthermore, the alliance is also set to speed up Plan A’s vision to measure and reduce 1 gigatonne of carbon emissions on an annual basis.
The alliance is also set to accelerate Plan A’s vision to measure and reduce 1 gigatonne of CO2e on an annual basis.
New regulations will turn climate risk into financial risk for businesses in the coming months. According to Plan A, its sustainability platform offers a secure, data-driven and scientifically sound software solution for advanced data mapping and processing and scopes 1,2 and 3 emissions, framework-proof ESG reporting, net-zero target setting and decarbonisation planning.
These trusted capabilities, Plan A claims, will enable businesses from Visa’s issuer network to decarbonise their operations and value chains, comply with existing and upcoming ESG regulations, and reduce their strategic risk.
Plan A CEO Lubomila Jordanova said, “Just as Visa has been pioneering digital payment services for decades, it is now also spearheading the facilitation of climate action for businesses. This is why it is an incredible honour for us to announce our exclusive partnership with them today.
“Our ultimate goal is to combine Visa’s strong position with global businesses with our leading sustainability software solutions to enable ever more industries and companies to truly decarbonise their operations and value chains, report on their ESG performance, and become leaders of the sustainable transformation.”
Visa Europe CEO Charlotte Hogg added, “Businesses need transparency about their impact in order to reduce it. As part of our Fintech Partner Connect programme, Plan A brings advanced sustainability services for merchants and financial institutions which complement and strengthen our existing offering and can help businesses drive their own journeys to net-zero.”
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