MasterCard Commits to Greenhouse Gas Emissions Targets
January 11, 2018 // Boston, MA – Trillium Asset Management commends MasterCard, Inc. for setting an absolute reduction target for scope 1 and 2 greenhouse gas (GHG) emissions and for further committing to pursue a science-based reduction target in the next two years. Once this science-based target is established it means MasterCard will be playing its part to limit global temperature rise to the internationally agreed upon 2°C limit.
Trillium believes this target will propel the company to meaningful emissions reductions that are necessary for the planet, while also generating bottom line benefits. One study from the World Wildlife Fund, CDP, and McKinsey & Company found companies with GHG targets achieved an average of 9% better return on investment than companies without such targets.
While these commitments are the culmination of an ongoing engagement and shareholder proposal that Trillium filed in 2016, alongside the Sustainability Group of Loring, Wolcott & Coolidge, we are also pleased with the additional work MasterCard has undertaken to strengthen its approach to sustainability. To wit, MasterCard appointed Executive Vice President of Corporate Sustainability, Shamina Singh, contracted a reputable sustainability consultant to aid in the target setting process, and restructured its staff to better track its climate change strategies and policies. These steps, combined with its new GHG ambitions, position MasterCard as a company that is striving to do its part to address climate change.
For more information: Caroline White, Communications Manager, cwhite[at]trilliuminvest.com
Important Disclosure. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. This is not a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. The specific securities were selected on an objective basis and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes only.