Annual Sustainability Report Focuses on Action, Impact on Society, Economy and Planet
Published 08-27-20
Submitted by MasterCard Center for Inclusive Growth
Mastercard has released its 2019 Sustainability Report outlining its progress towards building a more inclusive and sustainable digital economy. The report charts impact and progress against four areas: Inclusive Growth; Our People and Culture; Environmental Stewardship; and Ethical and Responsible Standards.
The report details how we are bringing our purpose statement – Connecting Everyone to Priceless Possibilities – to life and building toward a world where people can reach their full potential, economic growth is inclusive, and the planet thrives.
The report also outlines Mastercard’s support for employees, customers and communities in response to the Covid-19 pandemic. This includes a $250 million contribution in resources and funding to help small businesses recover and build resilience.
In his opening letter Ajay Banga, CEO of Mastercard, states: “We seek to integrate environmental considerations not just into our practices, but to offer consumers the opportunity to do so, too. We strive to pursue commercially-sustainable social impact that can deliver short-term gains while also building longer-term systems that help set everyone up for success. And all of this means we have to organize ourselves around sound and ethical business practices that are guided by clear and sustainable purposes.”
“We set our workforce up for success first — through culture, inclusion, development and opportunity — so our employees can set up our business for success in the long run.”
Highlights of the report include:
Inclusive Growth
Our People and Culture
Environmental Stewardship
Ethical and Responsible Standards
The full 2019 ‘Doing Well by Doing Good’ report can be found here.
Read here about Mastercard’s steps to address racial injustice. The company’s action plan - In Solidarity: Standing Against Racism and Advancing Equal Opportunity for All – outlines the change we must drive for our people, for the market and for society at large – around the world.
About the Mastercard Center for Inclusive Growth
The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world. The Center leverages Mastercard’s core assets and competencies, including data insights, expertise, and technology, while administering the philanthropic Mastercard Impact Fund, to produce independent research, scale global programs and empower a community of thinkers, leaders and doers on the front lines of inclusive growth. For more information and to receive its latest insights, follow the Center on LinkedIn and subscribe to its newsletter.
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