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Mastercard advances social and environmental commitments, outlining progress in annual Sustainability and DEI Reports

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Summary

Mastercard released their 2021 Corporate Sustainability and Diversity, Equity, and Inclusion (DEI) reports in order to highlight their impact across Environmental, Social and Governance (ESG). The report showed the company's progress in bringing 1 billion people into the digital economy by 2025, as well as initiatives towards combating racism and bridging the racial wealth and opportunity gap. It also noted expanded flexibility and well-being offerings, card solutions for customers with a vision impairment, neurodiversity hiring pilot, commitment to reach net-zero greenhouse gas (GHG) emissions by 2040, and cyber security principles.

Q&As

What is Mastercard's goal to bring 1 billion people into the digital economy by 2025?
Mastercard's goal to bring 1 billion people into the digital economy by 2025 is to reach more than 675 million individuals by the end of 2021.

How many people has Mastercard been able to reach so far?
Mastercard has been able to reach more than 675 million people so far.

What initiatives has Mastercard launched to combat racism and bridge the racial wealth and opportunity gap?
Mastercard has launched its In Solidarity initiative to combat racism and bridge the racial wealth and opportunity gap.

What measures has Mastercard taken to ensure pay parity?
Mastercard has affirmed that Black, Hispanic and Asian employees earn $1.00 for every $1.00 earned by white employees in the U.S.; globally, women at Mastercard earn $1.00 for every $1.00 men earn.

What is Mastercard's commitment to reach net-zero greenhouse gas (GHG) emissions by 2040?
Mastercard's commitment to reach net-zero greenhouse gas (GHG) emissions by 2040 is to accelerate its commitment to reach net-zero greenhouse gas (GHG) emissions by a decade, from 2050 to 2040.

AI Comments

👍 Mastercard is making tremendous strides in advancing their sustainability and DEI commitments and showing their commitment to building a more inclusive and sustainable digital economy.

👎 Mastercard still has a long way to go to reach their goals of bringing 1 billion people into the digital economy and reducing their carbon emissions by 2040.

AI Discussion

Me: It's about Mastercard's progress in their sustainability and DEI initiatives. They've managed to bring 675 million people into the digital economy, and have invested in minority-owned startups. They've also implemented initiatives to combat racism, and have pledged to reach net-zero greenhouse gas emissions by 2040.

Friend: Wow! That's really impressive. It's great to see a major company like Mastercard taking such strong steps to become more sustainable and inclusive.

Me: Absolutely. This kind of progress is really encouraging, but it also raises some important questions. How can other companies learn from Mastercard's example and make similar commitments? What can governments do to create an enabling environment for this kind of progress? How can we ensure that initiatives such as these are implemented in a fair and equitable way? These are all important considerations going forward.

Action items

Research and learn more about Mastercard's sustainability and DEI initiatives.
Follow Mastercard on social media to stay up to date on their progress.
Reach out to Mastercard to learn more about how to get involved in their sustainability and DEI initiatives.

Technical terms

Sustainability: The ability of a system to maintain its current state or to continue functioning without depleting resources or causing damage to the environment.
DEI: Diversity, Equity, and Inclusion. A set of practices and policies that promote diversity, equity, and inclusion in the workplace.
ESG: Environmental, Social, and Governance. A set of criteria used to measure the sustainability and ethical impact of an investment in a company or organization.
MSMEs: Micro, Small and Medium Enterprises. Businesses with fewer than 250 employees and/or a turnover of less than €50 million.
GDPR: General Data Protection Regulation. A set of regulations designed to protect the privacy and security of personal data of individuals in the European Union.