MasterCard Tracks Carbon Emissions Of Corporations Worldwide
MasterCard uses the data from credit-card purchases to allow businesses to view detailed information on their travel-related carbon emissions.
MasterCard and Brighter Planet have collaborated on a new program to assist businesses interested in tracking their environmental impact while traveling. TheÂ MasterCard Carbon Emissions Reporting feature inserts purchase data from flights, rental cars, hotels and travel purchases into a carbon-scoring algorithm that helps businesses find out if they are meeting their own environmental benchmarks. The program is intended give companies deeper insights into their travel purchases so that they can in turn, make more environmentally-friendly decisions.
Jay Singer, group head of U.S. Commercial Products at MasterCard Worldwide, stated in a recent press release:
We continue to innovate and expand our enhanced data initiatives to help businesses more efficiently manage their corporate card programs and meet current and future analytical needs. This collaboration with Brighter Planet will help companies with MasterCard corporate card programs continue to evaluate the impact their travel activities and corporate buying decisions have on their broader sustainability initiatives.
Image provided by Lee Jordan