Builds on Mastercard’s pledge to achieve net zero emissions by 2050 and commitment to bring 1 billion people and 50 million small businesses into the digital economy by 2025
PURCHASE, N.Y., March 3, 2021 /3BL Media/ – Mastercard today announced that it has successfully priced a $600 million Sustainability Bond at a fixed rate of 1.90%. This milestone further supports the company’s work to build an inclusive and sustainable digital economy through commercially sustainable social impact. Mastercard’s global commitments include reaching net zero emissions by 2050 and bringing 1 billion people and 50 million small businesses into the digital economy by 2025.
A New Analysis of Mastercard Data Finds Uneven Spending Declines in Communities Across the City
It was just one year ago when we first heard of a new coronavirus in Wuhan, China, that was threatening to turn into a pandemic. Just months later it had spread to nearly every corner of the globe, leaving death and economic hardship in its wake.
As we know now, the hardship was not equally shared. Black and Latino communities were disproportionately affected—both by illness and loss of employment.
PURCHASE, N.Y., January 26, 2021 /3BL Media/ – Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by 2050. Understanding that economic growth cannot come at the expense of the planet, the company’s global action plan aims to continue to reduce greenhouse gases (GHG) by remaining focused on the decarbonization of its operations and bolstering its efforts to decarbonize its supply chains.
A novel tool from the Center helps drive investment to overlooked, underinvested areas.
Natasha Pacley discovered a talent for cooking at a young age at her grandmother’s side. She had her sights set on sharing those recipes with the world, but life would intervene before she could get back to her love. Homeless at age 18, Natasha found her way to culinary school and worked her way back to stability.
Our global economic system has enabled billions to lift themselves from poverty. It fueled material success and sustained improvements in health, literacy, and nutrition. As a result, we have seen rising living standards, significant advances in technology, soaring innovation and strong social progress.
However, the benefits of economic growth were not always fairly or broadly distributed, and the models of our past successes might not be those that could lead us into a new era of sustained and shared prosperity.
Leading climate science experts join Advisory Committee; Coalition partners launch consumer activations across the globe to support planting 100 million trees
PURCHASE, NY, October 20, 2020 /3BL Media/ – The current pandemic has underscored how interconnected our world has become – and that the health and well-being of our planet is deeply linked to that of our people. As wildfires ravage many parts of the world, from the U.S. west coast to Brazil and Australia, and we experience some of the most extreme weather events on record, we must urgently invest in innovative ways to inspire collective action to address climate change.
How the Mastercard Center for Inclusive Growth is collaborating with Grameen America and other community development finance institutions (CDFIs) to help expand access to capital for underserved entrepreneurs.
Sheila founded Liha, her mobile boutique in a converted delivery truck, in the heart of New York City’s Harlem community. For the past few years, she and her shop have been fixtures in the neighborhood, where the store thrived. “When people see more women of color running and owning (businesses) and living independently, that empowers not only the community but the world,” says Sheila, who is Black.
By Marla Blow, Senior Vice President of Social Impact, North America, Mastercard Center for Inclusive Growth
Inclusive growth ensures that the benefits of a growing economy extend to all segments of society, and research suggests that productivity is determined less by a person's skills and abilities, and more by their access to the vital networks that power the modern economy. But access to these physical, virtual and social networks is not equally available, and Black people have been deliberately excluded from these networks.
Furthering longstanding financial inclusion efforts to bring more people and small businesses into the digital economy, the company will bring equitable financial tools, investment and partnerships to cities across the U.S.