Plan A welcomes a new partner that will aim to accelerate corporate climate action. Visa, the world leader in digital payments, announced on December 7th, an exclusive long-term partnership with Plan A Sustainability Platform in an effort to drive the green economic transformation of businesses globally.
Under the agreement, Visa will offer the Plan A Sustainability Platform to its issuer network as part of its Fintech Partner Connect program. The two companies hope to empower companies to future-proof their businesses in terms of climate change risks that normally translate into financial risks.
The alliance is also set to accelerate Plan A’s vision to measure and reduce 1 gigatonne of CO2 equivalent emissions on an annual basis.
“…Our ultimate goal is to combine Visa’s strong position with global businesses with our leading sustainability software solutions to enable ever more industries and companies to truly decarbonize their operations and value chains, report on their ESG performance, and become leaders of the sustainable transformation,” says Lubomila Jordanova, CEO of Plan A.
Charlotte Hogg, CEO of Visa Europe also comments that Plan A complements and strengthens its existing offering – the Fintech Partner Connect program and can help businesses drive their own journeys to net zero.
Plan A’s solution empowers businesses to self-manage their net-zero journey and reduce their absolute emissions by at least 5% annually and by up to 50% over 10 years. The Sustainability Platform offers businesses the means to manage the entire end-to-end net-zero journey in one SaaS solution.
The tool automatically maps all necessary data across Scopes 1, 2, and 3 and merges it with national emission factors and datasets. According to the company, the software is able to create individual emissions profiles and provide granular carbon and ESG insights in dynamic dashboard overviews.
Plan A platform is capable of indicating 1,000+ decarbonization solutions and activities, best practices, as well as a network of service providers and sustainability professionals. It enables companies to set science-based net-zero targets and achieve them. At the end of this process, it produces regulation-proof ESG reporting.