Mastercard and Partners Launch Priceless Planet Coalition to Act on Climate Change - Seite 3

1 IPCC Intergovernmental Panel on Climate Change Special Report: Global Warming of 1.5°C, Oct. 2018

Working closely with local and indigenous communities, Conservation International has protected or restored over 6 million square kilometers of land and sea across more than 70 countries. With experts and staff in place in 29 countries and 2,000 partners worldwide, Conservation International will implement and ensure the project’s long-term success. WRI will bring sound science, robust monitoring practices and a landscape approach to the project. WRI will leverage a global network of financial, technical and government partners through platforms like AFR100 and Initiative 20x20 and will collaborate with partner One Tree Planted to direct on-the-ground resources to each stage of the planting process and provide project reporting and quality storytelling.

As the climate continues to change, remediation mechanisms may also need to change and advances in science may present new opportunities. In order to ensure that Mastercard’s efforts are informed and remain appropriate, the company is appointing an Advisory Committee. These experts will inform and guide the program, bringing the benefit of the latest scientific data and insights.

“We believe business must play a significant role in helping the planet thrive, because economic growth cannot come at the expense of the planet. Mastercard cares about the planet, as do our partners, consumers and employees, so we're committed to using the power of our network to enable a sustainable and prosperous economy,” said Kristina Kloberdanz, chief sustainability officer, Mastercard.

Building on A Proven Track Record

In 2013, Mastercard established the Center for Inclusive Growth to advance sustainable and equitable economic growth and financial inclusion around the world. The Center’s research and programs have underlined independent evidence that the impacts of climate change are felt particularly by the most vulnerable, making the fight against climate change an essential part of inclusive growth and, therefore, a necessary part of our “doing well by doing good” mission.

Notes to editors:

Members of the Priceless Planet Coalition had the following to say:

Gonca Latif-Schmitt, Managing Director, Global Head of Commercial Cards, Citi Treasury and Trade Solutions: “As one of the world's leading financial services companies, Citi is working to incorporate sustainability principles into everything we do to help ensure business success contributes to a strong global economy. A critical part of this work involves delivering client-focused solutions that have the potential to achieve a global impact on the sustainability challenges facing the world. With that in mind, Citi Commercial Cards is excited to work with Mastercard on the Priceless Planet Coalition to help us execute under a singular effort for a greater impact.”