Mastercard Highlights From London Climate Action Week

Rhea-AI Summary

During London Climate Action Week 2024, Mastercard emphasized the critical role organizations play in promoting a sustainable economy. Cities, as highlighted by Wayne Hubbard of ReLondon and Mayor Sadiq Khan, are pivotal in driving the circular economy, offering economic and job opportunities. Consumers are eager for sustainable options, and companies like IKEA and Vivobarefoot are introducing eco-friendly products and services. Collective engagement through initiatives like Pledgeball and the Priceless Planet Coalition demonstrates significant potential for impactful climate action.

NORTHAMPTON, MA / ACCESSWIRE / July 10, 2024 / Mastercard
Mastercard

After many conversations with governmental, non-profit, and business leaders last week during London Climate Action Week, one thing is clear: there is an incredible opportunity for all organizations to leverage their resources to support the demand-side shift to a sustainable economy.

Here are some key takeaways from Mastercard's LCAW2024 engagements:

Cities can be an incredible incubator for innovation and sustainable behavior change. As Wayne Hubbard FCIWM, CEO of ReLondon noted, cities are the engine room of the circular economy, they are hope for humankind. Mayor of London, Sadiq Khan and the mayors comprising C40 Cities serve as a strong example of how transforming cities to more sustainable systems can create economic and job opportunities and increase connectivity and inclusion.

People want to make more sustainable choices, but they need to be offered products and services that are intuitive, accessible, useful and joyful. From buy-back and trade-in programs, to better for the planet products, to sharing-economy marketplaces, these types of choices are being introduced by leaders and organizations like IKEA, Sea Forest, turn.eco, MY WARDROBE HQ, Library of Things, Brompton Bicycle, and Vivobarefoot.

When people realize that others around them care about the same issue, like climate change, they are more inclined to make a change. And when people are provided fun, integrated ways to get involved around the things they are most passionate about, like sports or music, they are even more inclined to take action. Whether it is gamifying everyday climate action through Pledgeball and UEFA, or donating to restore a tree with the Priceless Planet Coalition and Conservation International, it's clear that collective engagement can make a significant impact.

Let's continue to work together, share our successes, and inspire, inform, and enable one another to shift towards a more sustainable economy.

About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Originally published by Mastercard

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SOURCE: Mastercard

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FAQ

What were the key takeaways from Mastercard's participation in London Climate Action Week 2024?

Mastercard's key takeaways include the pivotal role of cities in the circular economy, the need for intuitive and accessible sustainable products, and the power of collective engagement in driving climate action.

How do cities contribute to the circular economy according to Mastercard's insights from LCAW2024?

Cities are seen as engines of the circular economy, driving innovation and sustainable behavior, as noted by Wayne Hubbard of ReLondon and supported by Mayor Sadiq Khan.

What examples of sustainable products and services were highlighted by Mastercard at LCAW2024?

Mastercard highlighted initiatives like IKEA's buy-back programs, Sea Forest's eco-friendly products, and MY WARDROBE HQ's sharing-economy marketplaces as examples of sustainable products and services.

How does collective engagement contribute to climate action according to Mastercard?

Mastercard believes that collective engagement, through initiatives like Pledgeball and the Priceless Planet Coalition, fosters significant climate action by encouraging community participation in sustainable practices.

What role do intuitive and accessible sustainable products play in consumer behavior according to Mastercard?

Mastercard notes that when sustainable products and services are intuitive, accessible, and enjoyable, consumers are more likely to make environmentally friendly choices.