Mastercard: Planting Seeds of Change: How People and Partnerships Tackled Climate Change in 2024
Mastercard highlighted significant climate change initiatives and partnerships throughout 2024, demonstrating tangible progress in environmental protection and community resilience. The company's climate risk team, led by Montana Eck, implemented infrastructure adaptations including heat-reflective surfaces and elevated equipment in flood-prone areas.
Key initiatives included the Priceless Planet Coalition's expansion to 22 global sites, aiming to restore 100 million trees. The coalition partnered with Green Forests Work, which planted over 7 million trees across six states, including 100,000 trees in Martin County, Kentucky.
The company also supported climate-smart innovations through its Climate Smart Innovation Hub, showcasing over 70 banking solutions for environmental sustainability. Notable projects included Abalobi's technology platform for small-scale fishers and the Reach Alliance's work with Kenyan communities on mangrove restoration, which demonstrated five key factors for boosting climate resilience in vulnerable communities.
Mastercard ha evidenziato iniziative e collaborazioni significative per il cambiamento climatico nel corso del 2024, dimostrando progressi tangibili nella protezione ambientale e nella resilienza delle comunità. Il team di gestione del rischio climatico dell'azienda, guidato da Montana Eck, ha attuato adattamenti infrastrutturali, tra cui superfici riflettenti al calore e attrezzature elevate nelle aree soggette a inondazioni.
Le iniziative chiave hanno incluso l'espansione della Priceless Planet Coalition a 22 siti globali, con l'obiettivo di ripristinare 100 milioni di alberi. La coalizione ha collaborato con Green Forests Work, che ha piantato oltre 7 milioni di alberi in sei stati, inclusi 100.000 alberi nella Contea di Martin, Kentucky.
L'azienda ha anche sostenuto innovazioni a favore del clima attraverso il suo Climate Smart Innovation Hub, mostrando oltre 70 soluzioni bancarie per la sostenibilità ambientale. Progetti notevoli hanno incluso la piattaforma tecnologica di Abalobi per i pescatori su piccola scala e il lavoro della Reach Alliance con le comunità keniane per il ripristino delle mangrovie, dimostrando cinque fattori chiave per rafforzare la resilienza climatica nelle comunità vulnerabili.
Mastercard destacó iniciativas y asociaciones significativas sobre el cambio climático a lo largo de 2024, demostrando avances tangibles en la protección del medio ambiente y la resiliencia comunitaria. El equipo de riesgos climáticos de la empresa, liderado por Montana Eck, implementó adaptaciones de infraestructura, incluyendo superficies reflectantes al calor y equipos elevados en áreas propensas a inundaciones.
Las iniciativas clave incluyeron la expansión de la Priceless Planet Coalition a 22 sitios globales, con el objetivo de restaurar 100 millones de árboles. La coalición se asociaron con Green Forests Work, que plantó más de 7 millones de árboles en seis estados, incluyendo 100,000 árboles en el Condado de Martin, Kentucky.
La empresa también apoyó innovaciones favorables al clima a través de su Climate Smart Innovation Hub, mostrando más de 70 soluciones bancarias para la sostenibilidad ambiental. Proyectos notables incluyeron la plataforma tecnológica de Abalobi para pescadores a pequeña escala y el trabajo de la Reach Alliance con comunidades kenianas en la restauración de manglares, que demostraron cinco factores clave para aumentar la resiliencia climática en comunidades vulnerables.
마스터카드는 2024년 동안 중요한 기후 변화 이니셔티브와 파트너십을 강조하며, 환경 보호와 지역사회의 회복력에서 실질적인 진전을 보여주었습니다. 몬태나 에크가 이끄는 회사의 기후 위험 팀은 열 반사 표면 및 홍수 위험 지역에서의 고개 장비를 포함한 인프라 조정을 시행했습니다.
주요 이니셔티브에는 1억 그루의 나무를 복원하는 것을 목표로 하는 프라이스리스 플래닛 연합의 22개 글로벌 사이트로의 확장이 포함되었습니다. 이 연합은 6개 주에서 700만 그루 이상의 나무를 심은 그린 포레스트 워크와 협력했습니다. 이 중 10만 그루는 켄터키주 마틴 카운티에 심어졌습니다.
회사는 또한 기후 스마트 혁신 허브를 통해 기후 친화적 혁신을 지원하여 환경 지속 가능성을 위한 70개 이상의 은행 솔루션을 선보였습니다. 주목할 만한 프로젝트에는 소규모 어부를 위한 아발로비의 기술 플랫폼과 킨냐 지역 사회와의 맹그로브 복원을 위한 리치 얼라이언스의 작업이 포함되어 있으며, 이는 취약한 지역 사회의 기후 회복력을 높이는 다섯 가지 핵심 요소를 보여주었습니다.
Mastercard a mis en avant d'importantes initiatives et partenariats concernant le changement climatique tout au long de 2024, démontrant des progrès tangibles en matière de protection de l'environnement et de résilience des communautés. L'équipe de gestion des risques climatiques de l'entreprise, dirigée par Montana Eck, a mis en œuvre des adaptations d'infrastructure, y compris des surfaces réfléchissantes à la chaleur et des équipements surélevés dans les zones sujettes aux inondations.
Les initiatives clés comprenaient l'expansion de la Priceless Planet Coalition à 22 sites mondiaux, visant à restaurer 100 millions d'arbres. La coalition a collaboré avec Green Forests Work, qui a planté plus de 7 millions d'arbres dans six États, dont 100 000 arbres dans le comté de Martin, Kentucky.
L'entreprise a également soutenu les innovations durables grâce à son Climate Smart Innovation Hub, présentant plus de 70 solutions bancaires pour la durabilité environnementale. Les projets notables comprenaient la plateforme technologique d'Abalobi pour les pêcheurs à petite échelle et le travail de la Reach Alliance avec les communautés kényanes sur la restauration des mangroves, qui ont démontré cinq facteurs clés pour renforcer la résilience climatique dans les communautés vulnérables.
Mastercard hob bedeutende Initiativen und Partnerschaften im Bereich Klimawandel im Jahr 2024 hervor, die greifbare Fortschritte im Umweltschutz und in der Resilienz der Gemeinschaften zeigten. Das Klima-Risiko-Team des Unternehmens, geleitet von Montana Eck, implementierte Infrastrukturmaßnahmen wie wärmereflektierende Flächen und erhöhte Ausstattungen in hochwassergefährdeten Gebieten.
Wichtige Initiativen umfassten die Ausweitung der Priceless Planet Coalition auf 22 globale Standorte mit dem Ziel, 100 Millionen Bäume zu pflanzen. Die Koalition arbeitete mit Green Forests Work zusammen, die über 7 Millionen Bäume in sechs Bundesstaaten pflanzten, darunter 100.000 Bäume im Martin County, Kentucky.
Das Unternehmen unterstützte auch klimafreundliche Innovationen durch seinen Climate Smart Innovation Hub, der über 70 Banklösungen für Umweltverträglichkeit präsentierte. Bemerkenswerte Projekte umfassten die Technologieplattform von Abalobi für Kleinshändler und die Arbeit von Reach Alliance mit kenianischen Gemeinschaften zur Wiederherstellung von Mangroven, die fünf Schlüsselfaktoren zur Stärkung der Klimaschutzfähigkeit in verletzlichen Gemeinschaften demonstrierten.
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NORTHAMPTON, MA / ACCESSWIRE / January 8, 2025 / Mastercard:
By Maggie Sieger
Originally published by Mastercard
This year, a hurricane washed away mountain towns in the U.S., a brutal heat dome oppressed India and wildfires ravaged South America. But amid the chaos were signs of hope, courtesy of people who proved that our efforts do make a difference in the fight against climate change.
These Mastercard employees, partners and innovators made a marked effort in 2024 to restore and protect areas all around the globe in ways that will be long-lasting and impactful.
Mitigating risk from extreme weather
Ensuring that Mastercard's people and facilities are safe - no matter what Mother Nature throws their way - is a job Montana Eck and his climate risk and resilience team approach with enthusiasm and empathy. After all, Eck himself lives in Asheville, North Carolina, which was hit particularly hard by Hurricane Helene.
His team is developing comprehensive plans to enhance the company's physical resiliency, including a checklist to mitigate the impact of extreme weather on infrastructure and landscaping designed to withstand both higher- and lower-than-normal temperatures for years to come. In the meantime, they're making changes like painting parking lots and rooftops in cooler colors so they reflect rather than absorb heat and elevating equipment in flood-prone areas.
Reforesting former mining sites
Green Forests Work is planting trees to regenerate forests and spur local economies that have been destroyed by coal mining. "If you're going to put money into reforestation projects, there's so much benefit to doing it on mined land," says Chris Barton, Green Forests Work's founder and president. "They're a scar on the landscape."
GFW works with landowners, local communities and organizations like the Priceless Planet Coalition, created by Mastercard in partnership with Conservation International and the World Resources Institute. The coalition aims to fund the restoration of 100 million trees at sites around the world.
In an effort to sequester carbon emissions and support local economies, GFW has planted more than 7 million trees across six states - including 100,000 on this hilltop in Martin County, Kentucky, a former coal-mining site. In 2024 the coalition expanded sites globally to 22, including in the high Andes, the eastern Himalayas of India, and Thailand's Kaeng Krachan National Park, underscoring its efforts to maximize benefits on climate, communities, and biodiversity.
Securing economic stability for marginalized groups
Nearly 6 million small-scale fishers globally earn less than a dollar a day, often depleting fisheries in the process of trying to scrape a living from the sea. Rising ocean temperatures spurred by climate change are making their job even harder. The tech platformAbalobi helps fishers use technology to find sustainable and legal fishing spots, sell their catch to local restaurants and markets, and take out loans for better GPS-equipped boats and housing.
This year, Abalobi received a boost from the Climate Smart Innovation Hub, a program launched by the Mastercard Center for Inclusive Growth and the Climate Innovation for Adaptation and Resilience Alliance to connect entrepreneurs with climate scientists, financial service providers and investors to help unbanked workers become more resilient to climate change.
The hub showcased Abalobi among more than 70 banking and financial services solutions designed to drive financial resilience and promote environmental sustainability. The products serve affected populations around the world with a range of financial tools including credit, savings, payments and insurance.
Climate change disproportionately affects global populations that are hardest to reach - whether for geographic, administrative or social reasons. Many of these communities have developed innovative solutions that offer lessons for addressing climate challenges at scale. For example, southern Kenyan villagers are restoring mangrove forests, which capture 10 times more carbon than regular forests, and selling the carbon credits to large companies.
These "blue economy" projects have helped fuel a rise in prosperity in Kenya, which caught the attention of Reach Alliance. Founded in 2015 as a partnership between the University of Toronto and the Mastercard Center for Inclusive Growth, the alliance looks for development strategies for climate-vulnerable communities around the world. It's made a list of five key factors for boosting inclusive climate resilience in vulnerable communities: program sustainability, repurposing existing technology and resources, local ownership, appropriate incentives and a network of partnerships.
After studying the mangrove projects, the Reach Alliance realized that in addition to bringing new prosperity, these projects also protect villagers against extreme weather events. Kenyans in the project areas gain a new a source of income that they invest back into their communities, thus contributing to the development of sanitation, education, health and environment in their own neighborhoods. Ultimately their better understanding of successful sustainability models opens the door to an increase in similar projects around the globe.
Originally published by Mastercard
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SOURCE: Mastercard
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