Visa and Plan A team on sustainability in the enterprise

Visa will offer Plan A's platform for calculating scope 1,2 and 3 emissions as part of its fintech partnership connect programme.
Visa and Plan A team on sustainability in the enterprise

Franco-German sustainability and ESG mapping platform Plan A is joining hands with the payment cards giant Visa in an effort to get more businesses ready to decarbonise their supply chains.

The partners will aim to leverage Visa's global customer base to grow the market for Plan A's software offering, which includes ESG performance reports and other sustainable transformation objectives.

Lubomila Jordanova, CEO of Plan A, said: "Just as Visa has been pioneering digital payment services for decades, it is now also spearheading the facilitation of climate action for businesses. 

"This is why it is an incredible honour for us to announce our exclusive partnership with them today."

PlanA's SaaS aims to automatically map out all data inflows related to scope 1, 2 and 3 emissions (these scopes cover emissions produced internally, but also emissions caused by the company's customers and energy supply chains.)

The software then compares the emissions data against national emissions benchmarks and data sets, allowing it to build a sustainability profile that accounts for an organisation's entire value chain, as well as providing 1,000+ decarbonisation solutions, best practices and services contacts.

Charlotte Hogg, CEO, Visa Europe, added: "Businesses need transparency about their impact in order to reduce it. 

"As part of our Fintech Partner Connect programme, Plan A brings advanced sustainability services for merchants and financial institutions which complement and strengthen our existing offering and can help businesses drive their own journeys to net-zero.”

Plan A is courting businesses looking to "self-manage" net zero targets to slash at least 5% from their emissions annually, rising to at least 50% over 10 years. With the Visa partnership deal, it is hoped Plan A will make progress toward its target of reducing 1 gigatonnes of CO2 emissions annually.

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