Delivering Sustainable Investments Since 1982SM

VISA

VISA

Visa Inc. (Visa) is a payments technology company. The company and its subsidiaries operate a processing network, which facilitates authorization, clearing and settlement of payment transactions around the world. The company also offers fraud protection for account holders and rapid payment for merchants.

As a service business, Visa’s environmental footprint is minimal since the company does not produce consumable products, operate manufacturing facilities, utilize outsourced production facilities, or operate retail storefronts. However, Visa implements a number of initiatives to reduce its operational environmental footprint through various energy efficiency, water and waste programs and green building measures. The company also demonstrates a strong commitment to increasing access to finance in various forms. For example, mVisa, the company’s newest mobile pay platform for emerging markets allows users to carry out monetary transactions through their mobile device. In contrast to the current informal banking networks being utilized, this structure provides users with a simple, secure and reliable system to transact. Furthermore, Visa has a variety of interactive financial literacy programs in place. In addition, the company has strengthened its human capital management strategy. Previous features included several professional development, intern and graduate programs and strong benefits; newer features being incorporated include an employee stock purchase plan and Visa University, an online learning tool with general and specialized curriculum for company employees.

Despite various security and privacy features, Visa has a privacy policy with limited scope, fails to undertake security inspections, and lacks employee data protection trainings. Separately, the company has stated that it will pursue a Power Usage Effectiveness of 1.20 for its data centers, but does not state a specific year for which it hopes to achieve this goal.



Industry: Information Technology
Country: United States
Website: http://www.visa.com
Disclaimer:

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.


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