Visa Commits to 100% Renewable Electricity by End of 2019

Supports industry progress by joining RE100 Initiative and Business
Renewables Center, signing Corporate Renewable Energy Buyers' Principles

SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V) today announced its commitment to use 100 percent
renewable electricity across its global operations by the end of 2019.

As part of this commitment, announced in conjunction with this week’s
Climate Leadership Conference in Denver, Colorado, Visa is joining the RE100
initiative, a collaborative, global platform developed by The
Climate Group in partnership with CDP to increase demand for and
delivery of renewable energy.

“We are proud to play a role in driving the adoption of renewable
energy,” said Al Kelly, chief executive officer of Visa Inc. “For Visa,
this announcement is an example of our longstanding commitment to
operate as a responsible, ethical and sustainable company, while
fostering economic growth.”

To support further industry progress in the adoption of renewable
energy, Visa also is joining Rocky Mountain Institute’s Business
Renewables Center and becoming a signatory to the Renewable
Energy Buyers’ Principles, led by World Wildlife Fund.

“We congratulate Visa on joining RE100 with an ambitious 100 percent
renewable electricity goal, and for demonstrating leadership by working
with key stakeholders to build local renewable electricity markets,”
said Sam Kimmins, RE100, at The Climate Group.

Visa’s roadmap to renewables

To reach 100 percent renewable electricity by the end of 2019, Visa will
pursue an approach that emphasizes immediate action across its global
facilities portfolio. Today, an estimated 35 percent of Visa’s global
electricity consumption comes from a mix of renewable energy sources
such as solar, wind and hydropower.

Working with local utilities and competitive electricity market
providers, Visa will pursue renewable electricity options available in
each market that best fit its approach to renewable electricity. Visa
will seek impactful, local renewable electricity investments in markets
where the company has major facilities, including four locations in the
U.S. and the U.K. that account for 80 percent of its global electricity
use. Visa also will be transitioning the remainder of its footprint
toward renewable electricity.

“Visa’s commitment to renewable electricity does not end at our front
door,” said Douglas Sabo, vice president and head of Corporate
Responsibility and Philanthropy at Visa Inc. “We aim to support broader
industry progress in this area by joining the Business Renewables Center
as well as signing on to the Corporate Renewable Energy Buyers’
Principles.”

Scaling energy efficiencies

Visa’s commitment builds on the company’s focus on implementing
efficiency initiatives that reduce its use of energy at its data centers
and offices. In its locations around the world, Visa continues to invest
in energy efficiency measures, including LEED-based building design and
operations, lighting upgrades, motion sensors and an efficient
electronics policy that mandates at least 90 percent of new electronics
in its largest corporate campus offices meet either ENERGY STAR or EPEAT
certification standards.

Visa has achieved numerous environmental certifications of its
facilities through initiatives such as the U.S. Green Building Council’s
Leadership in Energy and Environmental Design (LEED) program. As of
2017, an estimated 67 percent of Visa’s global square footage has
attained an environmental attribute certification.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our
mission is to connect the world through the most innovative, reliable
and secure payment network – enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet,
provides secure and reliable payments around the world, and is capable
of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid
growth of connected commerce on any device, and a driving force behind
the dream of a cashless future for everyone, everywhere. As the world
moves from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For more
information, visit usa.visa.com/aboutvisa,
visacorporate.tumblr.com and @VisaNews.

About RE100

Led by The
Climate Group in partnership with CDP, RE100 is
a collaborative initiative bringing together the world’s most
influential businesses committed to 100% renewable power. Renewables are
a smart business decision, providing greater control over energy costs
and a competitive edge, while helping companies to deliver on emission
reduction goals. RE100 members, including Global Fortune 500 companies,
have a total revenue of over US$2.75 trillion and operate in a diverse
range of sectors – from Information Technology and financial services to
pharmaceuticals and automobile manufacturing. Together, they represent
more than 160TWh of renewable electricity demand and send a powerful
signal to policymakers and investors to accelerate the transition to a
zero-emissions economy. Visit RE100.org
and follow us on Twitter @theRE100
#RE100.

Contacts

Visa Inc.
Marni Goldberg
[email protected]