Many firms across the payments industry already measure the carbon emissions of their products and services in one way or another. The problem lies in that there is very little regulation or standardisation of these measurements, meaning any emissions reductions made as a result lack credibility.
The Payments Association’s ESG Working Group identified the need for a standardised framework that can be used by firms throughout the payments industry to measure their carbon emissions data in a meaningful and reliable way. The team will be launching a new report that explores:
- why a framework of this kind is necessary
- why payments firms should consider measuring the carbon emissions of their payments processing value chain
- the challenges and benefits of measuring emissions in the payments processing value chain
- resources to help firms get started measuring their emissions.
The report will draw on the expertise of players from across the payments industry, including case studies and contributions from notable TPA members.
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