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Mastercard’s master plan for sustainable consumption, Ep #87

If you view Mastercard solely as a means for making purchases, you're overlooking its extensive network and vast customer base, as well as its potential to influence consumer behavior. Unlike previous sustainability initiatives, Mastercard's approach, with its expansive reach and data expertise, presents a new level of opportunity. Through an interview with Ellen Jackowski, Mastercard's Chief Sustainability Officer, we delve into her leadership style, the current state of sustainability, and Mastercard's ambitious efforts to promote sustainable consumption on a large scale. This conversation sheds light on the challenges and aspirations driving Mastercard's commitment to making a tangible difference in corporate sustainability.

Date: 04/23/2024
Guest:

Ellen Jackowski

About episode

If you think of Mastercard as simply a piece of plastic that enables you to buy stuff, you’re not seeing their vast network of businesses, their billions of customers, or the potential influence they have on consumer behavior.

There have been countless efforts over the years to encourage consumers to shop more sustainably, but when it comes to the reach and data savvy that Mastercard brings, it’s a whole different ballgame. 

I’ve known Mastercard’s Chief Sustainability Officer Ellen Jackowski for many years, and I was delighted to sit down with her to understand Mastercard’s sustainability strategy. 

We talk about Ellen’s background and approach to leadership, the current moment in sustainability, Mastercard’s effort to encourage sustainable consumption at scale, how they’ve spread sustainability goals across their entire company, and much more. 

Ellen is a widely respected thought leader in corporate sustainability and this conversation offers a peek inside an ambitious and very challenging effort to create real impact. Mastercard is a NationSwell member and we’ll soon share a summary of this conversation as part of NationSwell’s Sustainability Next series. Enjoy!

In today’s episode, we cover:

  • [02:13] Ellen’s background & passion for sustainability 
  • [04:14] Ellen’s role at Mastercard
  • [06:13] Present moment in sustainability – trends & concerns
  • [08:13] The reach of Mastercard’s network
  • [10:58] Sustainable consumption as a systems problem
  • [12:29] Areas of opportunity & challenge
  • [14:00] The Priceless Planet Coalition video drop
  • [15:32] Mastercard’s carbon calculator
  • [16:50] Influencing large emitting purchases
  • [17:32] Promoting sustainable consumption around the world & US
  • [18:52] The biggest challenge in reaching net-zero goals
  • [21:00] Best ways to organize sustainability leaders
  • [23:24] Tackling Scope 3 emissions
  • [26:08] Mastercard’s Priceless Planet Coalition
  • [27:53] Mastercard’s Community Pass Platform
  • [29:21] Mastercard’s Start Path in Solidarity
  • [30:52] How Ellen’s thinking in leadership has evolved
  • [33:18] Resources to stay informed on sustainability
  • [34:22] What else needs to change

Resources Mentioned

Connect with Ellen Jackowski

  • Connect with Ellen on LinkedIn

Connect with Jason Rissman

Keep up with Invested In Climate

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