A new report from the Payments Association calls for a united framework to measure carbon emissions across the digital payments chain, promoting sustainability in the industry.
The Payments Association has published a report advocating for the standardization of carbon emission measurement in the digital payments ecosystem. The report, Sustainable Digital Payments: Measuring Carbon Emissions in the Payments Chain, calls for the need for a unified framework to help payment firms assess and reduce their environmental impact.
While emissions per transaction are minimal, the cumulative footprint of the industry is substantial due to its global scale. By identifying the carbon impact of various payment methods, the initiative seeks to drive actionable change and encourage greener practices across the sector. This approach is expected to fast-track a more sustainable future in digital finance.
